# NBX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nbx

- Industry: Internet
- Headquarters: Alameda, US
- Website: www.nbx.com
- Total disclosed funding: $3M
- Latest round: Series A (Mar 15, 2006)
- Investors on record: 1

## About

NBX Inc. specializes in providing cryptocurrency trading services that streamline the process for users to buy, sell, and manage digital assets efficiently across global markets.Founded in 2004 and headquartered in Alameda, US, NBX Inc. operates as a cryptocurrency exchange. In March 2006, the company raised USD 3 million in Series A funding led by MK Capital. The founder’s previous experience is not available, and there are no mentions of any significant pivots in business strategy.NBX (Norwegian Block Exchange) offers a comprehensive suite of cryptocurrency trading services aimed at providing users with a seamless experience in buying, selling, and managing digital assets. The platform facilitates the quick acquisition of Bitcoin and other cryptocurrencies through its user-friendly interface, allowing both novice and experienced investors to trade effectively. Key functionalities include a quick buy and sell feature, low trading fees of 0.7%, and a cashback offering of up to 4% in Bitcoin through the NBX crypto credit card. NBX serves a diverse clientele, including individual investors and businesses looking to integrate cryptocurrencies into their financial portfolios. The platform is designed to cater to users across various geographical markets, including but not limited to Europe, thereby expanding its reach beyond its Norwegian origins.NBX generates revenue primarily through transaction fees associated with cryptocurrency trades and services. Each trade incurs a fee of 0.7%, which contributes to the overall revenue stream from individual and corporate clients engaging in buying and selling activities. The company also benefits from the issuance of its crypto credit card, which not only enhances user engagement but also solidifies additional revenue from cashback incentives linked to transactions. The business model encompasses both direct-to-consumer interactions and partnerships with various financial institutions, allowing for a streamlined processing of deposits in multiple currencies such as EUR, NOK, SEK, and DKK. Through this structured approach, NBX effectively capitalizes on the growing demand for cryptocurrency trading and related financial services.NBX plans to leverage the USD 3 million raised from its Series A funding in March 2006 to enhance its platform capabilities and expand its market presence. This funding will support upcoming product developments aimed at improving user experience and launching new features. Additionally, the company targets expansion into new markets across Europe, aiming for a broader customer base by 2024.

## Funding rounds

- Series A, Mar 15, 2006, $3M — MK Capital

## Investors

- MK Capital (https://capitalatlas.ai/funds/mk-capital) — Series A