FreeBnk, a Lithuanian blockchain-based fintech company, has announced the successful completion of a $3 million funding round. This investment was led by Founderheads, with participation from several other key investors in the fintech space including ChaiTech Ventures, LVT Capital, and Lavender Capital. FreeBnk aims to use this funding to enhance its user interface and app experience, particularly for crypto newcomers. The company’s innovative approach to tokenized real-world assets (RWAs) and advanced financial services positions it as a gateway to financial empowerment, making blockchain investment more accessible and secure.
Founded by Yunus Emre Ozkaya and Arash Lowni, FreeBnk has quickly gained recognition for its suite of features designed to simplify and enhance the user experience in the crypto market. FreeBnk RealWorld allows users to invest in tokenized RWAs such as fractional property ownership, stocks, bonds, gold, and other physical assets through a seamless interface. Other notable features include gas fee-less cross-chain transfers, overseas fiat money transfers via blockchain, low-fee merchant payments, competitive mortgage and lending rates, and robust crypto portfolio insurance through advanced inheritance plans.
The company’s technology is underpinned by its multi-party computation (MPC) security, ensuring top-level protection for users’ digital assets. This security framework is further supported by $30 million in insurance coverage, reflecting FreeBnk’s commitment to safeguarding its users’ investments. Additionally, the company plans to enhance its customer service with round-the-clock in-app support, providing users with direct access to human representatives for quick and transparent solutions.
Yunus Emre Ozkaya, CEO of FreeBnk, says, “Our goal is to reduce the complexity that often intimidates users from entering the crypto sphere by offering a platform that provides a top user experience for our clients. First and foremost, we see ourselves as the pioneers in the RWA industry, as we built a product where real people can interact with physical assets, not just institutions. As the real estate market expands, we see substantial value in investors expanding their portfolios to include RWAs, benefiting from its inherent stability while enhancing their investment prospects.”
FreeBnk’s approach to fractional real estate investment is particularly notable, as it allows retail investors to diversify their portfolios with smaller capital requirements. By breaking down traditional barriers to real estate investment, the company enables more individuals to benefit from the stability and income potential of property ownership.
Sarunas Legeckas, General Partner of Founderheads, states, “We are thrilled to be a part of a project like FreeBnk that prioritizes greater user control over digital assets. In today’s changing financial sector, empowering users with the ability to manage their assets securely and freely is essential. FreeBnk’s commitment to decentralization aligns with our vision of reshaping how users interact with digital assets.”
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Read the orginal article: https://arcticstartup.com/freebnk-raises-3m/
