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# UAE-based DeFi platform ZKX raises over $4 million in seed funding
- URL: https://www.techloy.com/uae-based-defi-platform-zkx-raises-over-4-5-million-in-seed-funding/
- Published: 2022-07-18T15:55:54.000Z
- Updated: 2025-05-23T16:26:29.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Crypto, Tech in UAE, Decentralized Finance (DeFi)

[ZKX](https://zkx.fi/), a Dubai-based decentralized finance (DeFi) startup helping users to have improved payment experiences with low gas costs has raised $4.5 million in its seed round funding to improve its operations.

- The fund will be used to further develop its open-source protocol, DAO funding and grow its platform, the startup claims.
- Founded in 2021, ZKX offers faster and cost-effective transactions as a decentralized finance platform and is built on StarkNet.
- It focuses on advancing scalability, addressing the challenges of centralized entities, reducing high gas fees, and improving user experience.
- StarkWare, Alameda Research, Amber Group, Huobi, Crypto.com, and others invested in the round.