
Keabank
A fintech hub combining a neobank, crypto platform, and globally integrated yet locally tailored payment services.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | €0.0 | round | |
* | N/A Valuation: €10.5m | Angel | |
Total Funding | 000k |
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Keabank is a financial technology company positioning itself as a crypto-friendly neobank that provides a bridge between traditional (fiat) and digital (crypto) financial services. Founded in 2023 and based in Nicosia, Cyprus, the company caters to both corporate and individual clients, with a particular focus on those considered "underbanked" by traditional financial institutions. This includes businesses in sectors like cryptocurrency, travel, and retail that may be de-risked or underserved by conventional banks due to their perceived high-risk nature.
The company is led by CEO Mark Berkovich. In August 2024, Keabank secured a seed investment at a €10.5 million valuation from investor Mark Carnegie, who joined as a founding partner, bringing extensive experience in digital assets. This investment followed nearly a year of due diligence, signaling confidence in the company's model and team.
Keabank's core offering is a unified platform for managing both fiat and crypto assets. Services include corporate and individual accounts with dedicated IBANs, access to global payment networks like SWIFT and SEPA, foreign exchange (FX), and crypto exchange and custody. A key feature is its streamlined onboarding process, which allows clients to access multiple services through a single verification. In October 2024, the company launched what it calls a "Payment Intelligence" service, which integrates real-time transaction tracking, automated compliance, and multi-currency support into its core banking system to simplify global payments. The firm also recently integrated USD payment processing, further expanding its global capabilities.
Looking forward, Keabank is developing a "Synthetic Blockchain Neobank" concept, aiming to run its services entirely on blockchain technology within two to three years. This initiative intends to use smart contracts for enhanced transparency and store compliance data on the blockchain for improved security. A mobile application is also under development to provide clients with more accessible financial management tools. The company’s operational model is designed to be leaner and more cost-efficient than traditional banks, allowing it to offer lower fees.
Keywords: neobank, crypto-friendly banking, payment intelligence, fiat and crypto, corporate accounts, individual accounts, underbanked services, cross-border payments, SWIFT, SEPA, IBAN, digital assets, blockchain banking, Mark Berkovich, fintech, financial services, crypto exchange, crypto custody, forex, Cyprus startup, payment solutions, digital banking