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YC-backed Blocknom wants to become the ‘Coinbase Earn of Southeast Asia’



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Blocknom, a crypto-earning platform in Y Combinator’s current batch, has aspirations to become the “Coinbase Earn for Southeast Asia.” Today the company announced it has raised $500,000 in pre-seed funding from Y Combinator, Number Capital and Magic Fund.
Blocknom’s co-founders, Fransiskus Raymond and Ghuniyu Fattah Rozaq say the app gives users a secure way (it partners with crypto infrastructure company Fireblocks) to get stable, high-yield interest of up to 13% per annum. It also enables users to withdraw their money at any time without fees.
The two founders met while working on an open source project in 2020, around the start of the pandemic. “We noticed during COVID, the crypto market is booming in Indonesia, while we …

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