CoinPip

cryptocurrencyblockchain

FOUNDING YEAR: 2014
LOCATION: Singapore
Last Update: 10/07/2020

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About

CoinPip is a B2B blockchain-based payment service for businesses, helping them make cheaper an faster payments to vendors, suppliers and remote workers.

MEDICI Analysis

CoinPip is a B2B blockchain-based payment service for businesses, helping them make cheaper and faster payments to vendors, suppliers and remote workers.

Focus

PRODUCTS & SERVICES

Bitcoin Wallet

REVENUE MODEL

Transaction Based Revenue Model (2%), Trading and Arbitraging (0.8%)

MAIN CLIENTS

Prosky,Artboard,Paykind,Coinding,

EXISTING PARTNERSHIPS

SFOX,Maicoin,Melotic,Coins,ph,bitx

PRIMARY PROBLEM SOLVED

Sending money to frontier markets in Southeast Asia is super challenging. These countries include Vietnam, Philippines, Thailand, Indonesia. We found a way to use blockchain to reduce the currency spreads hence settle payments quickly and cheaply. On the side note, we've also solved the problem that SWIFT can't solve, which is, the one way corridors. We can send money, say US to Philippines, profitably.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

Traction

VALUATION / MARKET CAP:

$680 K in 2015

REVENUE COMMENT:

The more cryptocurrencies that spring up, the more arbitraging opportunities, the more profitable CoinPip will be

NUMBER OF TRANSACTIONS:

3 K

TRANSACTIONS VALUE:

6.5 M

TRANSACTIONS COMMENT:

QoQ growing at 57%. Expected over 7mil by end of 2016

ACTIVE USERS:

1700

People

FOUNDERS

Anson Zeall

Alexander Angerer

Arseniy Kucherenko

BOARD MEMBERS AND ADVISORS

Asghar Shah

Hooi Yen Chin

Anson Zeall

Yu Sing Chew

Brian Maher

NUMBER OF EMPLOYEES

1-10

INVESTORS:

500 Startups

Blue Angels Ventures

Coblestone

KEY EMPLOYEES:

Ivan Granados

COMMENT:

Lean,Mean. Will be cash flow positive in the first half of 2017. So better get on the train asap! :)

Momentum

FUNDED

YES

TOTAL FUNDING

$100 K

DATE OF LAST FUNDING

Dec 2016

SEED & PRIOR FUNDING

$100 K

SEED CLOSED ON

Nov 2014

LISTED

NO

For Investors

FUNDING NEEDED:

$500 K

USES OF FUNDS RAISED:

1. Market Expansion

2. Compliance

MONTHS LEFT WITH CURRENT CASH BURN RATE:

24 months from 3 Apr, 2017

Innovation Programs

BASICS

FOUNDING YEAR:

2014

LOCATION:

Singapore

Views:

742 VISITORS | 1994 VIEWS
LATEST FUNDING ROUND

$100 K

TOTAL EMPLOYEES
1-10

About

CoinPip is a B2B blockchain-based payment service for businesses, helping them make cheaper an faster payments to vendors, suppliers and remote workers.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

CoinPip is a B2B blockchain-based payment service for businesses, helping them make cheaper and faster payments to vendors, suppliers and remote workers.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

Innovation Programs

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CoinPip

About

CoinPip is a B2B blockchain-based payment service for businesses, helping them make cheaper an faster payments to vendors, suppliers and remote workers.

Focus

PRODUCTS & SERVICES

B2B Money Transfer Service

REVENUE MODEL

Transaction Based Revenue Model (2%), Trading and Arbitraging (0.8%)

TOP PROBLEM SOLVED

Sending money to frontier markets in Southeast Asia is super challenging. These countries include Vietnam, Philippines, Thailand, Indonesia. We found a way to use blockchain to reduce the currency spreads hence settle payments quickly and cheaply. On the side note, we've also solved the problem that SWIFT can't solve, which is, the one way corridors. We can send money, say US to Philippines, profitably.

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

KEY DIFFERENTIATORS

Pure 100% blockchain-based money transfers

PRIMARY CUSTOMER TYPE

Enterprise - Retailers

Enterprise - Others

Small and Medium Business - Online Retail

Small And Medium Business - Other

People

FOUNDERS

Anson Zeall

Alexander Angerer

Arseniy Kucherenko

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO, FOUNDER: Anson Zeall

CTO: Anson Zeall

Chief Developer: Ivan Granados

FOUNDER: Alexander Angerer

FOUNDER: Arseniy Kucherenko

TEAM COMMENT:

Lean,Mean. Will be cash flow positive in the first half of 2017. So better get on the train asap! :)

BOARD MEMBERS AND ADVISORS:

Asghar Shah, Hooi Yen Chin, Anson Zeall, Yu Sing Chew, Brian Maher

INVESTORS:

500 Startups

500 Startups

500 Startups

500 Startups

Blue Angels Ventures

Coblestone

Momentum

FUNDED

YES

TOTAL FUNDING:

$650 K

LISTED

NO

FUNDING SERIES
Seed --- USD650 K at a USD6.5 Mvaluation Comment on Seed Cap at 6.5mil

Comment on Valuation

Raising C Note. No Valuation. Cap at 6.5mil 500 Startups Blue Angels Ventures Coblestone