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Zipzap Raises $1m+ In Funding And Grows Executive Team
Global Payment Startup Adds Senior Banking Executive, Jim Griffin, To Support Expansion Across US, Europe and South America
By: Zip Zap, Inc.
This latest fundraising was led by strategic investors from AngelList Syndicate and 500 Startups with follow on investment from Blumberg Capital. ZipZap will be using the funds to further its vision to be the primary payment network for digital currencies.
In addition, ZipZap has added former Wells Fargo executive, Jim Griffin, as the Senior Vice President of Currency and Foreign Exchange to its executive team.
“With the current state of the financial market, digital currencies are increasing in popularity and adoption,” says Jim Griffin. “This is an exciting time to join ZipZap and be a part of its growth and the evolution of currency on a global scale.”
Griffin will be managing ZipZap’s fiat and digital currency risks and driving relationships in the banking industry globally for potential partnerships.
“Jim’s expertise in worldwide currency and foreign exchange is perfect to support our recent growth into new markets,” says ZipZap CEO, Alan Safahi. “With our rapid growth and increased exposure to dozens of currencies worldwide, it is important for us to not only manage our risks but also develop solid relationships with banks and currency traders.”
Griffin was most recently the Executive Director of UBS Investment Bank responsible for driving new hedging and investment product innovation.
Prior to UBS, Griffin served as Senior Vice President of Foreign Exchange at Wells Fargo. It was in this role he created a new derivative-based product suite, designed for the ultra-high-net-
ZipZap also recently announced its expansion across the UK (http://finance.yahoo.com/