
Wallib
Wallib provides the easiest solution to buy bitcoin instantly.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
N/A | $50.0k | Seed | |
Total Funding | 000k |
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Wallib is a Colombian fintech company, founded in 2020 by Cristian Peñaranda (CEO) and Jesús Rodríguez (CTO), positioning itself in the digital financial services market by specializing in cryptocurrency transactions. The firm operates a digital wallet platform that enables users to buy, sell, save, and transfer Bitcoin and U.S. dollars. The business targets individuals and companies seeking to conduct international money transfers with minimal fees and rapid processing times, leveraging the Lightning Network for instantaneous transactions.
The company's primary service is a mobile and web application that simplifies access to Bitcoin and digital dollars. Users can fund their accounts through various local payment methods in Colombia, such as PSE, Nequi, and Daviplata, as well as international transfers. The platform's business model is B2C, focusing on providing a user-friendly interface for those without technical expertise in cryptocurrencies. Revenue is generated through undisclosed fees on transactions and potentially through premium plan subscriptions which offer higher cashback rates. Wallib also offers an Over-the-Counter (OTC) desk for institutional clients and high-net-worth individuals who require execution for large-volume trades off the public exchange.
A key product is the Wallib Visa debit card, which allows customers to spend their Bitcoin or dollar balances at any merchant that accepts Visa. This card features a cashback rewards program, offering up to 2% back on purchases in the form of Bitcoin (satoshis), with the percentage varying based on the user's subscription plan. This bridges the gap between digital assets and real-world spending. The platform emphasizes security, requiring identity verification with a photo ID and a selfie to protect user accounts from fraudulent activities. Having initially achieved 1,500 active users and transacted $300,000 in volume within its first year, Wallib is focused on expanding its services and geographical reach. Keywords: cryptocurrency wallet, Bitcoin exchange, digital dollars, international money transfers, fintech Colombia, Lightning Network, low-fee remittances, crypto debit card, spend Bitcoin, buy Bitcoin Colombia, digital asset platform, cross-border payments, peer-to-peer payments, financial software, OTC crypto trading, crypto for businesses, cashback rewards, neobank, stablecoin services, mobile payments