FinTech Nebeus secures €955K via Seedrs’ equity crowdfunding campaign

By Megha Bhattacharya

London and Barcelona-based FinTech startup Nebeus has reportedly raised €955K through Seedrs along with support from the “Future Fund” of the British government. Nebeus’ platform allows users to buy, sell and exchange crypto. It offers crypto asset-collateralized loans, with proprietary and integrated margin calls, health monitors, and volatility alerts. The company also offers financial services such as international cash transfers, withdrawals and deposits at physical locations, and mobile phone top-ups.

The company aims to utilise the funds for boosting crypto-asset owners’ access to instant cash and financial services. The crowdfunding campaign took place on Seedrs and saw 248 investors joining the campaign, while funding came from the UK’s Future Fund.

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.”

Nebeus aims to apply for an Electronic Money Institution License in the United Kingdom, with further plans to apply for an additional EMI License in Spain to comply with EU rules and regulations after Brexit in 2021.