8th April 2021
ZEN Global Limited (''ZEN' or ''The company'') has recently received an investment from JOMON Ltd, which will be matched by the UK Government's Future Fund amounting to almost GBP 1.5 million in financial backing.
The impact of the Covid-19 pandemic has disproportionately affected start-ups and growth stage businesses who rely on equity investment. In a bid to stabilize promising businesses during these unprecedented times, the Chancellor has created the Future Fund. The Future Fund matches qualifying private investment by issuing convertible loans to UK-based companies with growth potential, supporting them through this disruptive period and shoring up market recovery.
ZEN is a UK-based Fintech start-up which works to harness the expertise of charities, financial specialists and pioneering technology developers to digitally transform the relationship between donors and beneficiaries of fundraised money. Fintech companies are considered the UK's most powerful and promising start-up sector. Through our custom blockchain technology, we are able to deliver absolute transparency and traceability of all donations for all stakeholders. Whilst revolutionising the charity sector, we are unwaveringly committed to their values of focusing on processing assurance through our tracking solution services, effectively reducing the administrative costs and increasing the accountability to charities. We believe that the introduction of transparency to charitable donations will be advantageous for all parties as it will redevelop the relationship and rapport between donor and beneficiary which will in turn, encourage more donations.
Prior to the Future fund, ZEN has already received by the Japan Patent Office several patents, for invention of fund tracking solution utilizing blockchain technology, fund management systems, data verification method. The patent bears the number 6738113. At the same time, ZEN made an international application, which granted ZEN to claim a priority of earlier application of the patents under PCT (Patent Cooperation Treaty). In addition, at the beginning of this year, the company successfully filed an application to the Patent and Trademark Office in the US and European Patent Office to defend its invention.
JOMON Ltd has teamed up with Future Funds to invest GBP 727,000 each in ZEN Global Limited, amounting to GBP 1,454,000. JOMON Ltd., is a Tokyo-based business who pride themselves in supporting 'valuable associations' that will help their clients feel satisfied and prideful in their work. Their key focus is in companies with a clear philosophy. The foundation of both companies shares common ground in providing client/ donor satisfaction while increasing funding.
Key Quotes:
"Our objective is to build a platform of significant value by providing tracking solutions and capturing market share through the application of blockchain technology in the philanthropy sector, charitable markets. We believe the support of our investors and Future Funds will serve as a catalyst to introduce tracking services, APIs of blockchain-based products quickly.''
Takamasa Kawasaki, CEO of ZEN Global Limited
"Following the approval of the Future Fund, the company will be in a position to get most of the product development done in the UK so as to get the support of the charities. This investment allows ZEN to gear itself to continued growth, even in these economically challenging times.''
AKM Ismail, Director and Co-Founder of ZEN Global Limited
"The supplemental matching funds allow ZEN Global to thrive and invest in our technological development, obtain the strategic resources needed to strengthen our product. This marks the beginning of a promising new era for our business to thrive, regardless of the challenges faced by such businesses.''
Dr Alessandro Ciacchini, Director of ZEN Global Limited
For any queries, please contact the follwing:
Mr Takamasa Kawasaki (CEO)
kawasaki@zen-charity.net
Tel: +44 20 3287 8188
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