Block Earner

Block Earner is an Australian financial technology company, trading entity Web3 Ventures Pty Ltd (ACN 655 090 869), that provides blockchain-based consumer and business finance products. Its core offering is crypto-backed AUD lending: customers pledge Bitcoin, Ethereum or XRP as security and borrow Australian dollars without selling their holdings. Two products are marketed — a Line of Credit with a fixed rate for 12 months (advertised 9.50% interest, 11.93% comparison rate, minimum AUD 50) and a Fixed Term loan of three to five years (advertised 11.50% interest, 12.17% comparison rate, minimum AUD 3,000). Both carry a 2% origination fee, a maximum 50% loan-to-value ratio, a maximum loan size of AUD 5 million, a 30-day grace period to restore LVR, and no early repayment fees; loans can be repaid in crypto or AUD. Credit is provided by Web3 Loans Pty Ltd (ACN 668 516 952) and managed by Web3 Ventures under Australian Credit Licence 542689.

Beyond lending, Block Earner operates a cryptocurrency exchange supporting more than 350 coins traded against AUD, with AUD deposits and withdrawals via bank transfer and PayID, a minimum purchase of AUD 1, plus a cash account, SMSF accounts and OTC services. Accounts are available in personal, business, SMSF and trust structures, each with defined KYC document requirements. The company is registered with AUSTRAC as a digital currency exchange provider and operates under an authorised representative arrangement of an Australian Credit Licence holder, and is a member of the Digital Economy Council of Australia (DECA) and FinTech Australia. Apps are available on iOS and Android.

The company previously offered a fixed-yield digital asset product called Earner, which it shut down in 2022 and which became the subject of litigation brought by the Australian Securities and Investments Commission.

Founding story

Block Earner was founded in 2021 by Charlie Karaboga (Co-founder and CEO) with co-founders James Coombes and Jordan Momtazi. Karaboga previously spent over 15 years in telecom, payments and crypto, including at Vodafone Group and as a founding team member of Synthetix in 2017, and holds an M.Sc. in Technology Management and a B.Sc. in Industrial Engineering. The stated founding motivation was to provide an alternative for savers facing record-low interest rates and to bring blockchain-based finance to everyday consumers.

Business model

Block Earner earns revenue from lending and trading activity: crypto-secured AUD loans carry a 2% origination fee and fixed interest rates (advertised at 9.50% for the 12-month Line of Credit and 11.50% for the 3-5 year Fixed Term product), while its exchange charges published buy/sell fees on trades across 350+ coins. Additional products include a cash account, SMSF accounts and OTC services.

Interest income and origination fees on crypto-backed AUD loans, plus transaction fees on crypto buy/sell activity.

Traction

The website states the platform is trusted by thousands of Australians and supports over 350 coins with new coins added monthly. It cites loans of AUD 50 up to AUD 5 million funded within 24 hours. Media coverage reports a $75 million valuation at the August 2025 Series A. No user, loan-book or revenue figures are disclosed in the sources.

Latest developments

In August 2025 Block Earner announced an $8 million Series A led by CMCC Global's Titan Fund with support from King River Capital at a $75 million valuation, earmarked for domestic growth, product expansion and early moves into international markets. Its regulatory dispute with ASIC continued, with the regulator taking the matter to the High Court after losing on appeal in April 2025. The website advertises 2026 awards from FinTech Australia and WeMoney.