Lithuanian crypto app FreeBnk raises $3M in equity and token funding

FreeBnk, a Lithuania-based provider of the fintech app offering services for crypto investors, has raised $3 million in a combined equity and token funding. Investors included Founderheads, ChaiTech Ventures, LVT Capital, and Lavender Capital. The startup plans to use the funding to support its R&D efforts in creating the app.

  • Led by CEO Yunus Emre Ozkaya and CDO Arash Lowni, FreeBnk operates as a neobank offering services for crypto investors such as investment in fractional property ownership, stocks, bonds, and gold. It offers trading gas fee-less crypto transactions globally, lending, and secure custody solutions thanks to MPC technology backed by $30 miilion insurance coverage.

Its product line includes:

  • FreeBnk RealWorld: Users can invest in tokenized real-world assets (RWAs), including fractional property ownership, stocks, bonds, gold, and other physical assets through a unified, user-first interface.
  • FreeBnk Crypto: Alongside gas fee-less cross-chain transfers, users can also access crypto trading in 150 countries with multiple on/off-ramp options including card and bank transfers. 
  • FreeBnk Transfer: FreeBnk provides users with a cheaper and faster overseas fiat money transfer service utilizing blockchain technology. 
  • FreeBnk Pay: Through low transaction fees, FreeBnk offers merchants and consumers an alternative to traditional card and cash payments.
  • FreeBnk Lending: Users can access competitive rates for mortgages, lending, and savings.  
  • FreeBnk Safe: Hassle-free access to digital assets through advanced inheritance plans, complemented by crypto portfolio insurance.

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,

Yunus Emre Ozkaya, CEO of FreeBnk, says.

FreeBnk will use the $3 million in funding to continue updating its interface and app experience for crypto newcomers. Part of this includes round-the-clock in-app customer service, granting direct access to human representatives for quick and transparent solutions.