Uber’s former Asia Pacific business head, Amit Jain, is planning a crypto startup called Zamp that has received funds from several high-profile entrepreneurs, including Uber chief executive Dara Khosrowshahi.
Zamp is building “banking and payments for the crypto economy”, according to its website. TechCrunch reports that the startup is working on a crypto payments platform that aims to help Web3 firms adopt crypto.
“Zamp is building at this intersection of crypto and fintech – helping businesses innovate and be at the forefront of consumer demand for digital assets, in a regulatory and compliant way across borders,” Zamp’s website declares, adding that the startup will have a “global market focus”.
Former SoftBank chief operating officer Marcelo Claure and Doordash chief executive Tony Xu have also made investments into Zamp. Additionally, former SoftBank and Facebook executive Kirthiga Reddy, Go-To Group chief executive Andre Soelistyo, Polygon co-founder Sandeep Nailwal and Coinbase board member Gokul Rajaram have participated in the round.
Zamp is currently looking for engineers to develop and evolve its architecture, infrastructure, tools and culture to speed up its engineering systems.
Jain left Uber in 2019 to join Sequoia Capital India, where he served as managing director until he resigned from his position in February this year. Jain was a part of Sequoia Capital’s growth-stage investment practice and was based out of Singapore.
In February, Sequoia Capital had tweeted that Jain was launching a startup with “massive potential” in an exciting category.
Sequoia Capital then said that Jain would stay with the firm for some time as an Entrepreneur in Residence.
Before joining Uber, Jain was the president at Rent.com, a housing classified site based in Los Angeles and also worked at TPG Capital as well as McKinsey & Company.