Vexl, a Czech app for peer-to-peer bitcoin without KYC (part of the SatoshiLabs group), is entering its next growth phase. Viliam Klamarčík takes over as CEO, with priorities including improving user experience, driving global expansion, and strengthening Vexl's presence in markets where bitcoin is actually being used.
“Vexl hasn’t been a small community side-project for a long time. We now have over 17,000 users and we’re growing rapidly in several regions at once. I want to strengthen execution while at the same time while making more room for strategy and scaling. It’s also crucial for me to keep Vexl true to the reason it was created – as a tool that lets people use bitcoin freely, without permission, without data collection, and without intermediaries,” says Viliam Klamarčík, CEO of Vexl.
From tech consulting and founding a startup to leading a non-profit
Klamarčík brings experience from technology and consulting, having worked in the Salesforce ecosystem before co-founding Bluez, a company he helped scale through to its acquisition by Rockaway Group.This mix of corporate and startup experience gives him a useful perspective: he understands how business works, while also knowing how to build a mission-driven project from the ground up – in Vexl’s case around personal and financial freedom.
He is now taking over the CEO role from Lea Petrášová, Vexl’s co-founder, who has led the company since 2021.
“I’m staying at Vexl as a strategic partner – the ‘spiritual mother’ of the project – and my goal now is to focus more on its long-term vision and strategy. That’s why I’m passing the baton to someone who deeply understands our product, our team, and above all our mission and philosophy. I believe Viliam will complement me perfectly and together we can grow Vexl into a truly significant global project where every user stays in control of the privacy of their money,” explains Lea Petrášová, co-founder of Vexl.
Growing network in Czechia and expansion abroad
Since launching in 2022, Vexl has grown to more than 17,000 users who together form millions of connections, a "Web of Trust." On Vexl, you don’t trade with complete strangers, but with people who are part of your broader social circle: your friends, friends of friends, and people connected through the shared communities. The highest number of trust connections is naturally among Czech users – almost 8 million – followed by Slovakia with 1.6 million, and Germany with just under half a million connections. “We’re now entering a growth phase that requires more operational management, tighter alignment across teams, ongoing product development, and further international expansion. In the long term, we want to bring Vexl to places where peer-to-peer bitcoin buying makes the most sense – regions where bitcoin is actually used, not just traded. In Europe, we’ll focus primarily on the DACH region and the UK, and we also want to grow in Africa and Latin America, where we’re already seeing strong organic demand,” adds Klamarčík.
New version of the app aims beyond the bitcoin-only crowd
Vexl is currently undergoing a redesign to make the app more intuitive and engaging. New community-focused features will help users better connect the social layer of the platform – including gamification elements and expanded language options. The new version will start rolling out in spring 2026 and is designed to deliver higher speed, improved security, and an overall better user experience.
Vexl’s goal is to be the first app people think of when they want to buy or sell bitcoin peer-to-peer without KYC. The planned updates are meant to appeal not only to existing bitcoiners, but also to so-called pre-coiners and no-coiners.
Backed by leading foundations
In January 2025, Vexl received a grant from the global non-profit Human Rights Foundation, which supported 20 projects worldwide. Vexl used the funds to further develop the app, improve its cryptography and security, and support local communities in Africa. Prior to that, Vexl received additional grants totalling 120,000 USD from the non-profit organization OpenSats.
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About Vexl
Vexl is a mobile app that enables secure peer-to-peer bitcoin trading without the need for KYC (“know your customer”). It combines elements of social marketplaces and trust networks, allowing users to buy and sell bitcoin directly with one another. Vexl puts a strong emphasis on privacy, decentralization, and community collaboration. The project is part of the SatoshiLabs technology group and, as a non-profit initiative, represents a gift to the community with a clear mission: to take bitcoin out of the hands of institutions and put it back into the hands of people. More about Vexl at Vexl.it



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