TechFlow reported on September 3 that, according to Yahoo Finance, Dubai-based fintech company Biptap has announced the completion of a $2 million Pre-Seed funding round. Founded in 2022, Biptap specializes in privacy-first offshore banking solutions. Investors in this round include multiple Web3 decentralized funds, a travel service provider with a network of 2.5 million hotels, a crypto technology company formerly owning a MotoGP racing team, and a former founder of a cryptocurrency investment fund.
Jonathan Low, CEO and founder of Biptap, said: "Our mission is to ensure financial privacy is not a privilege, but a right for everyone. Recent charges against Telegram founder Pavel Durov highlight the importance of safeguarding privacy rights." Low also noted that the funding will help the company enhance its product and expand its operations beyond Web3, ensuring all users can control their financial transactions with privacy at the core.
