New North West fintech hopes to bridge the fiat/crypto banking gap

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Harbour, a Lancaster-based Web3/fintech startup, has launched its “crypto-native banking experience,” which it claims will “redefine the future of banking with transparency, security, and a seamless connection between traditional finance and cryptocurrencies.”

While fintechs promising to revolutionise banking are probably at least a weekly occurrence, Harbour seems to have attracted some fairly solid backers to its cause – it lists the likes of Cogitent, Haatch, Delphi Labs, Polygon and Blockchain Ventures hub amongst its supporters.

Harbour has stated its aim is to build a “transparent banking experience that allows users to manage all their assets, whether crypto or traditional, within a single, user-friendly app.” The platform also aims to offer frictionless on- and off-ramping and effortless financial management.

Harbour 1.0, which is set to launch physically this summer, will introduce a crypto-native checking account to seamlessly connect fiat and on-chain ecosystems, and  is currently promising imminent incentives for early adaptors on its website.

If that’s enough fintech buzzwords for now, check out the polished video they’ve put together with fellow Lancastrians McGill Productions – McGill MD Shane Ogley is a partner in the startu – which gives the proposition a helpful simplification, or skip below for more finance talk.

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Fintech startup Harbour’s polished launch video


Key features of the platform include a full reserve fiat currency account, secure crypto wallets which wil lalso connect to existing wallets for self-custody, seamless and affordable crypto/fiat currency swaps, a complete stablecoin checking account and physical debit card for spending USDC in stores nationwide and iOs and Android compatability.

Harbour adds that it is committed to transparency and safety and holds all fiat and crypto funds in insolvency remote accounts so users’ assets are never at risk, and plans to establish on-chain proof of solvency for both crypto and fiat assets, allowing users to independently verify their balances and transactions.

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