Zengo
Self-custodial MPC wallet (no seed phrase); acquired by eToro Apr 2026, product continues independently.
MPC wallet, no seed phrase; acquired by eToro (Apr 2026).
- Who holds it
- You do. Funds sit on-chain in a wallet the company cannot freeze (MPC self-custodial).
- The ledger
- The blockchain — no company keeps the authoritative record.
- If it fails
- Nothing on the company side to fail; but lose your keys and the money is gone for good.
Derived from Zengo’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | web3-native |
| HQ | Tel Aviv, IL |
| Founded | 2018 |
| Custody | MPC self-custodial |
| Regulation type | Self-custodial software |
| License detail | MPC self-custody; no seed phrase |
| Card | No card |
| Stablecoins | Yes |
| KYC | No |
| Active regions | North America, Europe, Latin America, Africa, MENA, Asia, Oceania |
| Countries | Global |
| Reported users | 2M users (2026) |
| Founders | Ouriel Ohayon + 3 |
| Funding | Acquired by eToro (Apr 2026, ~$70M reported); ~$24M raised |
| Services | crypto on-ramp · crypto off-ramp |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @zengo ↗
Common questions about Zengo
What is Zengo?
Zengo is a self-custodial, on-chain-first neobank, headquartered in Tel Aviv, IL and founded in 2018. You hold the keys: Zengo never takes custody of your funds. It is software rather than a licensed institution (MPC self-custody; no seed phrase).
Does Zengo have a card, and where can you use it?
It issues no card of its own and requires no identity check. It is available in all 7 world regions tracked here.
Does Zengo require KYC?
No. Zengo works without identity verification, which is possible because it is mpc self-custodial — it never holds your funds.
Early investors
Head-to-head
Zengo vs Trust Wallet · Zengo vs Phantom
Peers
Phantom · MiniPay · Eco (Beam) · Dakota · MetaMask · Solflare
Zengo appears in
Neobanks that never hold your money (53) · Neobanks that work without identity verification (14) · Neobanks available in North America (126) · Neobanks available in Europe (144) · Neobanks available in Asia (132) · Neobanks available in Oceania (72) · Neobanks available in Latin America (113) · Neobanks available in Africa (92) · Neobanks available in MENA (85) · Neobanks with no card of their own (67)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.