Tangem
Sold millions of card-shaped hardware wallets, then made the wallet itself spendable: Tangem Pay (Dec 2025) turns self-custodied USDC into a Visa — the hardware company quietly becoming a neobank.
Card-shaped hardware wallet maker; Tangem Pay spends self-custodial USDC on Polygon — live US/LatAm/APAC/MEA, EU/UK planned.
- Who holds it
- You do. Funds sit on-chain in a wallet the company cannot freeze.
- The ledger
- The blockchain — no company keeps the authoritative record.
- If it fails
- Nothing on the company side to fail; but lose your keys and the money is gone for good.
Derived from Tangem’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | web3-native |
| HQ | Zug, CH |
| Founded | 2017 |
| Custody | Self-custodial |
| Regulation type | Self-custodial software |
| License detail | Self-custodial; funds in a user-controlled smart contract (USDC on Polygon); card by Paera LLC, issued by Third National via Rain |
| Card | Visa · Virtual (physical planned) |
| Cashback | Up to 4% (promo) |
| Stablecoins | Yes |
| KYC | Card only |
| Active regions | North America, Europe, Latin America, Africa, MENA, Asia, Oceania |
| Countries | Global |
| Founders | Andrey Kurennykh, Andrew Pantyukhin, Andreas Schmucki |
| Funding | ~$23M raised ($15M SBI Group 2019; Shima Capital 2023) |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @tangem ↗
Common questions about Tangem
What is Tangem?
Tangem is a self-custodial, on-chain-first neobank, headquartered in Zug, CH and founded in 2017. You hold the keys: Tangem never takes custody of your funds. It is software rather than a licensed institution (Self-custodial; funds in a user-controlled smart contract (USDC on Polygon); card by Paera LLC, issued by Third National via Rain).
Does Tangem have a card, and where can you use it?
It issues a Visa virtual (physical planned) card, and identity checks apply to the card but not to the wallet. It is available in all 7 world regions tracked here.
Does Tangem require KYC?
Partly. You can use Tangem itself without verifying your identity, but ordering its card requires KYC.
What does Tangem cost?
From the verified fields: cashback Up to 4% (promo). Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Tangem before relying on them.
Early investors
Peers
Phantom · Zengo · MiniPay · Eco (Beam) · Dakota · MetaMask
Tangem appears in
Neobanks that never hold your money (53) · Neobanks where only the card requires ID (33) · Neobanks available in North America (127) · Neobanks available in Europe (145) · Neobanks available in Asia (133) · Neobanks available in Oceania (73) · Neobanks available in Latin America (114) · Neobanks available in Africa (93) · Neobanks available in MENA (86) · Neobanks that issue a Visa card (183) · Neobanks in Switzerland (11)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.