Postmates founder Bastian Lehmann set to launch crypto startup: report

Bastian Lehmann, founder of the Uber-acquired food delivery service Postmates, is reportedly set to launch a startup in the cryptocurrency sector as he becomes the latest tech figure to jump into web3.

Lehmann's LinkedIn profile says he's currently working on a startup in stealth mode and in February he filed to register a company in the US state of Delaware under the name Tiptop Labs, according to German fintech publication Finance FWD


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Although covered by black bars, Tiptop Labs' website says it will set out to build a financial solution that bridges fiat with crypto. The company is also currently hiring a blockchain engineer to work on systems at "the intersection of fiat and crypto."

Lehmann didn't immediately reply to a LinkedIn message from The Block seeking comment. 

The news follows previous trickles of talent from traditional tech roles to more crypto-focused projects. Earlier this month, Binance hired several ex-Microsoft and Agoda execs to develop its web3 offerings. Last month, it was reported that Polygon Studios hired ex-Electronic Arts exec Michael Blank and Young Ko, who previously was VP at Penske Media. 

About Author

Tom is a deals reporter at The Block covering venture capital, fundraises, fintech and M&A. Before joining, he was an editorial intern at the FT-backed platform Sifted where he reported on neobanks, payment firms and blockchain startups. You can reach him by email at [email protected] or Telegram @tommatsuda.