Islamabad, Pakistan & Dubai, UAE – Sep 15, 2025: LocationBits, an innovative community-driven global location encyclopaedia leveraging AI, blockchain, and crypto rewards, today announced a strategic partnership with FasterCapital through its EquityPilot program. This collaboration aims to accelerate LocationBits’ mission to democratize access to reliable, localized location data while empowering underserved communities worldwide. The partnership will focus on market expansion primarily across Pakistan and global markets, combining LocationBits’ cutting-edge technology with FasterCapital’s global network and investment expertise.
Addressing a $50 Billion Market Opportunity
The global location-based services market is projected to reach $50 billion by 2025, growing at a 15% CAGR, driven by rising demand for hyper-local data and gig economy opportunities. Despite the dominance of platforms like Google Maps and Wikipedia, billions still lack access to real-time, verified, and inclusive location information—especially persons with disabilities (PWDs) and underserved communities facing economic challenges. LocationBits addresses these inefficiencies by creating a decentralized, incentive-driven platform that rewards users with cryptocurrency for contributing verified, hyper-local insights, filling a critical gap in the market.
LocationBits’ Innovative Solution and Market Differentiation
LocationBits empowers users worldwide to contribute location data—such as reviews, photos, and accessibility details—via a mobile and web platform secured by blockchain technology. AI-driven validation tools, including image recognition and sentiment analysis, ensure data accuracy and reliability. Unique to LocationBits is its inclusive design specifically supporting PWDs and underserved groups, enabling micro-earning opportunities to combat inflation and unemployment. Early traction includes a growing user base and successful PWD-focused campaigns, positioning LocationBits as the only platform rewarding real-time, verified location insights with crypto. This defensible positioning leverages blockchain transparency and community incentives to create a trusted, scalable ecosystem.
Strategic Partnership with FasterCapital Accelerates Growth
Through the EquityPilot program, LocationBits gains access to FasterCapital’s global mentorship, capital-raising expertise, and a selective network of industry leaders. FasterCapital’s rigorous selection criteria underscore LocationBits’ potential as a high-impact startup in the blockchain and AI space. The partnership includes tailored support for product development, marketing acceleration, and strategic guidance to achieve rapid user acquisition and market penetration. Expected outcomes include reaching key milestones within 18 months and successfully closing a $1 million seed round to fuel further innovation and expansion.
Executive Perspectives
Hesham Zreik, Founder and CEO of FasterCapital, stated:
“LocationBits exemplifies the future of location-based services by combining blockchain transparency with AI-powered validation and a truly inclusive community model. Their vision aligns perfectly with FasterCapital’s mission to empower startups that leverage emerging technologies to solve real-world problems. We are excited to support LocationBits through our EquityPilot program and help accelerate their journey toward market leadership.”
Muhammad Shahbaz, Founder and CEO of LocationBits, commented:
“Our partnership with FasterCapital is a pivotal milestone that validates our innovative approach to decentralizing location data. With their strategic support, we are poised to scale rapidly, empower millions globally—including underserved communities—and redefine how people discover and share information about places. Together, we will revolutionize the location services landscape.”
Growth Trajectory and Future Plans
LocationBits plans to leverage the partnership to enhance its AI and blockchain integrations, expand user acquisition campaigns targeting PWDs and early adopters, and develop premium business subscription services. The startup aims to capture 2% of the $5 billion community-driven location platform market within three years, reaching one million users by 2028. The upcoming $1 million seed funding round will support product development, marketing, and team expansion, fuelling LocationBits’ vision to become the world’s leading decentralized location platform.
About LocationBits
Founded by cybersecurity and blockchain expert Muhammad Shahbaz, LocationBits is a community-driven global location encyclopaedia that incentivizes real-time, verified location insights through AI, blockchain, and cryptocurrency rewards. The platform is designed to be inclusive, supporting persons with disabilities and underserved communities worldwide. LocationBits aims to create a transparent, reliable, and accessible global knowledge hub that empowers users to earn by sharing local insights.
About FasterCapital
FasterCapital is a global venture builder and online incubator dedicated to co-funding and co-founding innovative startups. Established in 2014, we are now the #1 venture builder in terms of the number of startups that we have helped, money invested and money raised. It supports startups worldwide through various programs, including funding assistance, business development, and technical support. The EquityPilot program is designed to help early-stage startups build scalable solutions with mentorship, strategic guidance, and network support.
