Melotic

cryptocurrency

FOUNDING YEAR: 2014
LOCATION: China
Last Update: 17/07/2020

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!

About

Melotic is creating a way to send and receive money, using bitcoin.The company is developing a mobile application that lets users send, receive, and convert money from their phone. Same currency transactions are free, and exchange rates are close to the inter-bank rate.

Focus

PRODUCTS & SERVICES

Bitcoin based remittance

REVENUE MODEL

Melotic was initially formed to be a multi-asset exchange facility between digital assets. However, as it failed to generate enough revenue, they shut down that operations in May 2015. However, they partnered with Coinpip and are providing a closed beta remittance program now. They also claim to bebuilding a secret product that would be launched soon.

MAIN CLIENTS

Online retails consumers

EXISTING PARTNERSHIPS

Coinpip

Traction

VALUATION / MARKET CAP:

$7.8 M in 2015

Momentum

FUNDED

YES

TOTAL FUNDING

$1.18 M

DATE OF LAST FUNDING

Oct 2014

SEED & PRIOR FUNDING

$1.18 M

SEED CLOSED ON

Oct 2014

LISTED

NO

BASICS

FOUNDING YEAR:

2014

LOCATION:

China

Views:

102 VISITORS | 245 VIEWS
LATEST FUNDING ROUND

$1.18 M

TOTAL EMPLOYEES
1-10

About

Melotic is creating a way to send and receive money, using bitcoin.The company is developing a mobile application that lets users send, receive, and convert money from their phone. Same currency transactions are free, and exchange rates are close to the inter-bank rate.

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!

Focus+
Momentum+
Traction+
People+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack