Zeebu, the pioneering blockchain-based settlement platform for the telecom carrier industry, has triumphantly raised $25 million in a presale funding round, surpassing its initial target of $15 million. Notably, this round witnessed strong participation from strategic investors, including Bankai Ventures.
The overwhelming response from investors reflects the market’s enthusiasm for Zeebu’s game-changing on-chain invoice settlement platform and loyalty token, poised to revolutionize the telecom carrier industry.
Expressing gratitude for this tremendous support, Raj Brahmbhatt, the Founder of Zeebu, stated, “We are thrilled by the remarkable backing and trust shown by our investors in this presale funding round.”
Brahmbhatt continued, “Our mission is to empower the telecom carrier industry with cutting-edge blockchain technology and innovative loyalty solutions. This significant funding milestone brings us closer to realizing that vision, and we eagerly anticipate driving positive change in the industry.”
Zeebu’s loyalty token, designed exclusively for the telecom carrier sector, offers unprecedented benefits to both merchants and customers. It eliminates the reliance on traditional banking channels and costly intermediaries, facilitating faster transactions and improved margins. The aim is to create a seamless and efficient experience for all participants through a dedicated blockchain-based settlement platform.
Sean Byrnes, CFO at Bankai Ventures, expressed his enthusiasm, stating, “Zeebu’s unique value proposition and its potential to transform the telecom carrier sector represent an exciting opportunity for growth and innovation.”
Byrnes continued, “The team’s vision, expertise, and unwavering dedication to creating value for all stakeholders truly shine through. I am confident that Zeebu will lead the way in transforming settlement processes, ushering in a new era of efficiency for the $120 billion telecom industry.”
Through its loyalty token, Zeebu incentivizes and rewards carriers, enabling them to streamline transactions and enhance operational efficiency. The platform’s ambitious goal is to onboard over 100 telecom carriers, facilitating cross-border settlement processes with unmatched efficiency.
Zeebu has already forged strategic partnerships with major telecommunications providers such as Hayo Telecom Inc., Axistel FZE, Qatama Ltd, BBT Voice Limited, Broadband Telecom Inc., BridgeVoice Inc., and Novatel d.o.o., demonstrating its commitment to addressing long-standing industry challenges.
About Zeebu:
Zeebu is the world’s first on-chain invoice settlement platform for the Telecom Carrier Industry, powered by $ZBU. With their settlement platform and loyalty token, Zeebu aims to revolutionize the telecom carrier industry, empowering telecom carriers with loyalty rewards, streamlined invoice settlements, and enhanced transparency by leveraging blockchain technology. Zeebu’s mission is to transform the settlement experience for the industry, unlock innovation, and empower telecom carriers to thrive.