This investment is the first step in Nebeus’s Series A to expand financial and crypto products and bridge the crypto and cash worlds.
Barcelona, 21 December 2020
Nebeus, a London & Barcelona-based fintech & crypto startup, has raised just under €1M through Seedrs and with support and investment from the British Government and their Future Fund. The raise will help Nebeus on its mission to bridge the gap between crypto and cash by allowing crypto-asset owners to access instant cash, financial services, and even earn using their crypto without selling it.
This new funding comes from a convertible loan crowdfunding campaign done on Seedrs, with 248 investors and matched funding from the U.K. taxpayer-funded Future Fund. This financing is the first in Nebeus’s Series-A round, which it hopes to close in 2021.
“Only a handful of ways exist that allow Crypto owners to use their crypto in everyday life. We built a platform that is changing this by allowing people who own crypto to access cash and financial services using their crypto and without selling it,” said Michael Stroev, COO & Head of Product at Nebeus.
Nebeus’s platform allows people to buy, sell, and exchange Crypto, but the main product is crypto asset-collateralized loans, with proprietary and integrated margin calls, health monitors, and volatility alerts. Using Nebeus, digital asset owners can access liquidity in the form of instant cash loans, up to 80% of their digital asset’s value, and with 0% interest. Nebeus users can even earn using their crypto by renting their crypto to Nebeus. And the platform doesn’t stop there, offering a suite of accompanying financial services for everyday use, allowing people to make international cash transfers, withdrawals and deposits at physical locations, and even mobile phone top-ups.
2020 has seen a shift in the crypto market, as people have been moving their Crypto investments from trading platforms and online wallets to platforms offering collateralized loans. The total market is now worth more than 20 billion dollars and has seen a 98% quarterly growth this year.
“We are already the industry leaders in terms of products and services that bridge crypto and cash. In 2021, we plan to go even further by integrating more ways to trade, earn, get loans, spend, and send. We aim to become the Revolut of Crypto,” said Michael.
To accompany its ambitious plans, Nebeus is applying for an Electronic Money Institution License in the United Kingdom. One of the leading consultancy and compliance firms in the UK, Compliancy Services, has partnered with Nebeus to support them in their application process. In 2021, Nebeus further plans to apply for an additional EMI License in Spain to comply with EU rules and regulations after Brexit.
“We are already secure and comply with all UK and EU regulations. Obtaining an EMI license will allow us to take our business’s financial services side to the next level, allowing our customers to use Nebeus as an online bank, and allowing us to compete on par with other challenger banks,” said Michael.
Nebeus is a fintech platform on a mission to bridge the gap between crypto and cash with instant crypto-backed loans and financial services. To achieve this, Nebeus offers a host of secure and compliant solutions allowing customers to borrow, earn, send, and receive cash and crypto with full security. Nebeus was founded in 2014 in England and has transacted over £30 Million to date, operating primarily in the UK and Europe.
Seamlessly and within minutes, customers can start earning using their crypto investments and get instant crypto-backed loans. Customers can send cash to more than 150 countries through Nebeus’s payment channels, VISA, and Mastercard integrations; transfer & deposit money at more than 230,000 retail locations & post offices; and much more. Nebeus is the smart way to borrow, earn, and spend in the digital age, helping thousands of customers put their digital assets to everyday use.