Zynk Secures $5 Million in Seed Funding to Revolutionize Fintech Payments
Fintech infrastructure startup Zynk has successfully raised $5 million (approximately ₹44 crore) in a seed funding round. This financial boost was spearheaded by Hivemind Capital, an investment firm focused on Web3 and blockchain technologies, with notable contributions from other fintech investors such as Coinbase Ventures, Transpose Platform VC, Polymorphic Capital, Tykhe Ventures, Alliance DAO, and Contribution Capital.
About Zynk: A Game-Changer in Fintech
Founded in April 2025 by a trio of seasoned professionals—Prashanth Swaminathan (ex-venture partner at Woodstock Fund), Manish Bhatia (former CTO of Amazon Pay India), and Abhishek Pitti (co-founder of IBC Media)—Zynk is on a mission to create a robust blockchain-based payments platform. The startup aims to enable instant cross-border settlements without requiring pre-funded liquidity, a significant innovation in the payments landscape.
Comprehensive Support for Diverse Currencies
The Zynk platform offers support for multiple currency corridors, including USD, EUR, AED, INR, MXN, and PHP. With its versatile functionality, Zynk caters to various sectors such as fintech companies, remittance services, trading platforms, neobanks, payroll systems, and B2B payment processors. Clients are charged fees based on trading volume or liquidity usage, ensuring a flexible and scalable pricing model.
Strategic Use of Seed Funding
The newly acquired capital will be instrumental for Zynk as it focuses on expanding its international corridor coverage, enhancing compliance and security measures, and establishing partnerships with global banks and payment institutions. These strategic initiatives are expected to bolster Zynk’s offerings and broaden its market reach.
Impressive Growth Trajectory
Since its quiet launch earlier this year, Zynk claims to have achieved an impressive 70% month-on-month growth. This rapid expansion is indicative of the growing demand for advanced fintech solutions that streamline payment processes and improve operational efficiency.
The Future of Fintech with Blockchain
The infusion of capital and the expertise of its founding team position Zynk as a prominent player in the ever-evolving fintech sector. By leveraging blockchain technology, the company plans to transform traditional payment models, making them more efficient and accessible for businesses worldwide.
Conclusion: A Promising Future Ahead
Zynk’s innovative approach to payments and its recent funding success illustrate a bright future for the startup. As it continues to evolve, Zynk’s mission to redefine cross-border payments could potentially make waves in the fintech industry, setting new standards for speed, efficiency, and scalability.