Zumo is a wallet and payments platform that aims to make traditional money and cryptocurrency work together. The company asserts that its blockchain-powered smart wallet is a safe and simple way to trade, store, transfer and spend cryptocurrencies. Its ecosystem comprises of three core products, namely Zumo App, ZumoKit and Zumo Pay. The company has raised £3 million in equity funding across three investment rounds. It has also soft-launched on the App and Google Play stores in November 2019 and grown to nearly 1000 users in that time. Zumo will spend 39% of the investment on human resources and hiring, 39% on product development, 17% on marketing, 5% on administrative costs, 3% on legal costs, 1% on rent, and the remaining on employee expenses and loan repayment.
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Zumo Rating Review
Pitch rating powered by CROWDRATING™
Rated on 01/09/2020
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£10,466,781
pre-money valuation
9.51%
equity available
664
investors
£2,380
pledge per investor
12/12/2017
incorporated 6 years
Previous Funding rounds
11 Mar 24 | Seedrs | £1,580,010 / 144% | 84.33% |
News
Asset servicing people moves news | Zumo appoint Mehra as non-executive director - Asset Servicing Times
13/03/2024 Asset Servicing Times
Zumo Appoints Financial Heavyweight Ashwath Mehra as Non-Executive Director - Fintech Finance
12/03/2024 Fintech Finance
Garmin Zumo XT review - the sophisticated sat nav - Motorcycle News
17/08/2023 Motorcycle News
Zumo brings micropayments to enterprises with BSV/GBP trading pairs - CoinGeek
05/02/2024 CoinGeek
Garmin Zumo XT2 review | Motorcycle sat-nav tested - BikeSocial
27/06/2023 BikeSocial
Garmin Zumo XT2 Review: In A Smartphone World, You Still Want Dedicated GPS - Jalopnik
19/10/2023 Jalopnik
Why Edinburgh Is Zumo's Crypto Hub - CoinDesk
07/07/2023 CoinDesk
The future of blockchain is becoming clearer with Nick Jones from Zumo | FF News at Sibos 2023 - Fintech Finance
17/10/2023 Fintech Finance
Garmin Zumo Moto Navigation - Men's Journal
10/11/2023 Men's Journal
Jasper John Zumo Obituary 2023 - Schrader, Aragon & Jacoby Funeral Home
27/10/2023 Schrader, Aragon & Jacoby Funeral Home
What the ratings mean
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