Beans
Beans B.V. is a Netherlands-based non-custodial digital wallet built on the Stellar blockchain, offering free international money transfers, multi-currency accounts, and DeFi yield (up to 10% APY) to consumers, freelancers, and unbanked users across 30+ countries via a mobile app, MoneyGram cash network, and merchant SDK.
- Company typePrivate
- Founded2022
- HeadquartersHengelo, Netherlands
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
What Beans does
Beans B.V. is a Netherlands-incorporated, privately-held fintech operating a non-custodial digital wallet built on the Stellar blockchain. Founded in 2022 and headquartered in Hengelo, the company distributes a mobile app (iOS and Android) that enables peer-to-peer international money transfers, multi-currency account management, and cryptocurrency holdings across fiat, stablecoins (USDC, EURC), and digital assets (BTC, ETH, XLM). The wallet architecture is non-custodial, with users retaining private keys locally and a weighted multi-signature recovery system (User Key 20, Recovery Key A 10, Recovery Key B 10) governing account restoration.
The product surface spans consumer remittance, DeFi yield generation through "Beans Earn" (up to 10% APY on EUR/USD balances via Blend Capital and Defindex, with yield sourced from Ultra Capital), cash pickup and deposit through an official MoneyGram integration covering 300,000+ locations in 200+ countries, and a B2B merchant SDK plus Stellar Disbursement Platform-powered bulk payments for businesses. The go-to-market is product-led, relying on app-store distribution, organic social, content marketing, and a 10%-for-six-months referral program targeting remittance corridors in South America, Africa, and Asia.
Revenue is generated from four streams: 1-2% fees on fiat deposits and withdrawals via third-party rails, yield spread retained from DeFi lending, B2B SDK transaction fees, and referral-program-funded bonuses. The company has no disclosed funding rounds, operates with 1-10 employees, and explicitly states it is not a bank or licensed payment service provider under Dutch law (no AFM/DNB supervision). Notable constraints include geographic restrictions excluding the United States and FATF high-risk jurisdictions. Key strategic assets include the MoneyGram partnership, Stellar ecosystem positioning (2x Community Fund winner), and the open-source JavaScript merchant SDK on npm and GitHub.
Beans firmographics
Firmographics- Name
- Beans
- Legal name
- Beans B.V.
- Website
- https://beansapp.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Beans B.V. is a Netherlands-based non-custodial digital wallet built on the Stellar blockchain, offering free international money transfers, multi-currency accounts, and DeFi yield (up to 10% APY) to consumers, freelancers, and unbanked users across 30+ countries via a mobile app, MoneyGram cash network, and merchant SDK.
- Ownership category
- akta.pro rank
Beans industry classification
Industry- Product category
- Cross-Border Payments & Digital Wallet
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)
- akta.pro secondary industries
- Yield Aggregators & Strategy Vaults (FSADAMAF), Stored Value Ledger / Wallet Infrastructure (Non-Bank) (FSAMANAM)
Keywords
Where Beans is headquartered
LocationHeadquarters
- HQ city
- Hengelo
- HQ country
- Netherlands
- HQ region
- Europe
Offices1 record
Markets served
Beans business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure, Supply Chain
Revenue model
- Deposit and Withdrawal Fees: Beans charges 1-2% fees on deposits and withdrawals through third-party partners (bank transfers, credit cards, MoneyGram cash services). Transfers between wallets within the platform are free.
- Beans Earn Yield Sharing: Yield generated from DeFi lending protocols is shared with users (up to 10% APY on EUR/USD balances). Beans retains a portion of the yield as platform revenue. Yield is provided by Ultra Capital through Blend Capital lending protocol.
- B2B Merchant SDK: Revenue from businesses integrating the Beans Business SDK for cross-currency payment processing. Businesses can accept payments in multiple currencies with instant conversion.
- Referral Program Incentives: Users earn 10% of referred friend's rewards monthly for up to 6 months. Both parties receive bonuses, with Beans funding the referral rewards from platform revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free international wallet-to-wallet transfers with competitive exchange rates and no hidden fees |
| Usage-based | Pay-as-you-go | Beans Earn savings with up to 10% APY on EUR and USD stablecoin balances |
| Transaction based/ take rate | Pay-as-you-go | Deposits and withdrawals through bank transfer, credit card, or MoneyGram |
| Transaction based/ take rate | Pay-as-you-go | B2B Merchant SDK for cross-currency payments |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
Beans product offering
Product offeringCore offering
Beans operates a non-custodial digital wallet mobile app built on the Stellar blockchain that lets users send, receive, store, and exchange money across 200+ currencies, fiat, stablecoins, and cryptocurrencies. The platform offers free wallet-to-wallet international transfers, DeFi-powered savings (Beans Earn) yielding up to 10% APY on EUR/USDC balances, and B2B merchant payment integration through an open-source SDK.
Product overview
Beans is a non-custodial digital wallet and fintech platform built on the Stellar blockchain, offering free international money transfers, multi-currency accounts, and DeFi-powered savings. The core Beans App serves as the central mobile wallet product, while Beans Earn and Beans Earn USDC & EURC provide yield generation up to 10% APY through Blend Capital/Defindex DeFi infrastructure with Ultra Capital as the yield anchor. The platform integrates MoneyGram for global cash access at 300,000+ locations, and offers business solutions through the Beans Business SDK (merchant QR payments) and Bulk Payments (Stellar Disbursement Platform). Additional features include peer-to-peer transfers, cryptocurrency trading (BTC, ETH, XLM, USDC, EURC), money request via QR codes, and a referral program. The product is positioned as a blockchain-based alternative to traditional remittance services with fee-free transfers.
Differentiator
Problem solved
Functional benefit
Products and services
- Beans App
Quantifiable outcome
- Save up to 4% in transfer fees compared to traditional remittance services
- +4 more outcomes
Companies that use Beans
Customer profileNamed customers1 record
Segments7 records
Ideal customer profiles5 records
Beans technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
Feature6 records
Beans partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- MoneyGramcoreExclusive partnership enabling instant cash deposits and withdrawals at MoneyGram locations worldwide. Beans users can deposit cash at MoneyGram agencies and withdraw cash at 300,000+ locations across 200+ countries. Cash pickup is done via USD and converted to local currency at the cash pickup location.
- AnclapcoreExchange Anchor partner for Argentina. Anclap issues stablecoins on Stellar and provides the CBU for Argentine users to deposit funds from local banks into their Beans accounts. Anclap receives funds on behalf of users and credits their Beans account after deducting processing fees.
- MyKobocoreIBAN provider partner for deposit services. MyKobo provides an IBAN that users can send money to, which is then credited to their Beans account with a 0.5% fee.
- CirclecoreUSDC stablecoin issuer. Beans supports USDC for transfers and Beans Earn balances. Circle's stablecoin infrastructure enables stable value storage and transfers.
- Ultra CapitalcoreYield Providing Anchor on Stellar. Ultra Capital issues yUSDC (yield-bearing USDC) and holds 1 USDC for every 1 yUSDC on platforms that generate yield. Provides the yield for Beans Earn feature.
- Blend CapitalcoreDeFi lending protocol built on Stellar blockchain. Beans Earn uses smart contracts from Blend Capital integrated via Defindex strategy layer to automate fund deployment and yield generation.
- Stellar NetworkcoreDistributed ledger network powered by open-source protocol. Beans is built on Stellar, enabling near-zero transaction fees (sponsored by Beans), instant transfers, and decentralized exchange functionality.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Beans competitors and assessment
Company assessmentDirect peers
- MoneyGram: Global remittance and money transfer network with 300,000+ agent locations. Both a Beans partner and a direct competitor in cross-border cash pickup, now also building its own digital wallet.
- WorldRemit: Digital remittance platform serving migrants sending money to mobile wallets, bank accounts, and cash pickup points in emerging markets — direct overlap with Beans' target corridors.
- Wise: Public cross-border payments platform offering multi-currency accounts and low-fee international transfers. Direct competitor to Beans in the consumer remittance corridor, though Wise is fully bank-licensed and custodial.
- Remitly: Digital remittance service targeting migrants sending money to emerging markets in Latin America, Africa, and Asia — directly overlapping Beans' primary customer segments and corridor strategy.
- Trust Wallet: Non-custodial multi-chain crypto wallet supporting thousands of assets and DeFi access. Comparable to Beans on wallet architecture (self-custody, multi-currency), though lacks the MoneyGram cash distribution layer.
- MetaMask: Leading non-custodial crypto wallet with self-custody keys and DeFi/integration ecosystem. Compares to Beans on the non-custodial wallet model, though MetaMask focuses on EVM chains and developer integrations rather than remittance.
Broad incumbents
- Western Union: Largest incumbent in cross-border money transfers with a global agent network. Competes with Beans in remittance corridors and is actively expanding digital wallet capabilities.
- PayPal (Xoom): Global digital payments giant operating Xoom for international remittances. Competes with Beans across cross-border consumer transfers and stablecoin-backed digital wallet functionality.
- Coinbase Wallet: Self-custody crypto wallet from a major US exchange, offering multi-asset storage, DEX integration, and DeFi yield via staking. Comparable to Beans on non-custodial architecture and yield-bearing stablecoin balances, but with deeper regulatory standing.
Emerging players
- Revolut: Multi-currency digital banking and remittance app with crypto and stock trading features. Compares to Beans on multi-currency accounts, in-app crypto exposure, and cross-border transfers, with a broader licensed banking stack.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Beans social profiles
Digital presenceBeans financial estimates
Financial estimateRevenue estimate
Valuation estimate
Beans leadership team
Management profileNumber of profiles
Profiles1 record
Beans funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Beans 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 Beans
What does Beans do?
Beans operates a non-custodial digital wallet mobile app built on the Stellar blockchain that lets users send, receive, store, and exchange money across 200+ currencies, fiat, stablecoins, and cryptocurrencies. The platform offers free wallet-to-wallet international transfers, DeFi-powered savings (Beans Earn) yielding up to 10% APY on EUR/USDC balances, and B2B merchant payment integration through an open-source SDK.
Is Beans a public or private company?
Beans is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Beans founded?
Beans was founded in 2022. It employs 1 to 10 people.
Where is Beans based?
Beans is headquartered in Hengelo, Netherlands, in the Europe region.
How does Beans make money?
Four revenue lines are on record. Deposit and Withdrawal Fees are the primary driver. The others are beans Earn Yield Sharing, B2B Merchant SDK and referral Program Incentives.
Who are Beans's main competitors?
Direct peers on record are MoneyGram, WorldRemit, Wise, Remitly, Trust Wallet and MetaMask. Broad incumbents are Western Union, PayPal (Xoom) and Coinbase Wallet. Revolut is listed as an emerging player.
Does Beans have an API?
Yes. Beans offers the Beans Business SDK for cross-currency payment integration. The SDK enables merchants to integrate QR-code based payment processing into webshops and physical POS systems. Features include instant transaction processing, free multi-currency transactions with automatic currency conversion, and integration via standard API calls compatible with platforms like WordPress and Shopify. The SDK is available as a JavaScript package on npm (beans-merchant-sdk). Source code is available in a public GitHub repository (github.com/Beans-BV/merchant_sdk_javascript). Developer documentation is at www.npmjs.com/package/beans-merchant-sdk.
What industry is Beans in?
Beans's product category is Cross-Border Payments & Digital Wallet. Its primary akta.pro industry code is FSAMAIAG, Multi-Currency Accounts, Wallets & IBAN Services, with a secondary code of FSADAMAF, Yield Aggregators & Strategy Vaults. Its NAICS code is 52321 and its SIC code is 6200.