Unbanked

Connecting DeFi and cryptocurrencies to banks, cards, and other legacy finance

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Amount Raised: $2,233,981
Security Type
Crowd SAFE
Categories
Technology
Min Investment
$250
Location
ALPHARETTA, GA
Offering Date
January 24, 2022
Expected Close Date
April 14, 2023
Target Raise
$10.00K-$2.76M
No. Investors
82
Security Price
$1
Website
unbanked.com
Number of Employees
32
Cash
$928,804
Revenue
$19,850,760
Short Term Debt
$0
Cost of Goods
$14,700,506
Long Term Debt
$2,418,078
Net Income
$114,063

Company Description

Unbanked offers a suite of financial products designed to give your cryptocurrency real-world utility. Whether pairing with one of today’s leading payment digital payment platforms like Apple Pay, or swiping your card in person at one of the millions of supported locations worldwide, Unbanked puts your money back in your hands.

Key Deal Facts

A global neo-bank platform built on blockchain technology
VISA FastTrack Enablement partner for B2B Card Issuing & Program Management
Bank accounts are available in over 200 countries & territories
Audited revenue: $1.7M in 2019, $9.3M in 2020, $20M forecasted in 2021
2 previous oversubscribed rounds—totaling $1.4M raised
Blockchain- and cryptocurrency-agnostic
Over 10 white label customers including Paxful, Nexo, Litecoin Foundation

Management Team / Advisory Board Bios

Ian Kane
Co-founder
Featured in Superheroes

Daniel Gouldman
Co-founder

Keith Johnson
GM

Natalia Radyushkin
CFO

Corey Ballou
CTO

Anne Blanchard
Head of HR

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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