Co-founder & CEO
Profile summary: BS in Administration and Systems at ITBA Universidad
Lulubit
Lulubit is a mobile platform that lets users in Panama, Costa Rica, and Guatemala buy and sell Bitcoin and over 30 cryptocurrencies instantly via local bank transfers, and receive USD payments from services like PayPal and Payoneer through a virtual US‑based account. The app also offers a crypto‑backed Mastercard for global spending, up to 7% APY on stablecoin and ETH holdings, and a free educational academy, providing a single solution for purchasing, earning, and using digital assets.
- Blockchain & Cryptocurrency
- Financial Technology
Updated 16 days ago
Funding
Raised to date
$1.3MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
across 1 round
AMASD$1.3M · Seed
Announced Aug 2025
Disclosed cumulative: $1.3M
RoundDateAmountValuationInvestors
Founders
Product
Problem
Individuals and freelancers in Central America often face limited options for buying cryptocurrencies, converting them to local currency, and receiving cross‑border payments, especially from the United States. Traditional banking channels can be slow, costly, and may not support direct crypto transactions, creating friction for everyday financial needs.
Solution
Lulubit offers a mobile‑first platform that lets users in Panama, Costa Rica, and Guatemala purchase Bitcoin and over 30 other cryptocurrencies instantly using local bank transfers or ACH. The app provides a virtual US‑based deposit account that enables receiving and sending USD payments from platforms such as PayPal, Payoneer, Wise, and others, with automatic conversion to stablecoins (USDC) for on‑chain use. Users can earn passive yields of up to 7% APY on supported stablecoins and Ethereum‑based assets, while retaining full liquidity to withdraw or spend at any time. A Mastercard‑branded Lulucard links the crypto wallet to real‑world payments, allowing card‑based purchases and cash withdrawals worldwide. All services are accessed through a single app with integrated tutorials and a free educational academy.
Target Audience
Primary customers are retail crypto users, freelancers, and small businesses in Panama, Costa Rica, and Guatemala who need a simple way to buy, hold, earn on, and spend digital assets, as well as receive US‑based payments.
Features
- In‑app crypto purchase and sale of Bitcoin, Ethereum and 30+ altcoins via local bank transfers (ACH, SINPE, IBAN) with instant settlement
- Virtual US deposit account that receives USD from PayPal, Payoneer, Wise, etc., and converts it to USDC for on‑chain use
- Passive income product that generates up to 7% APY on USDT, USDC, DAI and ETH, sourced from decentralized lending protocols (e.g., AAVE)
- Lulucard Mastercard: crypto‑backed debit card for global online and offline purchases, ATM cash withdrawals, and real‑time pausing/unpausing
- Full‑balance liquidity: invested funds remain withdrawable, tradable, or spendable through the card at any moment
- Integrated learning hub (Lulubit Academy) offering free video courses on cryptocurrency fundamentals
- Multi‑country support with localized onboarding, chat assistance, and step‑by‑step deposit/withdrawal guides