Logo
Consumer wallets and applications

Fulgur Ventures invests in Amber

22 Oct 2019

Fulgur Ventures

3 min read

Amber is a Brisbane-based Bitcoin-only accumulation app that pairs dollar-cost averaging, buy-the-dip automations, and self-custody tools to help Australians turn long-term saving into a low-effort daily habit.

Australia produces a particular kind of Bitcoin company: opinionated, low-time-preference, and built for people who plan to hold for decades rather than trade for weeks. Amber is a flagship example. Founded in Brisbane in 2017 by Aleksander Svetski, Chantelle de la Rey, and Tylor Stewart, the company is a Bitcoin-only platform with a clear promise to its users: set up your bitcoin life.

Amber pairs effortless dollar-cost averaging with smart buy-the-dip automations and integrated self-custody tools. The product is engineered around the rhythms of saving rather than the noise of speculation. Users can schedule recurring buys, set price-triggered orders, and withdraw on demand to their own wallets, turning bitcoin accumulation into something that fits between the school run and a morning coffee.

Our thesis at Fulgur Ventures has always emphasized Bitcoin-only teams who design for the holder, not the speculator, and who treat sovereignty as a feature rather than an afterthought. Amber fits squarely. The company resists the gravitational pull of altcoin listings and trading volumes that defines so much of the exchange business, choosing instead to deepen its product around a single, durable monetary asset.

Australia and New Zealand together represent a sophisticated, financially literate user base hungry for an alternative to legacy super and savings products. Amber is positioned to be the default front door for that audience and, increasingly, for international users who recognize the value of a Bitcoin-only experience. The market for disciplined long-term accumulation is far larger than the market for casino-style trading.

We invested in Amber in 2019 because we saw a team with conviction, craft, and the right values for a multi-decade build. Years later, that conviction has only deepened. Amber continues to set the standard for what a Bitcoin-only consumer app can be, and we are proud to keep backing the company as it scales.