Weltio (YC S22)

LatAm AutoInvesting in securities and crypto

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Security Type
Technology, Retail, Crypto & Blockchain, Financial Services, Community & Lifestyle, Other
Min Investment
Miami, FL
Expected Close Date
April 29, 2024
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

Wealth Management ecosystem with live instant local cash rails, 5-min eKYC, and tailored portfolios
Launched 8 weeks ago, $85k AUMs from 850+ users, growing at 10-20% per week
Globally experienced team from Klarna and McKinsey; MBAs from London Business School, and IESE
Market of $60b+ in AUMs from 40M+ accounts
$950k+ raised including 3 VCs, funded by 2 unicorn founders, top tech leaders, and industry experts

Management Team / Advisory Board Bios

David Abusaid Co-Founder & CEOBS Civil Engineering at Tec de Monterrey, MBA from IESE Business School in Barcelona. More than 12 years of experience providing consulting services to financial institutions, working in more than 15 countries globally with McKinsey and Oliver Wyman., George Marvin Co-Founder4 years+ of PM experience at Klarna and Wayfair, previously he helped traditional financial institutions with digital transformation for 8 years of consulting at McKinsey. MBA from London Business School, and BS in mechatronics eng from Tec de Monterrey.
Amount Raised : $110,186
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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