FreeBnk, a Lithuania-based supplier of a fintech app providing providers for crypto buyers, raised $3M in a mixed fairness and token funding.
Backers included Founderheads, ChaiTech Ventures, LVT Capital, and Lavender Capital.
The corporate intends to make use of the funds to assist ongoing analysis and improvement to create its app that enhances accessibility, safety, and customization, used particularly to the wants of these new to digital asset funding.
Led by CEO Yunus Emre Ozkaya, and CDO Arash Lowni, FreeBnk operates as a neobank providing reasonably priced providers for crypto buyers reminiscent of funding in fractional property possession, shares, bonds, and gold. It affords buying and selling gasoline fee-less crypto transactions globally, lending, and safe custody options because of MPC expertise backed by $30M insurance coverage protection.
Product options embrace:
- FreeBnk RealWorld: Customers can spend money on tokenized real-world property (RWAs), together with fractional property possession, shares, bonds, gold, and different bodily property by means of a unified, user-first interface.
- FreeBnk Crypto: Alongside gasoline fee-less cross-chain transfers, customers also can entry crypto buying and selling in 150 international locations with a number of on/off-ramp choices together with card and financial institution transfers.
- FreeBnk Switch: FreeBnk gives customers with a less expensive and quicker abroad fiat cash switch service using blockchain expertise.
- FreeBnk Pay: Via low transaction charges, FreeBnk affords retailers and customers a perfect various to conventional card and money funds.
- FreeBnk Lending: Customers can entry aggressive charges for mortgages, lending, and financial savings, making monetary providers extra reasonably priced for on a regular basis people.
- FreeBnk Protected: Problem-free entry to digital property by means of superior inheritance plans, complemented by sturdy crypto portfolio insurance coverage.
FinSMEs
03/07/2024
