London-based fintech startup Nebeus has raised €955K through crowdfunding platform Seedrs and with support from the “Future Fund” of the British government in December 2020. The latest funding is the first step towards Nebeus’s Series-A funding round, which it hopes to end in 2021.
Proceeds from the funding round will help the startup in accomplishing its mission to bridge the gap between crypto and cash by empowering crypto-asset owners to access instant cash, financial services, and even earn with the help of their crypto without selling it.
The crowdfunding campaign (based on a convertible loan) took place on Seedrs and had 248 investors joining the campaign, while matched capital came from the UK’s Future Fund.
Founded in 2014 by Konstantin Zaripov and Sergey Romanovskiy, Nebeus provides a platform to people where they can buy, sell, and exchange Crypto, but its main product is crypto asset-collateralized loans, with exclusive and integrated margin calls, health monitors, and volatility warnings. With the help of Nebeus, digital asset owners can access liquidity in the form of instant cash loans, up to 80% of their digital asset’s value with 0% interest. Users can even earn by renting their crypto to the startup. It also offers a suite of supplementary financial services for daily use, enabling people to make international cash transfers, withdrawals and deposits at physical locations, and even mobile phone recharges.
This year has seen a change in the crypto market as many people have been shifting their Crypto investments from trading platforms and e-wallets to platforms offering collateralized loans. In order to serve this evolving market and to go with its ambitious plans, Nebeus is now applying for an Electronic Money Institution License in the United Kingdom. In 2021, Nebeus also plans to apply for an additional EMI License in Spain to conform with EU rules and guidelines after Brexit.
Michael Stroev, the COO & Head of Product at Nebeus said very ways exist that allow Crypto owners to use their crypto in daily life. The team has built a platform that is changing this phenomenon by enabling people who own crypto to access cash and financial services using their crypto and without selling it. They claim to be the industry leaders in terms of products and services that connect crypto and cash. In 2021, they plan to go even further by assimilating more ways to trade, earn, get loans, spend, and send. He concluded by saying that Nebeus aims to become the Revolut of Crypto.
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