KZen Wallet Hopes to Break Ground

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A new entrant has emerged in the already crowded crypto wallet space. KZen, a company co-founded by a former TechCrunch editor Ouriel Ohayon, recently announced that it has completed a $4 million funding round while hard at work building a more intuitive and user-friendly crypto wallet. KZen is planning on offering the world the first non-custodial digital wallet where users are not required to manage their own private keys.

The firm declined to use an ICO to fund its wallet project, instead relying on traditional start-up funding mechanisms. Ohayon laid out his rational for not pursuing an ICO in a Medium post on August 7th. KZen’s funding round was led by Benson Oak Ventures, and the group attracted a prominent group additional investor, including Elron, BlockNation, FJ Labs and Samsung Next. The firm also has several noteworthy individual investors. See more for yourself here.