August 30, 2024
Biptap, a rapidly growing fintech company specializing in privacy-focused offshore banking solutions, has announced the successful raising of $2 million in a pre-seed funding round. This round saw participation from notable investors such as PG Group, CryptoDATA Tech, and Staynex. This funding milestone is significant for Biptap as it seeks to revolutionize the financial sector with its unique emphasis on privacy and control.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Biptap | $2M | August 30, 2024 | Pre-Seed Round | PG Group, CryptoDATA Tech, and Staynex | FinTech |
Founded in 2022 by Web3 advocate Jonathan Low, Biptap’s mission is to empower individuals by returning financial control to them. The company focuses on providing privacy-first banking solutions that are accessible to everyone, while also embracing the decentralization principles of Web3 technologies.
The $2 million funding will help Biptap expand its market presence, increase its reach, and improve its product offerings. This investment will support the development of new technologies that prioritize privacy and global accessibility. With a current user base of 40,000 and a transaction volume of $15 million, Biptap is set to transform financial management by integrating privacy with universal accessibility.
About Biptap
Biptap is a fintech company based in Dubai that focuses on providing privacy-centric offshore banking solutions. Founded in 2022, Biptap aims to give people more control over their financial privacy. They offer services that allow individuals and businesses to manage their finances securely and privately.
Website: https://biptap.com/
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About Investor
This round saw participation from notable investors such as PG Group, CryptoDATA Tech, and Staynex.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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