“Can MPC-based self-custody become the default consumer crypto wallet — and is that the front door eToro needs to bridge investing and on-chain assets?”
Founded 2018 as KZen, ZenGo pioneered consumer MPC-based crypto wallets as a safer alternative to seed-phrase wallets and custodial exchanges. Between 2019 and 2023 it evolved from a free consumer wallet to a tiered product (Zengo Pro) with legacy/inheritance features and a broader multi-chain footprint. In April 2026, ZenGo was acquired by eToro, becoming the wallet layer for eToro's global crypto/investment stack.
ZenGo processes payments through Banxa, MoonPay, Transak and Onramper.
ZenGo's cards run on Visa.
ZenGo's crypto products run on Banxa, MoonPay, Transak, Onramper and ZenGo MPC (self-custodial, in-house).
The Embedded Finance Index 2026 maps 3 layers in ZenGo's stack: Payments / PSP (Banxa, MoonPay, Transak and Onramper); Card network (Visa); Crypto (Banxa, MoonPay, Transak, Onramper and 1 other).
ZenGo is founded in 2018 and headquartered in Tel Aviv, Israel.
ZenGo has raised $24M in total (latest round: Series A, 2021).
Get a read on where your own stack stands against ZenGo and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.