Barcelona-based Nebeus, a company empowering digital nomads and marketplaces with payments, crypto, and card solutions, has secured €250M in institutional funding for its crypto-backed loan programme.
Nebeus caters to corporate and consumer clients, providing a secure service with a low-interest rate structure. This initiative allows individuals and businesses to leverage cryptocurrency assets for real-world financial opportunities, meeting the increasing demand for swift access to funds.
Nebeus’s loan process ensures customer liquidity within 2-7 days. The programme lets users unlock the value of crypto assets while preserving potential upside, aligning with the 2023 trend in blockchain-based lending.
An all-in-one finance app
Nebeus, an all-in-one finance app, integrates multi-currency payments, virtual IBANs, cutting-edge cards, and cryptocurrency services. The company, authorised and registered by the Bank of Spain, serves as a Cryptocurrency Custodian and is officially recognised as a VASP (Virtual Asset Services Provider).
Nebeus focuses on loan collateral security, using Bitgo to safeguard crypto holdings. With Bitgo being one of the world’s largest custodians with $64B in assets under custody, it enhances Nebeus’ commitment to providing a secure, reliable, and compliant financial solution.
The company claims to be working on expanding its Crypto loan offerings, catering to the increasing demand by including interest-only loans and bullet loans, providing customers with flexibility in choosing their loan type.
The story of Nebeus
Founded in 2014 by Sergey Romanovskiy, Nebeus claims that it initially emerged as one of the world’s first cryptocurrency platforms, concentrating on P2P crypto lending.
After several years in the P2P space, the company underwent a strategic shift in its business model, transitioning from P2P lending to centralised crypto-backed lending.
This transformation aligns with Nebeus’ mission to facilitate the integration of crypto assets into traditional finance, marking a significant evolution in its approach.
In 2019, Nebeus secured its initial venture capital funding. The following year, in 2020, the company raised €1M from 240 individual investors through an equity crowdfunding campaign on the Seedrs platform, backed by the British Business Bank’s Future Fund.
In 2022, Nebeus attained regulatory status and began offering its users electronic money accounts, enhancing its financial service portfolio.