Abu Dhabi, UAE & Warsaw, Poland, September 9, 2024 – IN1, a global fintech startup redefining financial management across fiat and cryptocurrencies, today announced the successful closure of its Seed funding round, raising $6 million from private investors. It marks a significant milestone in the company’s mission to simplify and unify financial management for users worldwide.
IN1 has built an innovative platform that integrates with other financial service providers, enabling users to manage all their cards and accounts within a single, user-friendly mobile app. The platform also offers fiat accounts for different currencies, a crypto wallet, and an all-in-one card, the world's first card for both fiat and crypto payments that allows a seamless switch between the two.
In addition to serving individual users, IN1 also offers its all-in-one integrated platform to other fintech companies and traditional banks worldwide, to help them unlock seamless integration of crypto and traditional assets.
The startup has already acquired a VASP license for crypto-asset trading and custody, meeting the highest standards of regulatory compliance and implementing advanced security measures to protect users’ funds.
It has secured strategic partnerships with leading financial institutions for card issuance, acquiring, IBAN management and traditional money transfers, as well as partnerships with technology providers, enhancing its platform capabilities and security.
The company’s leadership team consists of seasoned professionals with over 20 years of international experience in banking, fintech, brokerage, and digital currencies.
The new capital will finance the final stages of product development, currently in beta testing, and support the upcoming launch of the full Minimum Viable Product (MVP) for Europeans. Following this, IN1 plans to expand rapidly into the MENA region and Asia, targeting key international markets with a scalable platform designed to adapt quickly to local needs.
With its robust IT infrastructure, IN1 is set to rapidly expand its market presence and deliver unparalleled financial management solutions to users worldwide. The company’s forward-looking plans include the introduction of Roboadvising, an IN1 Hub with partner offers, and AI-powered personal finance management tools, all aimed at empowering users with financial growth opportunities.
"We are very dedicated to leading the digital finance revolution by creating a universally accessible, secure, and user-friendly mobile app that bridges the gap between traditional and digital currencies,” said Svitlana Monastyrska, Co-founder & CEO of IN1. “Our vision is to create a future where financial freedom, inclusivity, and transparency are the norms and everyone can seamlessly navigate and thrive in the evolving global economy. We invite you to join us on this journey and experience the future of finance.”
Ivan Herasymenko, Partner at Brainstorm, one of the investors in this round, expressed strong confidence in IN1's vision and potential, stating, "Investing in IN1 meant not only a substantial potential for high returns, but also a unique opportunity to be part of a company that is building more than just a financial tool, but a gateway to a new era of financial management."
