Neverless is on a mission to make crypto investing accessible to everyone—removing the complexity, high fees, and poor UX that have kept decentralised finance (DeFi) out of reach for everyday users.

We co-led the $6.7m pe-seed round in Neverless because we believe there is uncapped upside in solving this problem and the founding team are uniquely qualified to do it.

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The Opportunity

Crypto has had several tipping points. Despite explosive growth, the vast majority of potential users remain locked out. Why? Because many potential users are deterred by complex interfaces, high fees, and a lack of trust and transparency. While crypto promises a decentralised financial future, the current platforms often cater to seasoned traders, leaving everyday users on the sidelines. DeFi, in particular, requires navigating clunky interfaces, juggling multiple wallets, and enduring high transaction costs.

Neverless is here to solve this problem. The company is dedicated to creating a platform that offers zero-fee trading, an intuitive user experience, and innovative investment solutions like their market-neutral ‘Strategies’ account. This approach ensures that users can engage with crypto and DeFi without the traditional barriers.

The founding team—Phuc, Mikael, and Arthur—lived this firsthand at Revolut, where they built some of the most seamless financial products in Europe. They experienced how fintech can abstract complexity, increase adoption, and build trust. They saw an opportunity to apply the same principles to crypto, making DeFi accessible to the next billion users.

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The Team

The Neverless founders have already built and scaled some of the most sophisticated financial infrastructure and user-centric products in Europe.

• Phuc - as the former Head of Product at Revolut, Phuc led the company’s crypto project back in 2021 and developed several of the key features that drove adoption and delight. Now, he’s bringing that product-first mindset to Neverless’s design and functionality.
• Mikael - led the expansion of Revolut’s core payments infrastructure, ensuring seamless transactions for millions of users, then later became the head of Premium Plans. At Neverless, he oversees infrastructure, growth, and marketing.
• Arthur - Arthur was the head of card payments and then cryptocurrencies. He understands both the operational and regulatory complexities of running a crypto platform at scale.

This team is uniquely qualified for the job and have a deep understanding of what it takes to build a simple, scalable, and compliant financial product.

Neverless aligns perfectly with our mission of backing exceptional product-led founders who are opinionated about the problem, obsess over the user, and build defensible products by design.

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The Product

Neverless is redesigning the crypto investing experience from the ground up. It removes barriers to entry, eliminates fees, and delivers a world-class UX. Here’s how:

• 1️⃣ Zero-fee trading: Users can buy and sell crypto for free, just like Revolut did for FX. The platform supports the widest range of cryptocurrencies, including popular meme coins unavailable elsewhere.
• 2️⃣ ‘Strategies’ accounts: a crypto hedge fund in your pocket. This market-neutral investment account offers automated, stable returns by exploiting market inefficiencies. ‘Strategies’ provides users with passive consistent performance without relying on market direction.
• 3️⃣ Next level UI: Designed with simplicity in mind, Neverless allows users to deposit funds in Dollars and Euros, buy with Apple Pay or Google Pay, and start trading seamlessly.
• 4️⃣ Full-stack infrastructure: Unlike many crypto platforms that rely on third-party providers, Neverless builds more of its own infrastructure to reduce costs, control risk and improve the user experience.

Neverless isn’t just another crypto exchange—it’s a fundamentally new approach to crypto investing, combining the best elements of fintech (trust, security, and user experience) with the best of DeFi (access to new financial products and returns).

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The Future

Crypto is still in its early innings. Make whatever comparison you like to the early days of the internet era - we believe everything is still up for grabs.

Neverless is positioned to become the trusted consumer gateway to DeFi, providing a delightful, easy-to-use, and high-value product that finally brings crypto investing to the masses.

We couldn’t be more excited to partner with Phuc, Mikael, and Arthur as they take on this mission.

If you’re interested in a smarter, simpler and more transparent way to invest in crypto, Neverless is the answer. 🚀