What VENCRO does

Vencro (legal entity: VENCRO SERVICES LLC, registered in Florida) operates an instant crypto-backed lending and high-yield savings platform serving individual crypto holders, traders, small businesses, and companies globally. Its core product set comprises crypto-collateralized loans priced from 5.9% APR, interest-bearing crypto and stablecoin savings accounts paying up to 8% and 12% APY respectively, a crypto debit card (Vencro Card) accepted at 40M+ merchants with 2% cashback, a multi-signature BitGo-custodied wallet, and a one-click crypto-fiat currency swap. The platform is built on a self-serve digital architecture with 256-bit encryption and uses BitGo qualified custody with $100M Lloyd's-insured cold storage; KYC is handled via Jumio and stablecoin/asset integrations extend to TrueUSD and Securitize for tokenized securities.

Vencro's business model is transaction-based: revenue is generated from the spread between interest charged on loans (5.9-6.5% APR) and yields earned on deployed assets, the spread between yields paid to savers (up to 8% crypto, 12% stablecoins) and returns earned on those deposits, FX swap spreads, and card interchange offsetting 2% cashback rewards. GTM is predominantly product-led with self-serve online registration and automated loan processing, complemented by an inside-sales touchpoint where a loan handler guides customers through approval. The company is privately held, with majority ownership residing with the founders of Credissimo, a European FinTech group that has served millions of customers for over a decade and provides the operational lending backbone.

The company claims 30K+ to 1M+ clients, $3-4B+ in processed volume over two years, and service availability in 50-200+ jurisdictions depending on the source page; the discrepancy between figures suggests some self-reporting inflation. Vencro has no disclosed institutional funding, no app presence, and a small team of 11-50 employees, with leadership consisting of CEO Miran Tadic, CTO Pedro Mejias, VP of Business Solutions Rached Ansberto, and Operations Manager Casas Rafael.

Name

VENCRO

Legal name

VENCRO SERVICES LLC

Website

https://vencro.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Vencro is a Florida-based, self-serve crypto lending and savings platform offering instant crypto-backed loans (from 5.9% APR), high-yield crypto and stablecoin savings (up to 12% APY), and a crypto debit card accepted at 40M+ merchants, serving individual crypto holders, traders, and small businesses globally under BitGo qualified custody.

Ownership category

akta.pro rank

Product category

Digital Lending & Crypto Banking

NAICS

Depository Credit Intermediation (5221)

SIC

Personal Credit Institutions (6141), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Crypto-Backed Consumer Loans (Secured) (FSADAFAG)

akta.pro secondary industries

Crypto-Backed Business / SME Loans (Secured) (FSADAFAH), Crypto Card Issuing & Card Programs (Debit/Credit/Prepaid) (FSADAIAC), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

Keywords

• Crypto-backed lending
• High-yield savings
• Crypto debit card
• Digital asset lending
• Fiat-crypto conversion

Headquarters

HQ city

Not specified

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Loan Interest: Interest charged on instant crypto loans at 6.5% APR (can start from 5.9% APR). One interest rate with flexible repayment options. Customers can repay with good standing to have the last fee waived.
2. Savings Interest Spread: Earns interest on crypto deposits (up to 8% APY) and stablecoin deposits (up to 12% APY), generating revenue from the spread between what is paid to savers and earned on lent assets.
3. Currency Exchange/Swap: Platform enables instant currency conversion between crypto and fiat at flat exchange rates, potentially earning spread on conversions.
4. Vencro Card Cashback Revenue: Generates revenue from merchant interchange fees when card is used at 40+ million merchants worldwide, offsetting the 2% cashback paid to customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Vencro is a fintech platform offering instant crypto-backed loans starting at 5.9% APR, high-yield crypto and stablecoin savings accounts paying up to 12% APY, and the Vencro Card, a crypto debit card enabling users to spend digital assets at merchants without selling them. The service operates in over 50 jurisdictions, supports 10+ fiat currencies, and combines lending, savings, payments, and currency swap into a single integrated platform.

Product overview

Vencro is a unified fintech platform offering instant crypto-backed loans and high-yield savings products. The core offering consists of an instant crypto lending platform (borrowing from 5.9% APR), high-yield savings accounts (earning up to 12% APY), the Vencro Card for spending crypto without selling, a BitGo-secured multi-signature crypto wallet, and a one-click currency swap service. Services are available in 10+ fiat currencies across 50+ jurisdictions. All products operate through a single integrated platform with military-grade security (256-bit encryption) and KYC verification.

Differentiator

Problem solved

Functional benefit

Brands

• Vencro Card: A crypto card that allows users to spend the value of their crypto without selling it, with 2% cashback, no fees, and acceptance at 40+ million merchants worldwide.

Products and services

• Instant Crypto Loans Crypto-collateralized loans allowing users to borrow fiat or stablecoins instantly without credit checks by pledging digital assets as collateral. Targeted at crypto holders seeking liquidity without selling their holdings.

Quantifiable outcome

• Earn over 6% APY on savings
• +6 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• BitGocoreTechnology or IntegrationBitGo is the leading digital asset financial services provider and qualified custodian for Vencro client funds. Holds $100M insurance protection through Lloyd's syndicate. Provides multi-signature cold storage wallets. Goldman Sachs-backed custodian, ensuring institutional-grade security for all client assets.
• JumiosupportingTechnology or IntegrationThird-party KYC verification provider used during account registration process. Customers receive a code from Jumio after identity verification which is entered in the Vencro dashboard for account approval.
• TrueUSDsupportingTechnology or IntegrationTrueUSD stablecoin supported on the Vencro platform for savings and transactions, enabling users to earn up to 12% APY on stablecoin holdings.
• SecuritizesupportingTechnology or IntegrationDigital securities platform integrated with Vencro for tokenized asset services, part of Vencro's ecosystem of financial service partners.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Compound: Decentralized money market protocol enabling crypto-collateralized lending and borrowing — overlapping use case with Vencro's loan product from a fully on-chain architecture.
• Aave: Decentralized lending protocol (DeFi) — competes with Vencro's crypto-backed loans via on-chain money markets, representing a non-custodial alternative for the same borrower need.

Regional players

• Bitstamp: European-anchored crypto exchange with lending and staking offerings — comparable regulatory footprint and cross-border servicing model to Vencro, though without a card product.

Broad incumbents

• Crypto.com: Large incumbent exchange offering crypto lending, a Visa card, and yield products — competes with Vencro across loans and card but as part of a much broader trading/DeFi ecosystem.
• Coinbase: Major US-regulated crypto exchange with staking, lending programs, and a Coinbase Card — competes with Vencro in lending and card rails from a publicly-traded, compliance-led position.
• Binance: Global crypto exchange offering crypto loans, staking/yield products, and a Binance Card — overlaps with Vencro on lending and card but operates at vastly greater scale and scope.

Others

• Celsius Network: Defunct CeFi lender offering crypto-backed loans and yield accounts — historically a direct competitor to Vencro and a cautionary benchmark for CeFi risk management and regulatory exposure.

Direct peers

• YouHodler: CeFi platform providing crypto-backed loans, stablecoin/crypto yield accounts, and a multi-currency crypto card — directly comparable on loan, savings, and card products.
• Nexo: Centralized crypto lender offering crypto-backed loans, high-yield savings, and a crypto debit card — the closest direct competitor to Vencro across all core product lines.
• Ledn: Crypto-backed lending and savings platform focused on Bitcoin-collateralized loans and high-yield savings accounts — overlapping core loan/savings proposition with Vencro.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

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 VENCRO