General Interest - Future Consideration
Xapo BankSalary not specified
- Full Time
- Entry Level & New Grad
About Xapo Bank
Xapo provides digital banking services that focus on managing and storing money using Bitcoin and other cryptocurrencies. The platform allows users to buy Bitcoin, store it securely in ultra-secure Vaults, and manage their funds easily through a user-friendly app. Xapo is designed for both individuals and businesses, offering a fast and secure way to send and receive money globally, making it particularly useful for cross-border transactions. Unlike traditional banks, Xapo emphasizes high-security measures and accessibility, catering to users in both developed and developing countries. The company's goal is to democratize money and empower people by breaking down financial barriers and creating new opportunities for everyone.
Palo Alto, CaliforniaHeadquarters
2014Year Founded
$38.9MTotal Funding
ACQUISITIONCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees
Benefits
Fully remote
Flexible schedule
Flexible PTO
Learning & development budget
Risks
Regulatory scrutiny on stablecoins could impact Xapo's operations.
Bitcoin's volatility may affect Xapo's customer base and transaction volumes.
Reliance on the Lightning Network could pose challenges if technical issues arise.
Differentiation
Xapo Bank offers a unique combination of Bitcoin wallet and cold storage vault.
It is the first licensed bank to integrate USDC and USDT payment rails.
Xapo Bank provides near-instant Bitcoin payments through Lightning Network integration.
Upsides
Integration with SEPA expands Xapo's Euro transaction capabilities in Europe.
The 'Stocks' feature offers new investment opportunities, enhancing user engagement.
Xapo's stablecoin services appeal to users in emerging markets seeking banking alternatives.
Funding
Total raised$38.91 M
Latest valuation$100.00 M
StageACQUISITION
ACQUISITION
7/31/2019$55