Zenbanx

bankingtech

STATUS: Acquired/Merged
FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 03/06/2021

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Zenbanx is a financial technology company that created a mobile multi-currency account for people who live, work or travel across borders. The Zenbanx Account is offered through regulated financial institutions and combines the convenience of a mobile application; the security of a regulated financial institution; and significant value over the competition. Zenbanx customers have the advantage of exchanging money whenever and wherever they want, holding up to five currencies, earning interest on most of their savings, and sending money internationally for an unrivalled flat fee. Simplicity, security and value, all in the palm of your hand!

MEDICI Analysis

Zenbanx was acquired by Sofi on Feb 2017. It's a mobile multi-currency banking account for citizens of the world that allows you to hold up to five currencies and exchange or send them domestically or internationally.

Focus

PRODUCTS & SERVICES

Mobile-based multi-currency account provider Helps account holders to hold up to five currencies and exchange or send them domestically or internationally.

REVENUE MODEL

The company follows transaction-based model.

EXISTING PARTNERSHIPS

DUCA Financial Services Credit Union Ltd. - To offer account to the Zenbanx clients in Canada, WSFS Financial Corporation -To offer account to the Zenbanx clients in USA.

COMMENT

Secure, state-of-the-art multi-factor authentication and allows them to earn interest on the savings

company provided insights
Acquisitions

M&A

ACQUIRED BY

SoFi

ANNOUNCED DATE

Feb 2017

PRICE

$100 M

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

---

AVERAGE VISITS (6 MONTHS)

---

MONTHLY VISITS GROWTH

---

VISIT DURATION

---

VISIT DURATION GROWTH

---

PAGE VIEWS VISIT

---

PAGE VIEWS VISIT GROWTH

---

BOUNCE RATE

---

BOUNCE RATE GROWTH

---

GLOBAL TRAFFIC RANK

---

MONTHLY RANK CHANGE

---

MONTHLY RANK GROWTH

---

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp