Nebeus, a London and Barcelona-based fintech startup, has just raised €955K through Seedrs and with support from the “Future Fund” of the British government. The fresh capital 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 by using their crypto without selling it.
The crowdfunding campaign (based on a convertible loan) took place on Seedrs and saw 248 investors joining the campaign, while matched funding came from the UK’s Future Fund. Founded in 2014, this financing is the first step towards Nebeus’s Series-A funding round, which it hopes to close in 2021.
Michael Stroev, the COO & Head of Product at Nebeus stated: “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. 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.”
The Nebeus 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 is also 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.
This year has seen a shift in the crypto market, as many people have been moving their Crypto investments from trading platforms and online wallets to platforms offering collateralized loans.
To serve this growing market and to accompany its ambitious plans, Nebeus is now applying for an Electronic Money Institution License in the United Kingdom. In 2021, Nebeus further plans to apply for an additional EMI License in Spain to comply with EU rules and regulations after Brexit.