The startup offers a digital investment platform that enables employees to allocate a portion of their paychecks directly into bitcoin and stablecoins through their employers, without requiring any technical integration. This approach helps individuals preserve the monetary value of their earnings in a volatile economic environment.
Funding
$250K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In countries with unstable economies, employees face the challenge of preserving the value of their earnings due to inflation and currency devaluation. Traditional banking systems and national currencies are often susceptible to these economic pressures, eroding the purchasing power of individuals' savings.
Solution
Zawda provides a platform that enables employees to allocate a portion of their paychecks directly into Bitcoin, offering a hedge against inflation and currency devaluation. Through employer integration, individuals can convert their earnings into Bitcoin, thereby preserving their wealth. Zawda offers secure digital vaults utilizing multisig technology to protect Bitcoin holdings, ensuring users maintain control and access to their funds at all times. The platform's multisig approach eliminates single points of failure, enhancing the security of digital assets.
Target Audience
Zawda targets employees in countries facing currency devaluation and high inflation, as well as employers looking to offer their workforce a tool for preserving the value of their earnings.
Features
- Direct paycheck allocation into Bitcoin.
- Multisig technology for secure Bitcoin custody, requiring multiple keys for transaction authorization.
- Digital vaults for storing Bitcoin with controlled access.
- Basic multisig option with 2 keys held by the user and 1 key held by Zawda.
- Taproot timelock feature for long-term Bitcoin security with customizable conditions and time locks.