Fintech startup Biptap raises $2 million in pre-seed funding

Biptap, a Dubai-based fintech startup specializing in privacy-centric offshore banking solutions, has successfully raised $2 million in a pre-seed funding round.

Founded in 2022, Biptap aims to democratize financial privacy, allowing individuals and businesses to manage their funds with enhanced control and security.

The funding round drew interest from a diverse group of prominent investors, including decentralized web3 investment funds, a travel facilitator with a vast hotel network, an encryption technology firm with a history in MotoGP Racing, and a former crypto investment fund founder. This investment is a significant milestone for Biptap, positioning it to make a notable impact on the financial landscape.

Biptap’s flagship offering is designed to provide privacy-first banking solutions on a global scale. The company’s platform allows users to manage their finances within a decentralized environment, prioritizing privacy and control for both individuals and businesses.