After completing a spin-off from Montreal fintech Wealthica, Vezgo recently closed a pre-seed funding round which came in oversubscribed at USD $750,000.
The Ontario-born financial technology startup saw investment from Bitnomic Capital, Flinks Technologies, and M2S Capital, as well as angel investors including Andrew Izyumov and Rachid Ajaja.
The company says its mission is helping traditional financial organizations—from taxes and insurance to audit and compliance—”bridge the gap into Web3.”
“We are seeing a tremendous amount of traction and opportunities in many traditional verticals who are looking for help to bridge into the Web3 Digital Assets space,” Roberto Montesi, chief executive of Vezgo, stated at the round’s close.
He noted how the technical team at Vezgo has built a Unified Crypto API platform which enables developers to integrate with Web3 data.
Using the Vezgo API, fintech app developers can connect with their users’ data from every part of the crypto ecosystem: Centralized Exchanges, Wallets, NFTs, and Blockchains in general, according to a statement from the company.
Vezgo says it is now easier than ever for fintech developers to allow users to access data they need to make decisions about crypto investments, enabling a range of web3 portfolio tracking use cases.
Whether users are looking to track their account balances, monitor their positions and tokens, or view their transaction history, Vezgo believes its portal provides a platform for developers to access information and enable crypto aggregation.
As a cofounder of Wealthica in 2015 and now chief technology officer of Vezgo, Martin Leclair believes his team has strong expertise in the field.
“We’ve gained tremendous insight into the needs and challenges of developers who need connectivity to their end users’ wallets and crypto exchange accounts,” the CTO recently stated.
Vezgo says the portal launch is “a major development for the company and for users.”