Kript

wealthtech (retail)cryptocurrencyblockchain

FOUNDING YEAR: 2017
LOCATION: Singapore
Last Update: 01/05/2020

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About

Kript.io is a blockchain-based mobile app for investment in hundreds of crypto assets.

MEDICI Analysis

Kript.io is a blockchain-based mobile app for investment in hundreds of crypto assets.

Focus

PRODUCTS & SERVICES

Advisor The application understands what information the user is interested in receiving in real-time Notification system The application delivers the information through inApp/Push proactively and not on request Social network All decisions can be discussed with other users Exchange An opportunity to buy or sell crypto assets directly in the app

REVENUE MODEL

transaction fee

MAIN CLIENTS

Retail investors

Retail Cryptocurrency consumers

PRIMARY PROBLEM SOLVED

A crypto market, like any other markets, is developing evolutionarily — among all created “infrastructural” elements there are three types of interfaces that attract investors — crypto exchanges, wallets, and funds. Those wallets that allow you to buy a cryptocurrency for fiat (as in Coinbase, for example) are just buy&sell platforms with a small number of available types of cryptocurrencies. It’s convenient to enter the market but not enough to invest in various assets that grow and fall with different dynamics, giving you an opportunity to earn more than simply investing in BTC/ETH. This is the reason of why users after exchanging fiat to BTC start to trade on the crypto market. Crypto exchanges are professional interfaces with the market depth, candlesticks, order books, complex types of orders, and other functions that only active traders need. Most of the users can’t understand and use these exchanges. Funds are only focused on the regulation and security problems ( as Satoshi, for example) as well as ineffective management. They don’t meet the investors’ needs, which are “participation in the process and control”. These needs are essential for users. Wallets and exchanges are completely deprived of the service component of “traditional brokers” — analytics, recommendations, support, and advice.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

Traction

REVENUE

$0 - $99k in 2017

ACTIVE USERS:

2000 Million in 2017

People

FOUNDERS

Ruslan Smirnov

BOARD MEMBERS AND ADVISORS

Alex Yakovlev

NUMBER OF EMPLOYEES

11-50

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

$1 M

MONTHS LEFT WITH CURRENT CASH BURN RATE:

9 months from 27 Oct, 2017

COMPETITORS:

coindash

santiment

BASICS

FOUNDING YEAR:

2017

LOCATION:

Singapore

Views:

61 VISITORS | 474 VIEWS
TOTAL EMPLOYEES
11-50

About

Kript.io is a blockchain-based mobile app for investment in hundreds of crypto assets.

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

Kript.io is a blockchain-based mobile app for investment in hundreds of crypto assets.

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

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Kript

About

Kript.io is a blockchain-based mobile app for investment in hundreds of crypto assets.

Focus

PRODUCTS & SERVICES

Advisor The application understands what information the user is interested in receiving in real-time Notification system The application delivers the information through inApp/Push proactively and not on request Social network All decisions can be discussed with other users Exchange An opportunity to buy or sell crypto assets directly in the app

REVENUE MODEL

transaction fee

TOP PROBLEM SOLVED

A crypto market, like any other markets, is developing evolutionarily — among all created “infrastructural” elements there are three types of interfaces that attract investors — crypto exchanges, wallets, and funds. Those wallets that allow you to buy a cryptocurrency for fiat (as in Coinbase, for example) are just buy&sell platforms with a small number of available types of cryptocurrencies. It’s convenient to enter the market but not enough to invest in various assets that grow and fall with different dynamics, giving you an opportunity to earn more than simply investing in BTC/ETH. This is the reason of why users after exchanging fiat to BTC start to trade on the crypto market. Crypto exchanges are professional interfaces with the market depth, candlesticks, order books, complex types of orders, and other functions that only active traders need. Most of the users can’t understand and use these exchanges. Funds are only focused on the regulation and security problems ( as Satoshi, for example) as well as ineffective management. They don’t meet the investors’ needs, which are “participation in the process and control”. These needs are essential for users. Wallets and exchanges are completely deprived of the service component of “traditional brokers” — analytics, recommendations, support, and advice.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

KEY DIFFERENTIATORS

Interface Virtual Digital Advisor Content

PRIMARY CUSTOMER TYPE

Consumer

PRODUCT ATTRIBUTES

Customer facing

People

FOUNDERS

Ruslan Smirnov

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

CEO: Phil Joslin

CTO: Serge Tishinov

FOUNDER: Ruslan Smirnov

BOARD MEMBERS AND ADVISORS:

Alex Yakovlev

Momentum

FUNDED

NO

TOTAL FUNDING:

$500 K

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed Aug 2017 --- USD500 K at a USD3 Mvaluation Impulsevc