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FinancialNews
08-10-18
Israel's start-up KZen generates USD4m funds in crypto wallet
(MENAFN) Israeli cryptocurrency wallet start-up KZen was unveiled to have generating funds of USD4 million.
The list of investors taking part in the round of wallets was unveiled to include Benson Oak Ventures, Samsung Next, and Elron Ventures.
The new wallet application is set to be introduced later in October 2018, with it still not being launched in front of the public eyes.
CEO Ouriel Ohayon stated: "we wanted for ourselves and for the world something that did not feel like a pre-AOL experience, that was incredibly superior in terms of security and simple to use."
The CEO added "we wanted a solution that brings peace of mind and that did not force the user into compromising between convenience and security which is, unfortunately, the current state of affairs."
MENAFN0810201800450000ID1097539505
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