We are happy to announce that Biptap, our rapidly growing fintech company focused on privacy-centric offshore banking solutions, has successfully secured $2 million in a pre-seed funding round. This achievement was made possible by the support of our esteemed investors, including multiple web3 decentralized investment funds like DeGods X+ and PG Group, Staynex (a travel facilitator with a network of 2.5 million hotels), CryptoData (an encryption tech firm with a history in MotoGP Racing), and Su Zhu (ex-founder of 3AC and current founder of OxFun).
Since being founded in 2022 by web3 advocate Jonathan Low, Biptap has been dedicated to returning financial power to the people. Our mission is to provide privacy-first banking solutions that are accessible to everyone, while embracing the principles of decentralization appreciated in Web3 technologies.
Our flagship product is a privacy-first offshore banking solution tailored for both individuals and businesses. We empower users worldwide to manage their finances in a decentralized environment, reflecting our belief that privacy is a fundamental right.
“Our mission is to ensure that financial privacy is not just a privilege but a right for everyone. The recent charges brought against Pavel Durov, founder of Telegram, underscore the critical need for advocates to stand up for privacy rights,” said Jonathan Low, CEO and Founder of Biptap. “This investment will help us enhance our product and expand our reach beyond the Web3 space, ensuring that all users can control their financial transactions with privacy at the core.”
The $2 million funding will enable us to expand our market presence, extend our reach, and enhance our product offerings. This investment will support the development of new technologies that emphasize privacy and global accessibility. With a current user base of 40,000 and a transaction volume of $15 million, we are well on our way to transforming financial management by integrating privacy with global accessibility.
“Looking forward, we aim to build a comprehensive suite of products that empower users to regain control over their financial privacy,” added Jonathan Low. “We’re excited about the potential to make a meaningful impact in the fintech space and provide solutions that align with the core principles of privacy and decentralization.”
