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. 

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.