Let'sBit
Let'sBit (LB Finanzas) is a Rosario, Argentina-based mobile-first crypto bank founded in 2021, offering consumers and SMEs a unified app for crypto trading, 5,000+ global stocks/bonds, dollar accounts, stablecoin yield, bill payments, and US bank accounts under dual Argentine and US regulation.
- Company typePrivate
- Founded2021
- HeadquartersRosario, Argentina
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Let'sBit does
Let'sBit (commercial brand LB Finanzas) is a Rosario, Argentina-based mobile-first crypto bank founded in 2021 that operates a single-app platform combining traditional and digital financial services for Argentine consumers, PYMEs, and remote workers. Core offerings include peso and dollar accounts, crypto trading across BTC, ETH, USDT and 30+ additional assets, access to 5,000+ global stocks and bonds, stablecoin yield accounts (~4% APY), bill payments, US bank accounts, and a Mastercard debit card. The platform is distributed via native iOS and Android apps with self-serve onboarding and supported by a Help Center / FAQ layer. Underpinning the offering are dual-jurisdiction regulatory authorizations — Argentine oversight through CNV, BCRA and UIF via brokerage subsidiary Cruzando Fronteras S.A., and US oversight through SEC, FINRA and FINCEN under LB Labs LLC — which together enable cross-border USD/crypto distribution.
The business monetizes through a freemium, product-led growth model: most core wallet and payment services are free, with revenue generated from low per-transaction investment commissions (0.1% on SGOV assets, 0.3% on other assets), a one-time account-opening fee (~ARS 1,000) for premium investment and US account tiers, and pass-through blockchain network fees on crypto withdrawals. In October 2023 the company extended the consumer product with a Business Platform for PYMEs and startups that adds treasury management, international payments, and SGR-backed SME financing. The company is venture-backed at the pre-seed stage, with Angel Ventures leading the March 2022 round and The Fintech Fund (October 2022, US$100,000) and Primary Ventures (January 2024) participating in subsequent undisclosed or small rounds, and has signaled geographic expansion into Peru as its first cross-border market beyond Argentina.
Technically, the stack is described as a unified mobile banking and brokerage front-end layered over licensed financial infrastructure: an Argentine-licensed brokerage (Cruzando Fronteras S.A.), a US-regulated entity (LB Labs LLC), and blockchain-based custody and on-chain transaction rails supporting the crypto wallet. The platform does not present any proprietary AI/ML components, custom models, or data flywheel in the disclosed material; technology differentiation rests on multi-jurisdiction licensing, broad asset coverage, and integration breadth rather than AI capabilities.
Let'sBit firmographics
Firmographics- Name
- Let'sBit
- Legal name
- LB Labs LLC
- Website
- https://letsbit.io
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Let'sBit (LB Finanzas) is a Rosario, Argentina-based mobile-first crypto bank founded in 2021, offering consumers and SMEs a unified app for crypto trading, 5,000+ global stocks/bonds, dollar accounts, stablecoin yield, bill payments, and US bank accounts under dual Argentine and US regulation.
- Ownership category
- akta.pro rank
Let'sBit industry classification
Industry- Product category
- Digital Banking / Crypto Bank
- NAICS
- Depository Credit Intermediation (5221), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
- akta.pro secondary industries
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), B2B Crypto Payouts, Mass Payments & Treasury Disbursements (FSADAIAF), Tokenized Bank Deposit & Commercial Bank Money Issuers (FSADADAB)
Keywords
Where Let'sBit is headquartered
LocationHeadquarters
- HQ city
- Rosario
- HQ country
- Argentina
- HQ region
- Latin America
Offices2 records
Markets served
Let'sBit business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Investment Commissions: Commission fees charged on investment operations: 0.1% for SGOV assets and 0.3% for all other assets including stocks, bonds, and other securities
- Account Fees: One-time fees for account opening: $1000 Argentine pesos for investment account (reimbursed on first operation) and $1000 Argentine pesos for US account (one-time payment, free maintenance)
- Crypto Network Fees: Network commissions charged only for cryptocurrency withdrawals to cover blockchain validator fees; LB does not retain these fees
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free Core Account - No fees for basic wallet services |
| One time/ perpetual license | Multi-year contract | Investment Account - Access to US stocks and bonds |
| One time/ perpetual license | Multi-year contract | US Account - USD account for international transfers |
| Freemium | Pay-as-you-go | Mastercard Card - Physical and virtual card |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels9 records
Let'sBit product offering
Product offeringCore offering
Let'sBit operates a unified mobile-first digital wallet (LB Finanzas) that combines traditional banking with crypto and investment services. It enables individuals and SMEs to buy/sell dollars 24/7, trade 30+ cryptocurrencies, invest in 5,000+ global stocks and bonds, earn daily yield on pesos and stablecoins (approximately 4% annually), access a US bank account for ACH/Wire USD transfers, and pay 6,500+ bills, all within a single iOS/Android app regulated in Argentina and the US.
Product overview
LB Finanzas (Let'sBit) is a unified digital wallet and crypto bank platform operating as a single mobile application that combines multiple financial services for both individuals and businesses in Argentina. The platform integrates core products including a digital wallet supporting pesos and dollars, cryptocurrency trading (BTC, ETH, USDT, 30+ cryptos), investment in over 5,000 international stocks and bonds, a rewarded account with daily yields (~4% annual on stablecoins), dollar purchases without restrictions, a US bank account for international transfers, bill payment for 6,500+ services, arbitrage trading, and a comprehensive business account suite covering treasury management, international payments, and SME financing. The offering is accessible via iOS and Android apps, with all products supervised by Argentine regulators (CNV, BCRA, UIF) and US regulators (SEC, FINRA, FINCEN).
Differentiator
Problem solved
Functional benefit
Products and services
- LB Finanzas Digital Wallet (Billetera Virtual) Unified mobile-first digital wallet and crypto bank platform that combines peso/dollar accounts, crypto trading, stock and bond investing, daily-yield savings, US bank account access, and bill payment into a single iOS/Android application for individuals and SMEs in Argentina.
- Acciones (Stocks and Bonds Investment) Investment service allowing users to invest in over 5,000 stocks and bonds from companies worldwide, accessed via a US investment account through the LB Finanzas mobile app, with commissions of 0.1% on SGOV assets and 0.3% on other assets.
- Criptomonedas (Cryptocurrency Trading) Platform for buying and selling cryptocurrencies including BTC, ETH, USDT and over 30 other crypto assets, with minimum investments starting at 10 pesos, no minimum amounts required, and no hidden commissions.
- Cuenta en EEUU (US Account) US bank account that enables users to deposit or transfer USD from abroad via ACH or Wire transfers, facilitating low-cost USD receipts for Argentine users including remote workers and businesses.
- Cuenta Remunerada (Rewarded / Yield Account) Interest-bearing account offering daily earnings on Argentine pesos or stablecoins (approximately 4% annual yield on stablecoins), with funds available for withdrawal at any time without interrupting the investment.
- Dólares (Dollar Purchase Service) Service for buying and selling US dollars 24/7 without restrictions, allowing instant transfers to the user's bank account without waiting periods typical of MEP dollar operations.
- Pago de servicios (Bill Payment) Service allowing payment of over 6,500 bills and services directly from the LB Finanzas mobile phone app.
- Arbitraje (Arbitrage Trading) Trading service that allows users to operate with the best market exchange rate quotes for arbitrage operations across different dollar rates.
- Cuenta Empresa (Business Account) Free business account designed for Argentine SMEs and Startups to manage company finances 100% digitally, including treasury management and international payments.
- Pagos Internacionales (International Payments for Business) Service enabling SMEs to transfer funds abroad or make local payments in foreign currencies at low commissions.
- Gestión de Tesorería (Treasury Management for Business) Investment tool for SMEs to invest excess pesos and dollars for optimal treasury management via the business account.
- Financiamiento Pymes (SME Financing) Liquidity access solution for SMEs backed by SGR (Sociedad de Garantía Recíproca) that enables business growth financing.
- Tarjeta Mastercard (Mastercard Card) Physical and virtual Mastercard card enabling purchases with the balance held on the LB Finanzas platform, with no activation or maintenance costs.
Quantifiable outcome
- Up to 4% annual yield on stablecoin savings
- +4 more outcomes
Companies that use Let'sBit
Customer profileSegments4 records
Ideal customer profiles4 records
Let'sBit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Let'sBit partnerships and signals
Strategic signalScale indicators6 records
Recent moves6 records
Expansion highlights6 records
Let'sBit competitors and assessment
Company assessmentDirect peers
- Mercado Pago: MercadoLibre's fintech arm offering digital wallets, payments, credit, and investment products across Argentina and LatAm; the dominant incumbent competing for the same unified bank+crypto consumer and SME use cases Let'sBit targets.
- Ualá: Argentine neobank providing a multi-currency prepaid card, payments, savings, and credit products via mobile app; directly comparable in customer base (Argentinian consumers/PYMEs), product scope, and mobile-first distribution model.
- Buenbit: Argentine crypto fintech offering crypto trading, dollar/stablecoin savings, and yield products to retail users; overlaps directly with Let'sBit's crypto trading, stablecoin yield, and dollar access products in the same Argentine market.
- Lemon Cash: Argentine crypto fintech offering crypto trading, payments, and a Mastercard card via a mobile app; directly comparable in target segment (Argentine crypto-native consumers), product mix (crypto + card), and freemium positioning.
- Ripio: Regional crypto exchange and fintech offering trading, OTC, DeFi yield, and a card across multiple LatAm markets including Argentina; competes on the same crypto trading + yield + payment wedge and has broader geographic reach.
- Naranja X: Argentine digital bank and wallet (part of Tarjeta Naranja group) targeting consumers and SMEs with accounts, cards, payments, and loans; directly comparable mobile-first digital banking offering for the same customer base.
- Belo: Argentine crypto-native fintech offering crypto trading, dollar savings via stablecoins, and payments; competes directly with Let'sBit in the Argentina crypto+banking wedge for retail users.
- Satoshi Tango: Long-standing Argentine crypto exchange offering trading and OTC services; overlaps with Let'sBit's crypto trading and brokerage activities for the same Argentine retail and arbitrage audience.
- Brubank: Argentine 100% digital bank offering accounts, cards, payments, and personal loans via mobile app; comparable in mobile-first digital banking model and target Argentine consumer/SME customer base.
Broad incumbents
- Binance: Global crypto exchange with the deepest liquidity, widest coin selection, and global brand; competes with Let'sBit on crypto trading and yield for Argentine users but lacks the licensed brokerage and US banking integration Let'sBit offers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Let'sBit social profiles
Digital presenceLet'sBit compliance and trust
Trust signalCompliance6 records
Let'sBit financial estimates
Financial estimateRevenue estimate
Valuation estimate
Let'sBit leadership team
Management profileNumber of profiles
Profiles1 record
Let'sBit funding detail
Funding detailFunding overview
Funding rounds3 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Let'sBit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Let'sBit
What does Let'sBit do?
Let'sBit operates a unified mobile-first digital wallet (LB Finanzas) that combines traditional banking with crypto and investment services. It enables individuals and SMEs to buy/sell dollars 24/7, trade 30+ cryptocurrencies, invest in 5,000+ global stocks and bonds, earn daily yield on pesos and stablecoins (approximately 4% annually), access a US bank account for ACH/Wire USD transfers, and pay 6,500+ bills, all within a single iOS/Android app regulated in Argentina and the US.
Is Let'sBit a public or private company?
Let'sBit is a private company. It is classified as venture growth investor backed and is currently operating.
When was Let'sBit founded?
Let'sBit was founded in 2021. It employs 11 to 50 people.
Where is Let'sBit based?
Let'sBit is headquartered in Rosario, Argentina, in the Latin America region.
How does Let'sBit make money?
Three revenue lines are on record. Investment Commissions are the primary driver. The others are account Fees and crypto Network Fees.
Who are Let'sBit's main competitors?
Direct peers on record are Mercado Pago, Ualá, Buenbit, Lemon Cash, Ripio, Naranja X, Belo, Satoshi Tango and Brubank. Binance is listed as a broad incumbent.
Does Let'sBit have an API?
No public API is recorded for Let'sBit.
What industry is Let'sBit in?
Let'sBit's product category is Digital Banking / Crypto Bank. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services, with a secondary code of FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets). Its NAICS code is 5221 and its SIC code is 6199.