Neobanking app enfineo claims it can bridge traditional finance with cryptocurrencies
Startup enfineo is building an alternative to your usual cryptocurrency wallets with a focus on traditional banking and finance. enfineo guarantees that the platform seamlessly integrates conventional banking with the dynamic world of cryptocurrencies, allowing users to manage their savings accounts, cryptocurrencies such as Bitcoin, Ethereum and other membership cards in one place without extra efforts and cost.
Fully compliant with MiCa regulations, the startup recently raised over $3 million in funding rounds led by a series of crowdfunding and retail investors.
The company aims to remove the complexity from payments all-together, may it be fiat or crypto, as it introduces ‘web3’ elements such as decentralised finance (DeFi), tokenized loyalty programs and more into its very own neo-bank. Clients can create an account using enfineo in a couple of minutes, with a very easy to follow KYC process. They get a current account with an IBAN and an account number, as well as a web3 cryptocurrency wallet – both which are aimed to seamlessly integrate with each other.
enfineo recently started issuing Mastercard debit cards and aims to roll out its own debit cards that will work with Apple Pay and Google Pay. The startup doesn’t charge any foreign transaction fees on top of Mastercard’s exchange rate. Once the cards are rolled out and the user makes a purchase on their card, they’ll receive a push notification on their phone in just a few seconds.
In other words, enfineo ticks all the right boxes when it comes to providing the basic banking features, with a combined benefit of allowing users to navigate through the crypto regulatory landscape at ease. “We’re providing some of the best features from Revolut as well as crypto
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