When was Zest Protocol founded?

Zest Protocol was founded in 2022 and raised its 1st funding round 1 year after it was founded.

Where is Zest Protocol located?

Zest Protocol is headquartered in London, United Kingdom.

How many employees does Zest Protocol have?

As of Sep 30, 2026, the latest employee count at Zest Protocol is 11.

Is Zest Protocol a funded company?

Zest Protocol is a funded company, having raised a total of $7.82M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 06, 2023.

When was the latest funding round of Zest Protocol?

Zest Protocol's latest funding was a $***** Seed round on May 13, 2024, with participation from 13 investors. Its primary sector is Cryptocurrencies. In United Kingdom, the Cryptocurrencies sector has seen $191M in funding in 2026 to date.

Where does Zest Protocol rank among its competitors?

Zest Protocol ranks 5th amongst 141 active competitors, of which 38 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Term Structure, which secured an undisclosed amount in Aug, 2026.

Who are the top competitors of Zest Protocol?

Zest Protocol's top competitors include Ledn, Morpho and Euler. Among them, Term Structure secured the most recent funding round in August, 2026.

Zest Protocol - 2026 Company Profile, Team, Funding & Competitors

Zest Protocol is a seed company based in London (United Kingdom), founded in 2022 by Fernando Foy. It operates as an On-chain lending protocol for bitcoin. Zest Protocol has raised $7.82M in funding. The company has 141 active competitors, including 38 funded and 1 that has exited. Its top competitors include companies like Ledn, Morpho and Euler.

Company Details

On-chain lending protocol for bitcoin. It offers a Bitcoin lending protocol that allows users to earn more BTC or borrow against BTC assets. The platform operates on-chain and is open-source. Its app is available on the website.

Website: www.zestprotocol.com/
Social
Email ID: *****@zest.com

Key Metrics

Founded Year

2022

Location

London, United Kingdom

Stage

Seed

Total Funding

$7.82M in 2 rounds

Latest Funding Round

Seed, May 13, 2024, $*****

Investors

Tim Draper & 12 more

Ranked

5^th among 141 active competitors

Employee Count

11 as on Sep 30, 2026

Similar Companies

Ledn & 208 more

View Zest Protocol's full profile

Zest Protocol has raised a total funding of $7.82M over 2 rounds. Its first funding round was on Oct 06, 2023. Its latest funding round was a Seed round on May 13, 2024 for $*****. 13 investors participated in its latest round. Zest Protocol has 12 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Zest Protocol:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 13, 2024	7244766	Seed	7598158	1321026	1535519	3442374
Oct 06, 2023	7970349	Seed	9843373	4210646	7384199	5284616

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View details of Zest Protocol's funding rounds and investors

The founders of Zest Protocol is Fernando Foy.

Here are the details of Zest Protocol's key team members:

Fernando Foy: Co-Founder of Zest Protocol.
Contact Info: 1 email address

View details of Zest Protocol's Founder profiles and Board Members

Zest Protocol's employee count trend

Zest Protocol has 11 employees as of Sep 26. Here is Zest Protocol's employee count trend over the years:

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Top competitors of Zest Protocol include Ledn, Morpho and Euler. Here is the list of Top 10 competitors of Zest Protocol, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ledn 2018, Toronto (Canada), Series B	Blockchain-based & crypto-backed lending platform	$104M	10T, Kingsway Capital & 26 others	64/100
2nd	Morpho 2021, Paris (France), Series D	A peer-to-peer layer built on top of lending pools such as Compound and Aave	$249M	Ribbit Capital, Pantera Capital & 44 others	59/100
3rd	Euler 2020, London (United Kingdom), Series B	Provider of non-custodial protocols for lending and borrowing crypto assets	$40M	Haun Ventures, Paradigm & 32 others	59/100
4th	Yuanbao 2014, Beijing (China), Series C	Online digital currency as a collateral-based P2P lending platform	$156M	Cathay Capital, Source Code Capital & 5 others	57/100
5th	Zest Protocol 2022, London (United Kingdom), Seed	On-chain lending protocol for bitcoin	$7.82M	Gravity Fund, Tykhe Ventures & 11 others	54/100
6th	Term Structure 2022, British Virgin Islands (United Kingdom), Seed	Peer-to-peer fixed-income protocol	$4.25M	Cumberland, HashKey Capital & 5 others	49/100
7th	Notional 2020, Emeryville (United States), Series A	P2P platform for cryptocurrency loans	$12.7M	ventures.coinbase.com, 1confirmation & 7 others	49/100
8th	Gondi 2023, New York City (United States), Seed	Decentralized non-custodial NFT lending protocol	$5.35M	Pantera Capital, Dragonfly Capital & 8 others	48/100
9th	Credora 2019, San Rafael (United States), Acquired	Platform that enables data-driven lending across CeFi and DeFi	$16M	WAGMI Ventures, Bixin Ventures & 15 others	47/100
10th	APX Lending 2023, Toronto (Canada), Seed	Digital platform offering cryptocurrency loans	-	BIGG Digital Assets, Funders VC & 1 others	46/100