Oobit

Oobit

Oobit is the easiest way to Invest, Manage and Spend cryptocurrency. Learn more

Launch date
Employees
Market cap
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Enterprise valuation
CAD136—205m (Dealroom.co estimates Feb 2024.)
Singapore Northwest (HQ)
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DateInvestorsAmountRound
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N/A

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N/A

$5.0m

Seed
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$25.0m

Series A
Total FundingCAD40.9m

Recent News about Oobit

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Oobit operates as a cryptocurrency platform that simplifies the process of buying, managing, and spending digital assets like Bitcoin, Ethereum, and Dogecoin. Catering to both individual and institutional clients, Oobit offers a user-friendly interface that allows users to purchase cryptocurrencies with as little as $30 using various payment methods, including bank transfers, credit, and debit cards. The platform supports 50 different currencies and is available in 140 jurisdictions, ensuring a broad market reach.

Oobit's business model revolves around transaction fees, referral programs, and potentially other financial services related to cryptocurrency management. The company places a strong emphasis on privacy and security, complying with stringent global KYC (Know Your Customer) and AML (Anti-Money Laundering) standards. All funds are protected by advanced security protocols, including 100% end-to-end secured crypto MPC (Multi-Party Computation) wallets and air-gapped custodian storage.

In addition to its core services, Oobit provides educational resources through guides and blogs to help users understand various aspects of cryptocurrencies, blockchain technology, and related financial topics. This comprehensive approach not only attracts new users but also retains existing ones by enhancing their knowledge and confidence in using the platform.

Keywords: cryptocurrency, Bitcoin, Ethereum, Dogecoin, secure transactions, KYC compliance, AML standards, multi-payment options, MPC wallets, air-gapped storage.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.