DeFi Infrastructure Firm Zoth Raises $4 Million in Funding to Enhance Its Financial Solutions

IconCryptoNewsTerminal Staff05 Aug, 2024

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DeFi Infrastructure Firm Zoth Raises $4 Million in Funding to Enhance Its Financial Solutions

Zoth, a decentralized finance (DeFi) infrastructure company, has successfully closed a $4 million funding round led by Taisu Ventures, G20, FatCat Ventures, Gemseed Capital, Foundership Ventures, DCI Capital, Absolute Digital VC, Hydra Capital, and Astralex Capital. The investment will fuel the advancement of Zoth-Fi, its stablecoin-based financial solution, and foster ecosystem growth. “We are excited to have the support of such a strong group of investors as we continue to build out our DeFi infrastructure,” said Zoth CEO Alex Liu. “This funding will allow us to accelerate the development of Zoth-Fi and expand our ecosystem of partners.” Zoth- Fi is a comprehensive financial solution that offers a range of services, including stablecoin issuance, lending, and trading. It is designed to make DeFi more accessible and user-friendly for businesses and individuals alike. The company has already partnered with several major players in the DeFi space, including Chainlink, Compound, and Uniswap. With this latest funding, Zoth is well-positioned to continue its growth and become a leading provider of DeFi infrastructure. The company is committed to building the future of finance, where everyone has access to affordable and reliable financial services.