Biptap, a fast-growing fintech company, specialising in privacy-centric offshore banking solutions, has announced it has raised $2m in a pre-seed funding round.
Founded in 2022, Biptap is a Dubai-based fintech company offering offshore banking solutions with a focus on privacy. The company’s mission is to make financial privacy accessible to everyone, ensuring that individuals and businesses can manage their funds with full control and security.
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The round attracted prominent investors, including multiple web3 decentralised investment funds, a travel facilitator with a 2.5 million hotel network, an encryption tech firm formerly owning a MotoGP Racing team, and the ex-founder of a crypto investment fund. This funding marks a significant milestone for Biptap as it aims to make an impact in the financial landscape.
Bitptap’s primary focus is on delivering privacy-first banking solutions accessible to everyone
Biptap’s flagship offering is a privacy-first banking solution for individuals and businesses. It enables users globally to manage their finances in a decentralised environment.
Jonathan Low, CEO and Founder of Biptap, said: “This “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. 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.
“Looking forward, we aim to build a comprehensive suite of products that empower users to regain control over their financial privacy. 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 decentralisation.”
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By GlobalDataThe recent $2m funding will enable Biptap to broaden its market presence, extend its reach, and enhance its product offerings.
