Beans

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.

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

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

• Cross-border payments
• Non-custodial wallet
• Remittance services
• DeFi yield savings
• Stablecoin transfers

Headquarters

HQ city

Hengelo

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Operations, Marketing or Sales, Personnel, Infrastructure, Supply Chain

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core 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

Named customers1 record

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core.

• MoneyGramcoreChannel Partner/ Reseller/ DistributorExclusive 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.
• AnclapcoreTechnology or IntegrationExchange 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.
• MyKobocoreTechnology or IntegrationIBAN 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.
• CirclecoreTechnology or IntegrationUSDC stablecoin issuer. Beans supports USDC for transfers and Beans Earn balances. Circle's stablecoin infrastructure enables stable value storage and transfers.
• Ultra CapitalcoreTechnology or IntegrationYield 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 CapitalcoreTechnology or IntegrationDeFi 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 NetworkcoreTechnology or IntegrationDistributed 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

Direct 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

• Xx.com/BeansApp
• GitHubgithub.com/Beans-BV/merchant_sdk_javascript
• YouTubeyoutube.com/@beansapp
• Facebookfacebook.com/beans.app.global
• LinkedInlinkedin.com/company/beans-bv
• Instagraminstagram.com/beansapp_

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Beans