Through the acquisition of PayBridge, an American payment company, Zebec's streaming payment technology is expanding to an enterprise-level payroll platform.
Recently, Zebec Protocol, a streaming payment agreement, announced that it has acquired PayBridge, a Web2 salary management company, through Payroll Growth Partners (PGP), an American investment institution. Headquartered in Ohio, USA, PayBridge is a leading provider of traditional payroll services for large enterprises. It is serving more than 20,000 employees and is preparing to rapidly expand its customer base and market size in 2023.
This acquisition goes hand-in-hand with several others and marks an important milestone in the Zebec ecosystem's mission to grow in the payroll space. Starting from PayBridge, Zebec's technical team will introduce the elements and functions of streaming payment technology into the established web2 enterprise-level salary platform, with the ultimate goal of providing real-time salary and systems for the future financial ecology.
"We are very pleased to see our vision is being realized, we are using Web3 technology to bridge the gap between the traditional financial system and the real-time payroll of the future, streaming payment finance and streaming payment protocol, which will replace the traditional traditional monthly salary payment methods and make it a thing of the past,” said Simon Babakhani, co-founder and managing director of Zebec Protocol.
"However, for today, we will provide PayBridge customers and their employees with new features and services in the fastest and most direct way, such as daily pay with instant income via Zebec payment cards," Babakhani added.
Tony Chiviles, President and Founder of PayBridge, said, "Our partnership with PGP and Zebec is an important step in the logical evolution of our company. It gives PayBridge access to incredible new technology talent to help us advance our technology and grow because We bring our clients cutting-edge products and services that are disruptive to the U.S. payroll industry."
News of the PayBridge acquisition comes on the heels of Zebec's other big announcement - a few days after the launch of the ZebecCard in the UK and Europe, which will allow users of the card to easily send their cryptocurrencies anywhere Mastercard is accepted. Salaries and savings are converted into legal currency for daily consumption.
"We are on track to achieve our ambitious mission - to build a new future of wage-based systems that change the way businesses, employees and consumers pay, change the way they buy products or services, and change the way they invest - Zebec "We are staying true to our commitment to our customers, partners, and community, as well as our investors' performance and growth goals," said Sam Thapaliya, founder of . "
Thapaliya continued: "Join us as we build a global blockchain-powered ecosystem that empowers consumers to control their finances and choose how they get paid and spend.
About Zebec:
Zebec enables real-time and continuous streaming payment finance for salary, investment, etc. Founded in 2021 and backed by companies including Circle, Coinbase, Solana Ventures, Breyer Capital, Republic, and Lightspeed Venture Partners, Zebec has served hundreds of companies, run thousands of continuous payment flows, and brought blockchain to the fore in daily life.
To learn more, visit Zebec.io.
About Payroll Growth Partners:
PGP is a consortium of fintech companies and start-ups, including Zebec, investing in small and mid-sized payroll companies across industries and markets to leverage best-in-class payroll technology to improve profitability and accelerate growth.