TenX
The crypto debit-card service was discontinued
A Singapore-based wallet app and crypto-funded Visa debit card, started by Austrian founders, that let users spend Bitcoin, Ether and other assets at ordinary merchants.
- Capital raised (announced)
- Estimated
Recorded announced backing; this is separate from cash received, customer deposits and money recovered.
Funding
| Round | Date | Announced | Investors |
|---|---|---|---|
| Seed | 2017 |
| |
| PAY token sale (ICO) | 2017 | Not disclosed |
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| Toby Hoenisch | — | Co-founder of Mimo | Oct 2026 | |
| Julian Hosp | — | CIO @ Family-Office, with a focus on AI | Oct 2026 |
Timeline
June 2015
24 June 2017
Roughly 4,000 people took part directly and several thousand more through pools. The sale took in about 45,000 Ether more than planned; the company kept the excess and offered refunds on request.
May 2020
26 June 2020
The company said users could still store, send and receive crypto in the app.
9 October 2020
Services for Asia-Pacific customers had already stopped after Singapore's regulator barred Wirecard's local unit from processing payments; card and in-app Bitcoin purchases were to be switched off in Europe too.
12 January 2021
Sign-ups and deposits were disabled and users were told to withdraw; storage and withdrawal fees applied to remaining balances from 1 April 2021.
9 April 2021
Community, we've been hard at work building the future. So, while you were with us during TenX -- please join us and be part of this new exciting chapter. Welcome to Mimo! @mimodefi
How it ended
Pivoted away
The card was frozen for UK and European users in June 2020 after its issuer, a Wirecard subsidiary, was caught up in Wirecard's insolvency, and by October 2020 it had been deactivated in Asia-Pacific and Europe. On 12 January 2021 the company announced it would discontinue its services, disabled sign-ups and deposits, and told users to withdraw their funds, with fees on remaining balances from April. It then presented a new project, Mimo, a euro-pegged stablecoin protocol.
Still alive
Open spot
TenX is gone. Is your crypto card still running?
Spotlight your project here.
Sources
13 sources behind this page.
- 1Crypto payment and wallet app TenX shuts down · CryptoNinjas · Jan 2021
- 2TenX raises roughly $80 million for cryptocurrency payment system for everyday life · CryptoNinjas · Jun 2017
- 3Crypto.com, TenX crypto debit cards frozen following Wirecard scandal · Decrypt · Jun 2020
- 4Julian Hosp (guest page; episode of 22 June 2021) · Futurized podcast · Jun 2021
- 5Krypto-Start-up TenX: Wirecard-Partner in Asien stellt Dienst ein · Handelsblatt · Oct 2020
- 6Enfin un stablecoin crédible adossé à l'Euro ? Mimo Capital introduit le PAR · Journal du Coin · May 2021
- 7Mimo Capital AG homepage · Mimo Capital AG
- 8Gebeuteltes Krypto-Startup TenX bastelt jetzt an einem Euro-Stablecoin · Trending Topics · Jan 2021
- 9TenX: Einst gehyptes Krypto-Startup muss seine Dienste vorläufig einstellen · Trending Topics · Oct 2020
- 10@tenxwallet post introducing Mimo · twitterapi.io · Apr 2021
Show 3 moreShow fewer
- 11X account record for @tenxwallet · twitterapi.io
- 12TenX posts naming its co-founders, June 2017 to March 2018 · X, retrieved via twitterapi.io · Mar 2018
- 13X user search for "Julian Hosp", including the @julianhosp profile · X, retrieved via twitterapi.io
Every figure above is clickable and opens the sources behind it. Copies were stored when each source was read, so a citation still resolves after the page it came from is gone.