Zeuss Technologies
Blockchain-based KYC and AML solution for cash intensive industries.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
N/A | Seed | ||
| Total Funding | 000k | ||
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Zeuss Technologies, established in 2018 by co-founders Jia Shen and Mei Chuong, operates in the regulatory technology sector, specializing in blockchain-based solutions. The company focuses on developing Know Your Customer (KYC) and Anti-Money Laundering (AML) technology tailored for cash-intensive industries. Its core business involves providing software that non-intrusively monitors and verifies financial activities, assisting clients in meeting federal regulatory compliance obligations efficiently.
The firm's primary offering is a software platform that leverages distributed ledger technology (DLT) to streamline identity verification. This approach aims to reduce the inefficiencies associated with traditional, paper-based KYC/AML processes, such as the duplication of efforts across different financial institutions. By creating a shared, secure, and auditable source of client information, the technology allows permissioned parties to access and rely on previously verified data with customer consent, which can expedite client onboarding and reduce administrative overhead. The platform is designed to serve financial institutions and other businesses that face stringent regulatory requirements.
Based in Palo Alto, California, Zeuss Technologies secured $150,000 in a seed funding round on November 1, 2018. This investment was led by 500 Vietnam, with participation from other institutional investors including Draper Athena and UMANA House of Funds. The company operates as a privately held entity and generates revenue through its specialized software and services for financial compliance.
Keywords: regulatory technology, RegTech, blockchain KYC, blockchain AML, financial compliance, identity verification, distributed ledger technology, anti-money laundering, know your customer, cash-intensive industries, compliance software, fintech, financial services technology, secure financial transactions, auditable data, client onboarding, compliance automation, digital identity, data verification, financial crime prevention