What Zengo does

Zengo is an Israel-based cryptocurrency wallet company founded in 2018 that provides a non-custodial wallet built on Multi-Party Computation (MPC) cryptography, eliminating the seed-phrase vulnerability common to conventional self-custody wallets. The platform supports 1,000+ assets across Bitcoin, Ethereum, Solana, TRON and other chains, and combines 3D FaceLock biometrics with email and a recovery file to deliver always-recoverable access via its 3-Factor Authentication system. The product suite spans the free Zengo Crypto Wallet, the Zengo Pro subscription ($19.99/month or $89.99/year) with advanced security features such as Legacy Transfer, Theft Guard, Web3 Firewall, Bitcoin Vaults with TimeLock, and Multiple Wallets, and Zengo Business for corporate treasury and crypto payment acceptance.

The company monetizes through Pro subscriptions, transaction fees (approximately 0.5% processing fee plus spread on swaps), staking integrations, and prediction-market take-rate. Its go-to-market is mobile-first product-led growth distributed through Apple App Store and Google Play, supplemented by MoonPay's exclusive payment infrastructure, WalletConnect-enabled Dapp access, and partnerships with Banxa, Transak, and Onramper for fiat on-ramps in 188+ countries. In April 2026, Zengo was acquired by eToro Group Ltd. for approximately $70 million in a mostly cash transaction, embedding its MPC wallet technology into eToro's 40M+ registered-user trading platform while the Zengo product continues to operate as a standalone consumer brand.

Name

Zengo

Legal name

Zengo Ltd.

Website

https://zengo.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Zengo is an Israel-based non-custodial cryptocurrency wallet provider founded in 2018, using MPC cryptography to eliminate seed phrases. It serves 2M+ retail and business users across 180+ countries with a freemium wallet, a Pro subscription, and was acquired by eToro for ~$70M in April 2026.

Ownership category

akta.pro rank

Product category

Cryptocurrency Wallet

akta.pro primary industry

Digital Asset Custody & Key Management (MPC, HSM, Wallet Infra) (FSAGAMAB)

akta.pro secondary industries

Smart Contract Wallets / Account Abstraction (MPC/AA, social recovery, paymasters) (FSAPACAB), Wallet Connectivity & Session Protocols (WalletConnect, deep links, QR, auth sessions) (FSAPACAF), Authorization & Permissions (delegation, allowances, capability-based access, session keys) (FSAPACAJ)

Keywords

• Cryptocurrency wallet
• Self-custody wallet
• MPC cryptography
• Digital asset storage
• Crypto security solutions

Headquarters

HQ city

Tel Aviv

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Zengo Pro Subscription: Premium subscription service providing advanced security features including Legacy Transfer, Theft Guard, Web3 Firewall, Bitcoin Private Transaction Mode, priority support, and discounted fees. Priced at $19.99/month or $89.99/year
2. Transaction Fees: Fees charged on buy, sell, and swap transactions including 0.5% processing fee plus spread and network fees. Pro users receive up to 50% discount on service fees
3. Network Fees Pass-through: Standard blockchain mining fees for processing transactions, passed through to users without markup

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Zengo is a non-custodial cryptocurrency wallet that uses Multi-Party Computation (MPC) cryptography to eliminate seed phrase vulnerability. The wallet enables users to buy, sell, swap, store, and earn cryptocurrency across 1,000+ assets on multiple blockchains, with biometric authentication and 3-Factor Authentication (3FA) recovery. It offers a free tier (Zengo Essentials) and a premium subscription (Zengo Pro) with advanced security features such as Legacy Transfer, Theft Guard, and Web3 Firewall.

Product overview

Zengo is a cryptocurrency wallet company offering a multi-tiered product portfolio centered on its MPC-based non-custodial wallet technology. The core offering is the Zengo Crypto Wallet (free tier), which provides seed-phrase-free cryptocurrency storage with buy, sell, swap, earn, and NFT management capabilities across 1,000+ assets and dozens of chains. Premium features are delivered through Zengo Pro ($19.99/month or $89.99/year subscription), which adds Legacy Transfer (crypto inheritance), Theft Guard (biometric transaction protection), Web3 Firewall (real-time threat detection), Bitcoin Vaults with TimeLock, Private Transaction Mode, and Multiple Wallets for segregation. Zengo Business serves enterprise customers with treasury management and crypto payment acceptance. The ecosystem also includes specialized features like Prediction Markets for outcome trading and ETH Staking via Everstake. Zengo acquired Minke Wallet in April 2024 to strengthen stablecoin offerings. Since April 2026, Zengo has been a subsidiary of eToro following a $70 million acquisition.

Differentiator

Problem solved

Functional benefit

Brands

• Zengo Pro: Premium self-custodial service with advanced security features including Legacy Transfer (crypto inheritance), Theft Guard (multi-factor authentication for transactions), Web3 Firewall, Bitcoin Private Transaction Mode, and priority 24/7 support. Priced at $19.99/month or $89.99/year.
• Zengo Business
• Zengo X Research

Products and services

• Zengo Crypto Wallet Non-custodial MPC-based cryptocurrency wallet enabling users to buy, sell, swap, and earn crypto without seed phrase vulnerability. Features 3D FaceLock biometric authentication and supports 1,000+ assets across dozens of chains including Bitcoin, Ethereum, Solana, and stablecoins. Available free with optional premium upgrade.
• Zengo Pro Premium self-custodial subscription service adding advanced security features including Legacy Transfer (crypto inheritance), Theft Guard (biometric transaction protection), Web3 Firewall, Bitcoin Vaults with TimeLock, Private Transaction Mode, and priority 24/7 support. Priced at $19.99/month or $89.99/year.
• Zengo Business Crypto treasury management solution for businesses enabling secure storage and management of company crypto assets, with enterprise-grade compliance controls, payment processing for accepting crypto donations and in-store/e-commerce payments.
• Minke Wallet Stablecoin-focused cryptocurrency wallet acquired by Zengo in April 2024 to enhance Zengo's stablecoin capabilities and diversify its product offerings.

Quantifiable outcome

• 0 wallets hacked or stolen since 2018
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

AI capability4 records

Feature6 records

Partnerships

Three partnerships are on record, tiered strategic, exploratory and core.

• ExtendedstrategicStrategic or Co-development Partner · 3 July 2026Extended, an on-chain perpetual futures exchange built on StarkWare's StarkEx scalability engine, announced strategic cooperation with Zengo. The partnership aims to expand global financial market access through next-generation on-chain infrastructure, integrating Extended's derivatives infrastructure with Zengo's self-custody wallet capabilities.
• Silence LaboratoriesexploratoryTechnology or Integration · 1 May 2026Silence Laboratories is testing its quantum-safe custody vault with early design partners including Zengo. The platform combines post-quantum ML-DSA signatures with MPC to protect against future quantum computing threats.
• MoonPaycoreGTM or Marketing Partner · 20 November 2025MoonPay announced expanded partnership with Zengo, becoming the exclusive payments provider for Zengo's Buy/Sell crypto features. MoonPay also made a strategic investment in Zengo through MoonPay Ventures to support its global growth and product development. The collaboration integrates MoonPay's global payments infrastructure with Zengo's self-custodial wallet.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Exodus: Multi-asset crypto wallet available on desktop and mobile with built-in exchange, staking, and NFT support. Competes with Zengo across the same retail feature set (buy, sell, swap, stake) and customer profile.
• MetaMask: The most widely used self-custody crypto wallet, supporting Ethereum and EVM chains. MetaMask competes directly with Zengo for the same retail user base seeking non-custody control of digital assets, with MetaMask's incumbent position and ConsenSys ecosystem being its primary moat.
• Trust Wallet: Binance-owned multi-chain self-custody wallet supporting 10M+ assets across 100+ blockchains. Directly comparable to Zengo in multi-asset self-custody positioning, with deep distribution advantages from Binance exchange integration.
• Coinbase Wallet: Coinbase's self-custody wallet offering trade, earn, and Dapp access across multiple chains. Competes with Zengo for security-conscious retail users and benefits from Coinbase brand and regulatory standing.
• Ledger: Leading hardware wallet provider (Ledger Nano S Plus, Ledger Stax) used by millions of consumers for cold storage of crypto assets. Competes with Zengo for the security-first self-custody segment, taking a hardware-based rather than MPC-software approach.
• Trezor: SatoshiLabs' hardware wallet brand, a pioneer in consumer crypto self-custody. Competes with Zengo for users prioritizing cold storage security, with a comparable security-first positioning.
• Phantom: Leading Solana-native self-custody wallet that has expanded to multi-chain (Ethereum, Polygon, Base). Directly comparable to Zengo in targeting retail users seeking a friendly mobile-first self-custody experience.
• Safe (formerly Gnosis Safe): Multi-signature smart contract wallet standard for treasury management, increasingly used by both retail teams and enterprises. Comparable to Zengo Business in the corporate/team treasury use case and competes for security-conscious DeFi power users.
• Blockchain.com: Long-standing consumer crypto wallet and exchange platform with millions of users globally. Competes with Zengo in the same retail self-custody + on-ramp market, with a stronger legacy brand and exchange integration.
• BitPay: Crypto payments and self-custody wallet provider serving both consumers and merchants. Directly comparable to Zengo in payment-rail functionality (e.g., Zengo Business) and self-custody consumer wallet offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/zengo
• YouTubeyoutube.com/@ZengoWallet
• LinkedInlinkedin.com/company/zengo

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zengo