Crecy

Crecy is the first crypto-backed credit card in LATAM (powered by Mastercard) that helps 30M+ crypto HODL'ers in the region spend without selling their crypto.

- 935K raised to date (Notable investors: 500 Startups, Mucker Capital)
- 100 active card users
- 3.5K of users in our waitlist
- We recently secured debt financing facility from Meta Pool (the top liquid staking provider on NEAR).

There are dozens of solutions in LATAM built for short-term investors in crypto (wallets, debit cards, CEXs, DEXs etc.). Crecy’s unique approach is based on targeting historically underserved 30M+ crypto HODL’ers (long-term investors in crypto) in the region by offering them a robust platform where they can unlock the power of their crypto without selling it.

Crecy unlocks the power of crypto for HODL’ers through its first-in-the-region crypto-backed credit card (powered by Mastercard) by using which users can get access to fiat money without selling their crypto and without tax implication. This year we’ll also start offering to our customers the following products: 1) yield generation tool, 2) crypto-backed fiat loans, 3) NFT-backed credit card and NFT-backed fiat loans.

1) Crypto-backed credit card: Interchange fees (1% on each purchase made by customers), Monthly interest rate (3% on the amount of used credit line - for users with an LTV >30%), Late payment fees (0.1%/DAY on top of the monthly interest rate), Staking/lending of users' collateral deposits (3-4% APY).

2) Yield generator tool: Staking/lending of users' collateral deposits (5-6% APY).

3) Crypto-backed fiat loans: (25% APR + late fees
0.1%/day), Staking/lending of users' collateral deposits (5-6% APY).

Mucker Labs
Platanus Ventures