Gift Card Startup zeexs raises $12 million from Sonic Zhang

Zeex, an offshoot of the Israeli gift card startup Zeek Mobile Ltd has secured  $12 million from Chinese entrepreneur Sonic Zhang.

Zhang has committed to spending 25,000 ether, which is currently valued at about $12 million, to support  Zeex , saying he would become an early participant in Zeex’s upcoming cryptocurrency crowdsale.

Zeek lets shoppers pay with discounted gift cards enabling them to save money at hundreds of leading retailers.

Zeex said it plans to use the proceeds from the crowdsale to develop technology that would allow consumers to pay for everyday goods and services using cryptocurrency.

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