Zelcore Technologies Inc. Due Diligence
Run due diligence on Zelcore Technologies Inc.: check compliance and get alerts when suppliers change.
United States · zelcore.io · 6 vendors
Zelcore is a non-custodial multi-asset cryptocurrency wallet and Web3 gateway that enables users to store, manage, trade, buy, and sell digital assets across numerous blockchains. It provides full control over private keys and offers features like decentralized two-factor authentication for enhanced security. The platform aims to simplify the decentralized finance experience by offering a unified interface for various crypto activities.
Resilience scores
- Digital Sovereignty: 83
- Digital Resilience: 7
- Financial Resilience: 5
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Services catalogue
2 services in catalogue across 2 categories; runs on 6 sub-vendors.
- Authentication
- Digital Wallet
Insights
Last updated 2026-08-14 · revision 1
6 direct vendors, 118 subvendors
Direct vendors by controlling owner country (sample)
- United States: 5
- Japan: 1
Subvendors by controlling owner country (sample)
- Netherlands: 2
- United Kingdom: 1
- Spain: 1
Compliance
8 in-scope frameworks identified; showing 3.
Swiss Financial Market Supervisory Authority — No public evidence
Evidence: https://zelcore.io/terms, https://www.finma.ch/en/authorisation/fintech/blockchain-dlt/
FinCEN — No public evidence
Evidence: https://zelcore.io/terms, https://www.fincen.gov/resources/statutes-regulations/guidance/application-fincens-regulations-certain-business-models, https://zelcore.io/privacy-policy
ISO 27001 (source) — No public evidence
Evidence: https://zelcore.io, https://docs.zelcore.io/docs/security/best-practices/
Financials
Three-year financials
- 2024:
- 2023:
- 2022:
Financial Resilience Score: 5/10
Zelcore (a product of InFlux Technologies Limited) presents a mixed resilience profile constrained by zero financial transparency. On the positive side, the company operates a low-fixed-cost model with a 100% remote workforce, offers salary payment in crypto to reduce cash burn, and has diversified revenue rails including swap/exchange partner fees, on/off-ramp fees, staking fee shares, and the Zelcore+ premium subscription. The non-custodial wallet architecture materially reduces balance-sheet and regulatory risk relative to custodial peers (FTX, Celsius, BlockFi that have failed). Product longevity since 2018, a claimed 500,000 users, support for 100,000+ tokens across 80+ blockchains, and a steady weekly release cadence through 2024–2025 suggest sustainable engineering funding. However, resilience is difficult to score with confidence because no audited or public financial statements exist. The entity is not an SEC registrant, and statutory accounts under InFlux Technologies Limited have not been located. Revenue is highly exposed to the crypto cycle, regulatory tightening (EU MiCA, US Treasury travel-rule proposals) is intensifying, and the business is tightly coupled to the FLUX token ecosystem. The Terms of Service cap liability at USD 100, suggestive of a thin balance sheet or aggressive risk transfer, and the Careers page snapshot showing 'no open positions' may indicate a hiring freeze. Jurisdictional ambiguity between the 'Zelcore Technologies Inc.' brand and the Swiss-law-governed InFlux Technologies Limited adds counterparty uncertainty. A mid-range score reflects operational durability offset by opacity and cyclical risk.
Key strengths: Established product since 2018 with 500,000 users and 100,000+ tokens supported, 100% remote workforce and crypto-denominated salaries reduce fixed costs, Diversified revenue: swap fees, on/off-ramp fees, staking fee share, Zelcore+ premium, Non-custodial model reduces balance-sheet and regulatory risk vs. custodial peers, Independent security audit by Cure53, Steady weekly release cadence (v8.10–v8.18) through 2024–2025
Risk factors: Zero financial transparency: no published accounts, no audit, no disclosed runway, Revenue exposure to crypto cycle volatility, Regulatory tightening for non-custodial wallets (EU MiCA, US Treasury proposals), Tight dependency on FLUX token ecosystem value, Jurisdictional ambiguity between US 'Inc.' branding and Swiss-law entity, Liability capped at USD 100 in Terms of Service signals thin balance sheet, Careers page shows 'no open positions' — possible hiring freeze
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