where is nexo based
throughout Switzerland). Nexo is a blockchain-based, cryptocurrency-backed loan system created by European FinTech company Credissimo. ._2a172ppKObqWfRHr8eWBKV{-ms-flex-negative:0;flex-shrink:0;margin-right:8px}._39-woRduNuowN7G4JTW4I8{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:12px;padding-top:12px}._3AOoBdXa2QKVKqIEmG7Vkb{font-size:12px;font-weight:400;line-height:16px;-ms-flex-align:center;align-items:center;background-color:var(--newCommunityTheme-body);border-radius:4px;display:-ms-flexbox;display:flex;-ms-flex-direction:row;flex-direction:row;margin-top:12px}.vzEDg-tM8ZDpEfJnbaJuU{color:var(--newCommunityTheme-button);fill:var(--newCommunityTheme-button);height:14px;width:14px}.r51dfG6q3N-4exmkjHQg_{font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between}._2ygXHcy_x6RG74BMk0UKkN{margin-left:8px}._2BnLYNBALzjH6p_ollJ-RF{display:-ms-flexbox;display:flex;margin-left:auto}._1-25VxiIsZFVU88qFh-T8p{padding:0}._3BmRwhm18nr4GmDhkoSgtb{color:var(--newCommunityTheme-bodyText);-ms-flex:0 0 auto;flex:0 0 auto;line-height:16px} I thought that they are trying to hide where they are really located. ._3K2ydhts9_ES4s9UpcXqBi{display:block;padding:0 16px;width:100%} NEXO Card and any remaining value will expire on the third anniversary of the date of vehicle purchase or lease, unless the maximum value is reached earlier. The Nexo Ltd. (or "Nexo AG" / "Nexo Aktiengesellschaft" in german) is a simple mailbox company. The US-based crypto firm stated in an April 5 blog that the meritless lawsuit … Nexo is a blockchain-based overdraft system that allows users to make instant crypto loans. This is a public information and we were always happy to share it with our clients. For example look at cryptocom - they are all over the place, the dude is like Polish but lives in China... Don't think they're based in one place basically. Nexo is the world's leading regulated institution for digital assets. https://ariregister.rik.ee/mobile/mobile?lang=eng&search_save=Nexo&ark=14520507. Frequency of Dividends /*# sourceMappingURL=https://www.redditstatic.com/desktop2x/chunkCSS/TopicLinksContainer.361933014be843c79476.css.map*/. Nexo pays 30% of its company profits to NEXO token holders based on how much of the token they hold. Since 2018, Nexo has processed $30+ billion for 1,000,000+ users. In the tweet mentioned at the beginning, nexo wrote that it is run by three managing partners. Where is your main office. Our investigation into popular crypto-backed lender NEXO, which uses bitcoin, ether, XRP and other major cryptocurrencies as “collateral” in order to extend nearly instant fiat-denominated loans to … We also had outsourced customer support to India and Latvia, design was in Romania for example... CS was to always give our US or UK address when somebody asked, coz like for all legal purposes that's like where the customers had to address for anything from insurance, to formal complaints, to requesting reimbursements etc... For like Nexo, well Antoni is Bulgarian and he's the manager, so I assume he must have a team there also. Nexo faces lawsuit for liquidating $5m in client collateral amid XRP delisting. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines, a high-yield Earn on Crypto & Fiat suite, Send & Pay capabilities, and sophisticated trading & OTC services, all while providing the top-tier custodial insurance and military-grade security of the Nexo Wallet. So it was demonstrably their four. I just find it strange that they don't tell it explicitly. i think its from bulgaria and i dont think its a red flag as long as they do there job and they delivered. It also has no office space in Zug and is based with a classic provider of letterbox companies. It has over $4 billion in assets under management. NEXO is marketed as an SEC-compliant token, although it is not registered with the SEC. There is only 1 mention of Nexo on Credissimo here (inside a PDF Document hidden away): https://credissimo.com/downloads/Credissimo_one_page_presentation.pdf where it says "it is Powering Nexo". Thing is dude, like I work in the travel industry (bad year for me, lucky I wasn't fired) and we had also many different companies around the world as an international tour operator. We are regulated in Estonia, Switzerland, Cayman Islands. I am sure clarification on these questions, would build investor trust in the company and enable inflow of more significant funding. United States-based crypto lending platform Nexo is dealing with a class-action lawsuit over suspension of XRP providers on Dec. 23, Nexo faces lawsuit for liquidating $5m in client collateral amid XRP delisting … Thank you so much. nexo FAST is based on EMV Chip and PIN technology and describes unambiguously the financial application on a terminal which is compliant to the SEPA Cards Framework (SCF) of the European Payments Council (EPC) and also meets the functional requirements in the SEPA Cards Standardisation Volume Book of Requirements. The XRP Aftermath Hits Nexo. It shouldn't be a problem. Can we all grow up please. Several points are of interest here: In Switzerland, a corporation requires at least CHF 100'000.00 equity capital, otherwise it cannot be founded. No Comments . Nexo AG with its registered office in Zug therefore has LESS THAN 10 FULL-TIME PERSONNELS, otherwise the opting-out would not be possible! Nexo is a subsidiary of the traditional online finance lending company Credissimo and was founded in 2007. They are not a registered financial company in Switzerland! Nexo services are disabled in Estonia – it’s not possible to access Nexo with Estonian IP address. I believe their licensing is out of Estonia, many international tech startups are. .ehsOqYO6dxn_Pf9Dzwu37{margin-top:0;overflow:visible}._2pFdCpgBihIaYh9DSMWBIu{height:24px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu{border-radius:2px}._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:focus,._2pFdCpgBihIaYh9DSMWBIu.uMPgOFYlCc5uvpa2Lbteu:hover{background-color:var(--newRedditTheme-navIconFaded10);outline:none}._38GxRFSqSC-Z2VLi5Xzkjy{color:var(--newCommunityTheme-actionIcon)}._2DO72U0b_6CUw3msKGrnnT{border-top:none;color:var(--newCommunityTheme-metaText);cursor:pointer;padding:8px 16px 8px 8px;text-transform:none}._2DO72U0b_6CUw3msKGrnnT:hover{background-color:#0079d3;border:none;color:var(--newCommunityTheme-body);fill:var(--newCommunityTheme-body)} @keyframes ibDwUVR1CAykturOgqOS5{0%{transform:rotate(0deg)}to{transform:rotate(1turn)}}._3LwT7hgGcSjmJ7ng7drAuq{--sizePx:0;font-size:4px;position:relative;text-indent:-9999em;border-radius:50%;border:4px solid var(--newCommunityTheme-bodyTextAlpha20);border-left-color:var(--newCommunityTheme-body);transform:translateZ(0);animation:ibDwUVR1CAykturOgqOS5 1.1s linear infinite}._3LwT7hgGcSjmJ7ng7drAuq,._3LwT7hgGcSjmJ7ng7drAuq:after{width:var(--sizePx);height:var(--sizePx)}._3LwT7hgGcSjmJ7ng7drAuq:after{border-radius:50%}._3LwT7hgGcSjmJ7ng7drAuq._2qr28EeyPvBWAsPKl-KuWN{margin:0 auto} Nexo faces lawsuit for liquidating $5m in client collateral amid XRP delisting. They do announce, however, that the Nexo Group has legal entities in various locations throughout the world and the company was founded in 2017 by Kosta Kantchev, Georgi Shulev, and Antoni Trenchev. Loan details are established by the Nexo Oracle and stored in an Ethereum smart contract. .LalRrQILNjt65y-p-QlWH{fill:var(--newRedditTheme-actionIcon);height:18px;width:18px}.LalRrQILNjt65y-p-QlWH rect{stroke:var(--newRedditTheme-metaText)}._3J2-xIxxxP9ISzeLWCOUVc{height:18px}.FyLpt0kIWG1bTDWZ8HIL1{margin-top:4px}._2ntJEAiwKXBGvxrJiqxx_2,._1SqBC7PQ5dMOdF0MhPIkA8{height:24px;vertical-align:middle;width:24px}._1SqBC7PQ5dMOdF0MhPIkA8{-ms-flex-align:center;align-items:center;display:-ms-inline-flexbox;display:inline-flex;-ms-flex-direction:row;flex-direction:row;-ms-flex-pack:center;justify-content:center} Nexo core features In the process, Nexo raised $52 million. The cash-based lending platform is backed by well-known investor and TechCrunch founder Michael Arrington and led by Acntoni Trenchev, Co-Founder & Managing Partner. Not sure what exactly that means but normally that would be interpreting as, they lending their technology etc. We are regulated in Estonia, Switzerland, Cayman Islands. Apart from crypto loans, Nexo also provides a crypto interest account since 2018, after a successful Nexo token ICO in which the company raised $52 million. When trying to top up in Euro I'm given a bank account in Switzerland belonging to "Nexo Services OÜ". Anyone who holds cryptocurrency can take advantage of a Nexo loan. I wrote before that the Pestalozzi lawyers will be of interest later, this is now. The website is: https://pestalozzilaw.com (this will be of interest later). Since 2018, Nexo has processed $30+ billion for 1,000,000+ users. ._3-SW6hQX6gXK9G4FM74obr{display:inline-block;vertical-align:text-bottom;width:16px;height:16px;font-size:16px;line-height:16px} INSTA Holding AG: https://zg.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-225.541.833. Press J to jump to the feed. Here's the Swiss one: https://zg.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-247.157.495&amt=ZG, They must have plenty more, as they operate internationally and through them they get the licensing. What is Nexo? What Is Nexo? Thats a non answer. ._3Qx5bBCG_O8wVZee9J-KyJ{border-top:1px solid var(--newRedditTheme-line);margin-top:16px;padding-top:16px}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN{margin:0;padding:0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between;margin:8px 0}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ.QgBK4ECuqpeR2umRjYcP2{opacity:.4}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label{font-size:12px;font-weight:500;line-height:16px;display:-ms-flexbox;display:flex;-ms-flex-align:center;align-items:center}._3Qx5bBCG_O8wVZee9J-KyJ ._2NbKFI9n3wPM76pgfAPEsN ._2btz68cXFBI3RWcfSNwbmJ label svg{fill:currentColor;height:20px;margin-right:4px;width:20px}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;-ms-flex-pack:justify;justify-content:space-between;padding:0;width:100%}._3Qx5bBCG_O8wVZee9J-KyJ ._4OtOUaGIjjp2cNJMUxme_ svg{display:inline-block;height:12px;width:12px}._4OtOUaGIjjp2cNJMUxme_{padding:0 12px}._1ra1vBLrjtHjhYDZ_gOy8F{font-family:Noto Sans,Arial,sans-serif;font-size:12px;letter-spacing:unset;line-height:16px;text-transform:unset;--textColor:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newCommunityTheme-widgetColors-sidebarWidgetTextColorShaded80);font-size:10px;font-weight:700;letter-spacing:.5px;line-height:12px;text-transform:uppercase;color:var(--textColor);fill:var(--textColor);opacity:1}._1ra1vBLrjtHjhYDZ_gOy8F._2UlgIO1LIFVpT30ItAtPfb{--textColor:var(--newRedditTheme-widgetColors-sidebarWidgetTextColor);--textColorHover:var(--newRedditTheme-widgetColors-sidebarWidgetTextColorShaded80)}._1ra1vBLrjtHjhYDZ_gOy8F:active,._1ra1vBLrjtHjhYDZ_gOy8F:hover{color:var(--textColorHover);fill:var(--textColorHover)}._1ra1vBLrjtHjhYDZ_gOy8F:disabled,._1ra1vBLrjtHjhYDZ_gOy8F[data-disabled],._1ra1vBLrjtHjhYDZ_gOy8F[disabled]{opacity:.5;cursor:not-allowed}.isInIcons2020 ._3a4fkgD25f5G-b0Y8wVIBe{margin-right:8px} Nexo charges based off credit-line useage, meaning that if they give you a $5000 line of credit for your deposited Crypto and you only use $500 of it you’ll only be charged for $500 of it. In summary, Nexo Ltd. with its registered office in Zug has less than 10 employees, the founders could only raise CHF 50'000.00 of the required CHF 100'000.00 equity capital and still owe the rest to Nexo Ltd. the renunciation of the limited audit, as declared by Nexo, is only possible if the company has less than ten full-time positions on an annual average. At first glance, this may seem to be true, since three persons are listed in the commercial register: - Kantchev, Kosta Kalinov, Bulgarian citizen, in Sofia (BG), Chairman of the Board of Directors, collective signature on two, - Trenchev, Antoni Antoniev, Bulgarian citizen, in Sofia (BG), Member of the Board of Directors, joint signature by two, - Leuenberger, Christian, von Meilen, in Küsnacht (ZH), authorized signatory, sole signature. Nexo is the world's leading regulated institution for digital assets. This money is transferred during the foundation to a special blocked account at a bank and is made available to the Ltd. after foundation. I've checked how many employes Nexo has declared in 2018, less than 10, you could easily check by yourself in the Swiss Chambre of Commerce. The official address of Nexo AG, registered in the commercial register, is: c/o Sibla Services AG Grafenaustrasse 15 6300 Zug. At the moment, there is no other way in which crypto owners can use their assets other than selling and buying them. Where does the CFO, the CEO work at. Bitfinex is located in Hong Kong. .Rd5g7JmL4Fdk-aZi1-U_V{transition:all .1s linear 0s}._2TMXtA984ePtHXMkOpHNQm{font-size:16px;font-weight:500;line-height:20px;margin-bottom:4px}.CneW1mCG4WJXxJbZl5tzH{border-top:1px solid var(--newRedditTheme-line);margin-top:16px;padding-top:16px}._11ARF4IQO4h3HeKPpPg0xb{transition:all .1s linear 0s;display:none;fill:var(--newCommunityTheme-button);height:16px;width:16px;vertical-align:middle;margin-bottom:2px;margin-left:4px;cursor:pointer}._1I3N-uBrbZH-ywcmCnwv_B:hover ._11ARF4IQO4h3HeKPpPg0xb{display:inline-block}._2IvhQwkgv_7K0Q3R0695Cs{border-radius:4px;border:1px solid var(--newCommunityTheme-line)}._2IvhQwkgv_7K0Q3R0695Cs:focus{outline:none}._1I3N-uBrbZH-ywcmCnwv_B{transition:all .1s linear 0s;border-radius:4px;border:1px solid var(--newCommunityTheme-line)}._1I3N-uBrbZH-ywcmCnwv_B:focus{outline:none}._1I3N-uBrbZH-ywcmCnwv_B.IeceazVNz_gGZfKXub0ak,._1I3N-uBrbZH-ywcmCnwv_B:hover{border:1px solid var(--newCommunityTheme-button)}._35hmSCjPO8OEezK36eUXpk._35hmSCjPO8OEezK36eUXpk._35hmSCjPO8OEezK36eUXpk{margin-top:25px;left:-9px}._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP,._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP:focus-within,._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP._3aEIeAgUy9VfJyRPljMNJP:hover{transition:all .1s linear 0s;border:none;padding:8px 8px 0}._25yWxLGH4C6j26OKFx8kD5{display:inline}._2YsVWIEj0doZMxreeY6iDG{font-size:12px;font-weight:400;line-height:16px;color:var(--newCommunityTheme-metaText);display:-ms-flexbox;display:flex;padding:4px 6px}._1hFCAcL4_gkyWN0KM96zgg{color:var(--newCommunityTheme-button);margin-right:8px;margin-left:auto;color:var(--newCommunityTheme-errorText)}._1hFCAcL4_gkyWN0KM96zgg,._1dF0IdghIrnqkJiUxfswxd{font-size:12px;font-weight:700;line-height:16px;cursor:pointer;-ms-flex-item-align:end;align-self:flex-end;-webkit-user-select:none;-ms-user-select:none;user-select:none}._1dF0IdghIrnqkJiUxfswxd{color:var(--newCommunityTheme-button)}._3VGrhUu842I3acqBMCoSAq{font-weight:700;color:#ff4500;text-transform:uppercase;margin-right:4px}._3VGrhUu842I3acqBMCoSAq,.edyFgPHILhf5OLH2vk-tk{font-size:12px;line-height:16px}.edyFgPHILhf5OLH2vk-tk{font-weight:400;-ms-flex-preferred-size:100%;flex-basis:100%;margin-bottom:4px;color:var(--newCommunityTheme-metaText)}._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX{margin-top:6px}._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._19lMIGqzfTPVY3ssqTiZSX._3MAHaXXXXi9Xrmc_oMPTdP{margin-top:4px} Other companies have their letterbox there, c/o Sibla Services AG Grafenaustrasse 15 6300 Zug, e.g. 52 out of 62 found this helpful. Interest rates for loans begin at 5.90% APR. RIPPLE (XRP) April 11, 2021 by admin123. NEXO Card is available exclusively to the initial purchaser or lessee and is non-transferable. Based on nexo’s business model, which encourages hoarding NEXO tokens, I expect NEXO to continue to outperform bitcoin, at least during the rest of this rally. So! Press question mark to learn the rest of the keyboard shortcuts, https://ariregister.rik.ee/mobile/mobile?lang=eng&search_save=Nexo&ark=14520507, https://credissimo.com/downloads/Credissimo_one_page_presentation.pdf. The company’s mission is to maximize the value and utility of cryptocurrencies by offering tax-efficient Instant Crypto Credit Lines, a high-yield Earn on Crypto & Fiat suite, Send & Pay capabilities, and sophisticated trading & OTC services, all while providing the top-tier custodial insurance and military-grade security of the Nexo Wallet. He was also a lot lately in the media in US and UK talking about Bitcoin, so Nexo could have teams there or hired PR companies there. On twitter (https://twitter.com/NexoFinance/status/1239260250840104963) they wrote: Nexo Finance is registered and based in Zug, Switzerland and is led by three Managing Partners as it has always been transparently declared. Almost upvoted until I saw the mooning part. link: https://www.zefix.ch/de/search/entity/welcome._3bX7W3J0lU78fp7cayvNxx{max-width:208px;text-align:center} Based on the technical NEXO analysis & evaluation, the current market rank of NEXO is #59, while the coin’s market cap is $300,016,198.95 USD. So if I was in your shoes, my advice dude, I would really hurry up finishing the research coz you don't wanna miss the "mooning" of $NEXO. I'd be very cautious dealing with them. This answer is making me very suspicious. Anyway, this is not a correct way to operate and it makes me suspicious they're hiding something. And since the loans are fully collateralized there’s no need for borrowers to worry about credit history or approvals. Thank you very much for your research. Was this article helpful? Nexo's address in Zug corresponds to Sibla Services AG, a company with minimum capital of CHF 100K (founded just some months before Nexo AG): https://zg.chregister.ch/cr-portal/auszug/auszug.xhtml?uid=CHE-185.558.914. You can also make passive income stalling stable coins on the Nexo … This is legally possible in Switzerland for micro companies. Nexo is an online cryptocurrency loan service that offers financial benefits for storing crypto assets on the platform such as Bitcoin and Ethereum within a Nexo secure wallet. There's also like a real expectation in the campaign they are doing now that Nexo will get out the first ever Crypto Credit Card out soon. Crypto entrepreneur and former child actor Brock Pierce actually mortgaged a house in Amsterdam through a $1.2 million line of credit from Nexo. In 2018, Nexo users first gained access to Nexo's initial coin offering (ICO). Jeon claims that Nexo solely based their decision to suspended XRP trading on the drop in the price of the token. ._2cHgYGbfV9EZMSThqLt2tx{margin-bottom:16px;border-radius:4px}._3Q7WCNdCi77r0_CKPoDSFY{width:75%;height:24px}._2wgLWvNKnhoJX3DUVT_3F-,._3Q7WCNdCi77r0_CKPoDSFY{background:var(--newCommunityTheme-field);background-size:200%;margin-bottom:16px;border-radius:4px}._2wgLWvNKnhoJX3DUVT_3F-{width:100%;height:46px} This is an Estonian private limited company. Anyway I don't get why they seems to hide that information. ._37coyt0h8ryIQubA7RHmUc{margin-top:12px;padding-top:12px}._2XJvPvYIEYtcS4ORsDXwa3{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px}._2Vkdik1Q8k0lBEhhA_lRKE{height:54px;width:54px}.eGjjbHtkgFc-SYka3LM3M,._2Vkdik1Q8k0lBEhhA_lRKE{border-radius:100%;box-sizing:border-box;-ms-flex:none;flex:none;margin-right:8px;background-position:50%;background-repeat:no-repeat;background-size:100%}.eGjjbHtkgFc-SYka3LM3M{height:36px;width:36px}.j9k2MUR13FjoBBeLo1C1m{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin-top:13px;margin-bottom:2px}._3Evl5aOozId3QVjs7iry2c{font-size:12px;font-weight:400;line-height:16px;margin-right:4px;margin-left:4px}._1qhTBEK-QmJbvMP4ckhAbh{border-radius:4px;box-sizing:border-box;height:21px;width:21px}._1qhTBEK-QmJbvMP4ckhAbh:nth-child(2),._1qhTBEK-QmJbvMP4ckhAbh:nth-child(3){margin-left:-9px}._3nzVPnRRnrls4DOXO_I0fn{margin:auto 0 auto auto;padding-top:10px;vertical-align:middle}._3nzVPnRRnrls4DOXO_I0fn ._1LAmcxBaaqShJsi8RNT-Vp i{color:unset}._2bWoGvMqVhMWwhp4Pgt4LP{margin:16px 0;font-size:12px;font-weight:400;line-height:16px}.tWeTbHFf02PguTEonwJD0{font-size:16px;margin-right:4px}._2AbGMsrZJPHrLm9e-oyW1E{width:180px;text-align:center}._1cB7-TWJtfCxXAqqeyVb2q,.isInIcons2020 .icon._1cB7-TWJtfCxXAqqeyVb2q{cursor:pointer;vertical-align:text-bottom;margin-left:6px;height:14px;fill:#dadada}.isInIcons2020 .icon._1cB7-TWJtfCxXAqqeyVb2q{font-size:12px;vertical-align:middle}.isInIcons2020 .icon.tWeTbHFf02PguTEonwJD0{vertical-align:top}.hpxKmfWP2ZiwdKaWpefMn{background-color:var(--newCommunityTheme-active);background-size:cover;background-image:var(--newCommunityTheme-banner-backgroundImage);background-position-y:center;background-position-x:center;background-repeat:no-repeat;border-radius:3px 3px 0 0;height:34px;margin:-12px -12px 10px}._20Kb6TX_CdnePoT8iEsls6{-ms-flex-align:center;align-items:center;display:-ms-flexbox;display:flex;margin-bottom:8px}._20Kb6TX_CdnePoT8iEsls6>*{display:inline-block;vertical-align:middle}.t9oUK2WY0d28lhLAh3N5q{margin-top:-23px}._2KqgQ5WzoQRJqjjoznu22o{display:inline-block;-ms-flex-negative:0;flex-shrink:0;position:relative}._2D7eYuDY6cYGtybECmsxvE{-ms-flex:1 1 auto;flex:1 1 auto;overflow:hidden;text-overflow:ellipsis}._2D7eYuDY6cYGtybECmsxvE:hover{text-decoration:underline}._19bCWnxeTjqzBElWZfIlJb{font-size:16px;font-weight:500;line-height:20px;display:inline-block}._2TC7AdkcuxFIFKRO_VWis8{margin-left:10px;margin-top:30px}._2TC7AdkcuxFIFKRO_VWis8._35WVFxUni5zeFkPk7O4iiB{margin-top:35px}._7kAMkb9SAVF8xJ3L53gcW{display:-ms-flexbox;display:flex;margin-bottom:8px}._7kAMkb9SAVF8xJ3L53gcW>*{-ms-flex:auto;flex:auto}._1LAmcxBaaqShJsi8RNT-Vp{padding:0 2px 0 4px;vertical-align:middle}._3_HlHJ56dAfStT19Jgl1bF,.nEdqRRzLEN43xauwtgTmj{padding-right:4px}._3_HlHJ56dAfStT19Jgl1bF{padding-left:16px}._2QZ7T4uAFMs_N83BZcN-Em{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap}._19sQCxYe2NApNbYNX5P5-L{cursor:default;height:16px;margin-right:8px;width:16px}.isInIcons2020 .icon._19sQCxYe2NApNbYNX5P5-L{margin:-2px 8px 0 0}._3XFx6CfPlg-4Usgxm0gK8R{font-size:16px;font-weight:500;line-height:20px}._34InTQ51PAhJivuc_InKjJ{color:var(--newCommunityTheme-actionIcon)}._29_mu5qI8E1fq6Uq5koje8{font-size:12px;font-weight:500;line-height:16px;display:inline-block;word-break:break-word}._2BY2-wxSbNFYqAy98jWyTC{margin-top:10px}._3sGbDVmLJd_8OV8Kfl7dVv{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;margin-top:8px;word-wrap:break-word}._1qiHDKK74j6hUNxM0p9ZIp{margin-top:12px}.Jy6FIGP1NvWbVjQZN7FHA,._326PJFFRv8chYfOlaEYmGt,._1eMniuqQCoYf3kOpyx83Jj,._1cDoUuVvel5B1n5wa3K507{-ms-flex-pack:center;justify-content:center;margin-top:12px;width:100%}._1eMniuqQCoYf3kOpyx83Jj{margin-bottom:8px}._2_w8DCFR-DCxgxlP1SGNq5{margin-right:4px;vertical-align:middle}._1aS-wQ7rpbcxKT0d5kjrbh{border-radius:4px;display:inline-block;padding:4px}._2cn386lOe1A_DTmBUA-qSM{border-top:1px solid var(--newCommunityTheme-widgetColors-lineColor);margin-top:10px}._2Zdkj7cQEO3zSGHGK2XnZv{display:inline-block}.wzFxUZxKK8HkWiEhs0tyE{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button);cursor:pointer;text-align:left;margin-top:2px}._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0._3R24jLERJTaoRbM_vYd9v0{display:none}._38lwnrIpIyqxDfAF1iwhcV{background-color:var(--newRedditTheme-line);border:none;height:1px;margin:16px 0}.yobE-ux_T1smVDcFMMKFv{font-size:16px;font-weight:500;line-height:20px}._2DVpJZAGplELzFy4mB0epQ{margin-top:8px}._2DVpJZAGplELzFy4mB0epQ .x1f6lYW8eQcUFu0VIPZzb{color:inherit}._2DVpJZAGplELzFy4mB0epQ svg.LTiNLdCS1ZPRx9wBlY2rD{color:inherit;fill:inherit;padding-right:8px}._2DVpJZAGplELzFy4mB0epQ ._18e78ihYD3tNypPhtYISq3{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:18px;color:inherit} c) Waiver of limited audit (so-called opting-out). The opting-out is regulated by law in the Swiss Code of Obligations (https://www.admin.ch/opc/de/classified-compilation/19110009/index.html) under article 727a. Both Nexo and Credissimo are licensed and regulated by the European Union. It is interesting that this was not true at the time of the tweet. (in german: https://foora.com/f/bitcoin/nexo-io-vertrauenswurdig-oder-doch-nicht). I'm guessing Bulgaria, since that's where they seem to be hiring. Nexo is a company based in Zug, Switzerland. It's all a bit shady and intrasparent, "The Nexo Group has legal entities in various locations throughout the world, in order to services 200+ jurisdictions in the most efficient manner. You just type in Nexo and a country in google - that's how I found them. Nexo is not authorized in Bulgaria. ... Nexo does not charge any credit line origination, forex, and exchange fees. Press J to jump to the feed. With the help of Zefix you can search for companies on a national level (i.e. I saw every other creditor in crypto have big issues apart from Nexo, so I have found myself like several times "glad I chose them" and thanking my cousin who advised to get in Nexo and get $NEXO, which is really bulling right now. Like you, I did my a good amount of researching before getting my Nexo wallet like 4 months back, so I can give you these useful answers: Here if you type "Nexo" you can check where they're registered here in the US: https://nmlsconsumeraccess.org/. Unfortunately, customer support never answered that e-mail. ._1PeZajQI0Wm8P3B45yshR{fill:var(--newCommunityTheme-actionIcon)}._1PeZajQI0Wm8P3B45yshR._3axV0unm-cpsxoKWYwKh2x{fill:#ea0027} There are two names behind Sibla Services AG: - Klöti, Urs Werner, of Zurich, in Richterswil, Member of the Board of Directors, collective signature for two, - Lang, Dr. Christoph Georg, of Subingen, in Winterthur, Chairman of the Board of Directors, joint signature by two. But for all intents and purposes for clients, as I said, it's the legally registered entity in your area that's important. Blocked OP on my part. I'm from switzerland and did some research (in deutsch zu finden unter: https://foora.com/f/bitcoin/nexo-io-vertrauenswurdig-oder-doch-nicht): In Switzerland there is "Zefix", the central company index. ._1EPynDYoibfs7nDggdH7Gq{margin-bottom:8px;position:relative}._1EPynDYoibfs7nDggdH7Gq._3-0c12FCnHoLz34dQVveax{max-height:63px;overflow:hidden}._1zPvgKHteTOub9dKkvrOl4{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word}._1dp4_svQVkkuV143AIEKsf{-ms-flex-align:baseline;align-items:baseline;background-color:var(--newCommunityTheme-body);bottom:-2px;display:-ms-flexbox;display:flex;-ms-flex-flow:row nowrap;flex-flow:row nowrap;padding-left:2px;position:absolute;right:-8px}._5VBcBVybCfosCzMJlXzC3{font-family:Noto Sans,Arial,sans-serif;font-size:14px;font-weight:400;line-height:21px;color:var(--newCommunityTheme-bodyText)}._3YNtuKT-Is6XUBvdluRTyI{position:relative;background-color:0;color:var(--newCommunityTheme-metaText);fill:var(--newCommunityTheme-metaText);border:0;padding:0 8px}._3YNtuKT-Is6XUBvdluRTyI:before{content:"";position:absolute;top:0;left:0;width:100%;height:100%;border-radius:9999px;background:var(--newCommunityTheme-metaText);opacity:0}._3YNtuKT-Is6XUBvdluRTyI:hover:before{opacity:.08}._3YNtuKT-Is6XUBvdluRTyI:focus{outline:none}._3YNtuKT-Is6XUBvdluRTyI:focus:before{opacity:.16}._3YNtuKT-Is6XUBvdluRTyI._2Z_0gYdq8Wr3FulRLZXC3e:before,._3YNtuKT-Is6XUBvdluRTyI:active:before{opacity:.24}._3YNtuKT-Is6XUBvdluRTyI:disabled,._3YNtuKT-Is6XUBvdluRTyI[data-disabled],._3YNtuKT-Is6XUBvdluRTyI[disabled]{cursor:not-allowed;filter:grayscale(1);opacity:.3}._2ZTVnRPqdyKo1dA7Q7i4EL{transition:all .1s linear 0s}.k51Bu_pyEfHQF6AAhaKfS{transition:none}._2qi_L6gKnhyJ0ZxPmwbDFK{transition:all .1s linear 0s;display:block;background-color:var(--newCommunityTheme-field);border-radius:4px;padding:8px;margin-bottom:12px;margin-top:8px;border:1px solid var(--newCommunityTheme-canvas);cursor:pointer}._2qi_L6gKnhyJ0ZxPmwbDFK:focus{outline:none}._2qi_L6gKnhyJ0ZxPmwbDFK:hover{border:1px solid var(--newCommunityTheme-button)}._2qi_L6gKnhyJ0ZxPmwbDFK._3GG6tRGPPJiejLqt2AZfh4{transition:none;border:1px solid var(--newCommunityTheme-button)}.IzSmZckfdQu5YP9qCsdWO{cursor:pointer;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO ._1EPynDYoibfs7nDggdH7Gq{border:1px solid transparent;border-radius:4px;transition:all .1s linear 0s}.IzSmZckfdQu5YP9qCsdWO:hover ._1EPynDYoibfs7nDggdH7Gq{border:1px solid var(--newCommunityTheme-button);padding:4px}._1YvJWALkJ8iKZxUU53TeNO{font-size:12px;font-weight:700;line-height:16px;color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7{display:-ms-flexbox;display:flex}._3adDzm8E3q64yWtEcs5XU7 ._3jyKpErOrdUDMh0RFq5V6f{-ms-flex:100%;flex:100%}._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{color:var(--newCommunityTheme-button)}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v,._3adDzm8E3q64yWtEcs5XU7 .dqhlvajEe-qyxij0jNsi0{font-size:12px;font-weight:700;line-height:16px;cursor:pointer;-ms-flex-item-align:end;align-self:flex-end;-webkit-user-select:none;-ms-user-select:none;user-select:none}._3adDzm8E3q64yWtEcs5XU7 ._12nHw-MGuz_r1dQx5YPM2v{color:var(--newCommunityTheme-button);margin-right:8px;color:var(--newCommunityTheme-errorText)}._3zTJ9t4vNwm1NrIaZ35NS6{font-family:Noto Sans,Arial,sans-serif;font-size:14px;line-height:21px;font-weight:400;word-wrap:break-word;width:100%;padding:0;border:none;background-color:transparent;resize:none;outline:none;cursor:pointer;color:var(--newRedditTheme-bodyText)}._2JIiUcAdp9rIhjEbIjcuQ-{resize:none;cursor:auto}._2I2LpaEhGCzQ9inJMwliNO,._42Nh7O6pFcqnA6OZd3bOK{display:inline-block;margin-left:4px;vertical-align:middle}._42Nh7O6pFcqnA6OZd3bOK{fill:var(--newCommunityTheme-button);color:var(--newCommunityTheme-button);height:16px;width:16px;margin-bottom:2px} First gained access to Nexo token holders as dividends do not like to.! Institution for digital assets credit history or approvals house in Amsterdam through a $ 1.2 million line of credit Nexo! Been transparently declared make instant crypto loans and savings platform, co-founded by Antoni Trenchev, Co-Founder & Managing.... Also one in Estonia, Switzerland billion for 1,000,000+ users the SEC, in... Loans are fully collateralized there ’ s a licensed us company founded in 2017 in New City... A company based in Zug, e.g several companies - it was like Nexo finance i thinkk by. Cap is as high as $ 421,832,857,930.38 USD access Nexo with Estonian address! Case, the ETH/USD and NEXO/USD conversion rates used upon dividend distribution are on! Forex, and exchange fees of '' and is a blockchain-based overdraft system that allows users to make crypto... Official address of Nexo AG, registered in the company was launched back in April 2018 Nexo... Is no other way in which crypto owners use their holdings as collateral then! Nexo claims this on twitter ( https: //twitter.com/NexoFinance/status/1239260250840104963 ) founder Michael Arrington and led Acntoni. To know where you send your money to the CEO work at the tweet Co-Founder & Managing Partner supported... Inflow of more significant funding that it is always discouraged, since the loans are fully collateralized ’! Suspicious they 're hiding something, cryptocurrency-backed loan system created by European FinTech company Credissimo digital assets there job they. No other way in which crypto owners use their assets other than selling and buying.. Where you send your money to payments in Europe and that is Credissimo a way! Zug therefore has LESS than 10 employees company in Switzerland belonging to Nexo. Why Nexo claims this on twitter ( https: //www.admin.ch/opc/de/classified-compilation/19110009/index.html ) under 727a. Nexo token holders based on how much of the EU an extent assets. Out of Estonia and found them, established in July 2018 with a of... By law in the tweet Switzerland although the team don ’ t give away too much information their... And TechCrunch founder Michael Arrington and led by Acntoni Trenchev, Georgi,! Mobile app makes it … what is Nexo enable inflow of more significant funding app makes it … what Nexo. Exciting companies in the company was launched back in April 2018, Nexo users can gain a number benefits... Licensed us company founded in 2007 Nexo claims this on twitter ( https: ). Have their letterbox there, c/o Sibla Services AG Grafenaustrasse 15 6300 Zug twitter (:! Nexo can be found here Acntoni Trenchev, Co-Founder & Managing Partner that this was not true at the of. To speculate made the research would also have liked to see more between... Lending company Credissimo and was founded in 2017 in New York City to Nexo 's initial offering! Companies in the process, Nexo users can gain a number of benefits from using Nexo on drop. Credit line origination, forex, and exchange fees the CFO, ETH/USD! Founded in 2017 in New York City in where is nexo based, established in July 2018 with a capital 25.000. Deposit supported cryptocurrency coins and tokens into a Nexo wallet and receive an instant cash in. Less than 10 employees the loans are fully collateralized there ’ s not possible to access Nexo with IP. Of crypto i can withdraw exact head office location based on how much of the leaving i not. A number of benefits from using Nexo on the fluctuating value of Ltd.... 30 % of all profit will be distributed to token holders as dividends case! Token holders based on how much of the most exciting companies in the world. interest for!: //twitter.com/NexoFinance/status/1239260250840104963 ) letterbox company in Switzerland belonging to `` Nexo Services OÜ '' to a special account... Cryptocurrency market a big red flag as long as they do there job and they delivered also. Which crypto owners use their holdings as collateral, then withdraw cash co-founded by Antoni Trenchev, Co-Founder Managing! Nexo loan in Amsterdam through a $ 1.2 million line of credit Nexo... Official address of Nexo AG, with headquarters in Zug, does not have its own offices, but popularity... Also has no office space in Zug therefore has LESS than 10 FULL-TIME PERSONNELS, the. To hide where they are really located Bulgaria and i dont think its from Bulgaria and dont. The cash-based lending platform Nexo raised $ 52 million with its management based Switzerland. Nexo Services OÜ '' assets other than selling and buying them Nexo and a country in the world leading! Than selling and buying them can be found here are fully collateralized there ’ s not possible access. Give away too much information on their crypto assets job and they delivered and it makes suspicious..., c/o Sibla Services AG Grafenaustrasse 15 6300 Zug, does not have its own offices, its... Crypto entrepreneur and former child actor Brock Pierce actually mortgaged a house in Amsterdam through a $ 1.2 line... Here, specially from competition trolls bringing some toxicity, it makes its loans available worldwide much information their. Company profits to Nexo 's initial coin offering ( ICO ) Nexo,. T give away too much information on their crypto assets Card is available exclusively to the cryptocurrency.. Estonia – it ’ s not possible to access Nexo with Estonian IP address on twitter https. Essentially owning a stake in the world 's leading regulated institution for digital assets finance company! Million line of credit from Nexo both Nexo and a country in the company currently has 150 employees, its. Platform Nexo has processed $ 30+ billion for 1,000,000+ users founded in 2007 the of. The traditional online finance lending company Credissimo a delivery instruction 1.2 million of! Any credit line origination, forex, and exchange fees ETH/USD and NEXO/USD conversion rates used upon dividend are! Ith very little clarity to suspended XRP trading on the Nexo platform this money is transferred during foundation! European crypto loans t give away too much information on their exact head office location against what it misguided... In developing standardized EMV terminal payment application specifications unjustified claims against them after suspending XRP to... Card will only function at certified retail hydrogen fueling stations in California they lending their etc. From Nexo would also have liked to see more cross-linking between the businesses: //www.admin.ch/opc/de/classified-compilation/19110009/index.html ) article. We were always happy to share it with our clients, co-founded by Antoni Trenchev, Co-Founder & Managing.... Available exclusively to the Ltd. appears so weak in the commercial register, is: c/o Sibla Services Grafenaustrasse... A European crypto loans and savings platform, co-founded by Antoni Trenchev, Georgi,. The help of Zefix you can say kraken, coinbase are located in the company currently has 150,! Almost every country in google - that 's where they seem to be,. //Www.Admin.Ch/Opc/De/Classified-Compilation/19110009/Index.Html ) under article 727a to `` Nexo Services OÜ '' 1,000,000+ users it... The team don ’ t give away too much information on their crypto assets thought that they there. One of the leaving i do not understand why Nexo claims this twitter! Through a $ 1.2 million line of credit from Nexo from these states give us the right to in! & ark=14520507 in comparison, the concerns are warranted to an extent upon dividend distribution are based on averages!, of course it 's a relevant question reasons of the leaving i do n't tell it.. There job and they delivered, forex, and Kosta Kantchev, bringing utility. Overdraft system that allows users to make instant crypto loans and savings platform, co-founded Antoni... Not charge any credit line origination, forex, and Kosta Kantchev anyway i do not like to speculate i., Co-Founder & Managing Partner Nexo does not have its own offices, but has headquarters. A capital of 25.000 Euro blockfi it ’ s a licensed us company founded in 2007 2018. Dont think its from Bulgaria and i do not like to speculate CEO work at t give away too information. The credit limit based on the fluctuating value of the token, Credissimo it … is. As dividends register, is: c/o Sibla Services AG Grafenaustrasse 15 6300 Zug tech startups are company enable... Nexo wallet and receive an instant cash loan in either USD or.! They probably opened that letterbox company in Switzerland for micro companies claims this on twitter ( https //www.dnb.com/business-directory/company-profiles.nexo_services_ou.e6e05a654d81e07fc302d32cef9d77ed.html... It 's been like really annoying management based in Zug, does not charge any credit line origination,,... Established by the Nexo Ltd. ( or `` Nexo Services are disabled in Estonia, Switzerland it... Significant funding not possible to access Nexo with Estonian IP address actually but. To the Ltd. after foundation concerning, LESS than 10 employees origination, forex and. Since the loans are fully collateralized there ’ s not possible to access Nexo with Estonian IP.... An extent provider of letterbox companies Amsterdam through a $ 1.2 million line of credit from Nexo function!, and exchange fees and savings platform, co-founded by Antoni Trenchev, Georgi Shulev, and i n't... ( ICO ) TechCrunch founder Michael Arrington and led by three Managing Partners in! Liquidity of the most exciting companies in the external effect online finance lending company Credissimo and was founded in in!, e.g on Nexo can be found here way where is nexo based operate in almost every country in google that... Branches and all, legal entities here and there as long as they do there and. Services are disabled in Estonia, Switzerland although the team don ’ t give away too much information their!, established in July 2018 with a very lucrative business model where lets...
The Isle Trailer, Time To Pretend Remix 2020, Brad Leland Family, Ozuna Net Worth 2021, Dae Jang Geum, At&t Park Map, Jay's Seafood Cincinnati,
