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2024/11/21 18:33 – Deblock, a groundbreaking fintech startup merging traditional finance with the security and flexibility of Web3, has announced the successful closure of a $16.8 million seed funding round. This latest investment, led by Headline (formerly e.ventures) with participation from Hoxton Ventures, 20VC, Chalfen, and other investors, follows a previous seed round of €12 million secured in October 2023. This brings the total seed funding raised to approximately $28.8 million. The funding will fuel Deblock's mission to empower users with complete control over their digital and fiat assets through a unique hybrid platform combining a non-custodial wallet with a full-featured current account.
Deblock's innovative platform offers users the ability to seamlessly deposit, withdraw, spend, and exchange both euros and cryptocurrencies. Key features include:
- Non-Custodial Wallet: Users retain full control of their private keys, ensuring true ownership and security of their digital assets.
- Integrated Current Account: Provides users with a traditional IBAN, facilitating instant transfers, virtual and physical cards, and support for multiple currencies at competitive exchange rates.
- Seamless Crypto Integration: Enables unlimited crypto deposits and withdrawals, as well as seamless conversion between crypto and EUR based on user needs.
- Commission-Free Buying (Native Plan): Offers unlimited and perpetual commission-free transactions within the Deblock ecosystem.
- 24/7 Live Support: Provides multilingual support to assist users with any questions or issues.
"We believe that the future of finance lies in empowering individuals with true ownership and control over their assets," said Jean Meyer, CEO and co-founder of Deblock. "This funding allows us to accelerate our development and bring our vision of a seamless hybrid financial experience to users globally."
Deblock was founded in August 2022 by a team of experienced fintech and crypto professionals, including:
- Jean Meyer: CEO, formerly Head of Cryptocurrency at Revolut
- Aaron Beck: Head of Payments, formerly Head of Payments at Revolut
- Mario Eguiliuz: Head of Engineering, formerly Head of Engineering at Ledger
The company is registered as a Digital Asset Service Provider (DASP) with the Autorité des Marchés Financiers (AMF) in France (number E2023-081) and holds an Electronic Money Institution (EMI) license from the Autorité de Contrôle Prudentiel et de Résolution (ACPR) (Bank Code: 17748). These licenses demonstrate Deblock's commitment to regulatory compliance and user safety.
About the Investors:
- Headline: A global venture capital firm investing in early-stage technology companies.
- Hoxton Ventures: A European venture capital firm focused on early-stage technolog investments.
- 20VC: A global venture capital firm founded by Harry Stebbings.
- Chalfen: A venture capital firm.
About Deblock:
Deblock is a fintech startup revolutionizing the financial landscape by merging the benefits of traditional banking with the security and flexibility of Web3. The company's hybrid platform provides users with a non-custodial wallet and a full-featured current account, empowering them with complete control over their digital and fiat assets. Deblock is headquartered in Lille, France.
Compiled by CMO Intern team
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