Ali Shaikhaπ Startup #13: Rain
Segment: DeFi / Business Model: B2B / Stage: Seed https://www.raincards.xyz/Purpose: Corporate card built for Web3 teams to be able to access their funds and manage spend Problem: As Web3 teams grow accessing your funds and managing spend becomes complicated, where you need to use a centralized exchange to access your funds Solution: A corporate card that syncs to a decentralized wallet and allows teams to access their funds easily and track their spending Team:Charles Naut - Co-founderFarooq...
Ali Shaikhaπ Startup #12: Chaingrep
Segment: Infrastructure / Business Model: B2B / Stage: Seed https://chaingrep.com/Purpose: Making on-chain data easy to ready and understand Problem: Blockchains are fairly complex and understanding how protocols work is challenging. This complexity is preventing adoption of crypto the the masses. Solution: An API that converts strings of data which are random numbers and letter to easy to understand words formulated into sentences. Team:Merwane Drai - Co-founder and CEORosco Kalis - Co-found...
Ali Shaikhaπ Startup #8: Dialect
Segment: DeFi / Business Model: B2C / Stage: Seed https://www.dialect.to/Purpose: Web3 messaging technology to provide wallets a secure way to communicate on Solana Problem: Not all users want to dox their emails or phone numbers to communicate or receive notification in the Web3 environment (sharing personal information isnβt ideal). This is particularly the case for DeFi users or on-chain gamers Solution: Communicate directly from wallet to wallet and dapp notifcations, without the need for...
Crypto enthusiast. I'm obsessed with what the future could look like and the interesting startups creating this space. X-ice cream addict.
Ali Shaikhaπ Startup #13: Rain
Segment: DeFi / Business Model: B2B / Stage: Seed https://www.raincards.xyz/Purpose: Corporate card built for Web3 teams to be able to access their funds and manage spend Problem: As Web3 teams grow accessing your funds and managing spend becomes complicated, where you need to use a centralized exchange to access your funds Solution: A corporate card that syncs to a decentralized wallet and allows teams to access their funds easily and track their spending Team:Charles Naut - Co-founderFarooq...
Ali Shaikhaπ Startup #12: Chaingrep
Segment: Infrastructure / Business Model: B2B / Stage: Seed https://chaingrep.com/Purpose: Making on-chain data easy to ready and understand Problem: Blockchains are fairly complex and understanding how protocols work is challenging. This complexity is preventing adoption of crypto the the masses. Solution: An API that converts strings of data which are random numbers and letter to easy to understand words formulated into sentences. Team:Merwane Drai - Co-founder and CEORosco Kalis - Co-found...
Ali Shaikhaπ Startup #8: Dialect
Segment: DeFi / Business Model: B2C / Stage: Seed https://www.dialect.to/Purpose: Web3 messaging technology to provide wallets a secure way to communicate on Solana Problem: Not all users want to dox their emails or phone numbers to communicate or receive notification in the Web3 environment (sharing personal information isnβt ideal). This is particularly the case for DeFi users or on-chain gamers Solution: Communicate directly from wallet to wallet and dapp notifcations, without the need for...
Crypto enthusiast. I'm obsessed with what the future could look like and the interesting startups creating this space. X-ice cream addict.
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Segment: DeFi / Business Model: B2B / Stage: Seed
Purpose: Wallet platform designed to offer custody of digital assets
Problem: As more companies come into crypto they will want to hold (have custody) of their digital assets. Setting up a custody wallet is easy, but navigating security and regulation can be tricky
Solution: A white-label custody product where companies can be up and running easily and secure their digital assets
Team:
Martin Kreitmair - Co-founder and CEO
Alexey Utin - Co-founder and CTO
Christopher Zapf - Co-founder and CPO
Traction:
Funding: Rasied β¬7M seed round in Apr 22 from Nauta Capital, HTGF and C3 Management
Growth: Managing over β¬400M of digital assets under custody, increasing revenue 5x in the last 4 months
Customers: Working with Tezos Foundation, Quirin Privatbank and Exporo
Positive Signals:
Traction: Looking like a rocket ship, 5x revenue is 4 months this year already
Financials: Have been growing through their own profitability
Customers: Last year alone they onboarded 25 new customers
Funding: Were 4x oversubscribed in the latest round
Risks:
Market: Very noisy with a lot of players, but they are carving out the backend to enable anyone to safely manage their own digital assets
Segment: DeFi / Business Model: B2B / Stage: Seed
Purpose: Wallet platform designed to offer custody of digital assets
Problem: As more companies come into crypto they will want to hold (have custody) of their digital assets. Setting up a custody wallet is easy, but navigating security and regulation can be tricky
Solution: A white-label custody product where companies can be up and running easily and secure their digital assets
Team:
Martin Kreitmair - Co-founder and CEO
Alexey Utin - Co-founder and CTO
Christopher Zapf - Co-founder and CPO
Traction:
Funding: Rasied β¬7M seed round in Apr 22 from Nauta Capital, HTGF and C3 Management
Growth: Managing over β¬400M of digital assets under custody, increasing revenue 5x in the last 4 months
Customers: Working with Tezos Foundation, Quirin Privatbank and Exporo
Positive Signals:
Traction: Looking like a rocket ship, 5x revenue is 4 months this year already
Financials: Have been growing through their own profitability
Customers: Last year alone they onboarded 25 new customers
Funding: Were 4x oversubscribed in the latest round
Risks:
Market: Very noisy with a lot of players, but they are carving out the backend to enable anyone to safely manage their own digital assets
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