intech Startups in Singapore-profiles

TenX

Fintech Startups in Singapore pl5
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About the company

The TenX aims to taking financial innovation to the next level. TenX makes it easy for you to buy, send, and spend bitcoin and cryptocurrency. Transition the world from old money to programmable money by providing global banking services built on top of crypto. Founded in 2015, Our founders believe that blockchain and cryptocurrency are the future of payments. They founded the company in 2015 with the vision of having assets on the blockchain, available not only to industry insiders but also to anyone in the world. Back then, we were called OneBit, focusing only on Bitcoin.

Incubated by PayPal in 2016

We received our first outside investment in 2016, which was also the time when PayPal started to incubate the company for further growth. We rebranded to TenX—a name inspired by not wanting to grow “one-bit” at a time anymore, but rather by “10x”—meaning ten times as much, covering the whole range of crypto space.

TenX Visa Card Launch in 2017

2017 was the year we first launched the TenX Visa Card. We were able to ship the first batches of cards to our community beginning in July 2017, up until our then card issuer had their partnership with VISA terminated in January 2018 due to

reasons unrelated to our business. The TenX Visa Card was re-launched in January 2019.

Buy Bitcoin launched in 2019

To make bitcoin more accessible to the masses, Buy Bitcoin was launched in the TenX app at the end of 2019. With simplicity and security as the guiding principles for this feature, it enabled users to buy and receive bitcoin immediately in their TenX Wallet. For users who have access to the full suite of services, their wallet balance is immediately spendable with a TenX Visa Card.

*This interview is covered by Swiftnlift Business Magazine

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