Zumo

Zumo's journey began in Edinburgh in 2017, born from the vision of co-founders Nick Jones and Paul Roach. Nick, a self-described tech industry veteran with around 20 years of experience, had sold his previous business in 2012 and spent the subsequent five years investing in data-centric ventures. Feeling the pull back towards entrepreneurship, he and Paul began exploring the burgeoning world of blockchain in 2016. They were particularly drawn to the philosophical underpinnings of the technology – its inherent transparency and the immutability of on-chain data. This fascination sparked the idea to create a platform that would simplify and demystify cryptocurrency, making it accessible and trustworthy for a broader audience. Their core mission became 'Smart money for everyone', aiming to bring the benefits of blockchain technology and digital currencies to individuals and businesses globally.

The early days were focused on building a fully decentralized mobile wallet and payments platform. A key principle from the outset was a commitment to regulatory alignment. Nick and Paul recognized the complexities and often intimidating nature of the crypto space for newcomers and were determined to build a service that prioritized security and compliance. This 'compliance-first' approach, while perhaps perceived as 'boring' in a fast-moving industry, proved to be a foundational strength, helping Zumo navigate market volatility. The company launched its app, enabling users to buy, sell, store, send, and exchange both cryptocurrencies and traditional money. This initial offering focused on making crypto useful in everyday situations, democratizing access and normalizing its use. Early backing from investors like Coldplay bassist Guy Berryman, Murray Capital, and the Scottish Investment Bank provided crucial support. Zumo's commitment to user experience was also paramount, aiming to create an intuitive platform that contrasted with the often-clunky interfaces prevalent in the early crypto market. Over the years, Zumo has expanded its offerings, including the launch of Zumo Enterprise, a B2B 'crypto-as-a-service' solution, demonstrating its adaptability and ambition to serve a wider range of clients, from individual consumers to financial institutions. Sustainability has also become a core tenet, with Zumo actively working towards decarbonizing its operations and the broader digital asset industry.