The platform was officially founded in February 2022 and is based in Zug. nobank aims to simplify access to crypto investments and the decentralised (financial) world. In the pre-seed financing round, the founders raised CHF 1 million with a small group of national and international investors. In addition, nobank has received more than CHF 120,000 in grants and prize money since 2021.
Furthermore, nobank users can access financial products that enable crypto investments, such as interest rate products with an annual interest rate of up to 10%. In further development phases, nobank credit and debit cards are to be added, which offer a crypto-fiat bridge for everyday use, as well as other decentralised financial products and Web3 education.
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