• FOUNDING YEAR: 2014
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Bitcoin Debit Card It allows users to check account balances and transaction details. It easily add & edit account information for quick selection at time of payment.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail consumers
EXISTING PARTNERSHIPS:
Coinbase - To issue bitcoin debit card
COMMENT
Shift is also working with an undisclosed payment processor to help it authorize the digital currency transactions. Similar to a traditional transaction which involves an authorization process and then a settlement at the end of the day, a user paying with bitcoin would have their transaction authorized with Shift’s assistance, and then at the end of the day, the money would be moved out of their Coinbase account.

PEOPLE

FOUNDERS:
Eugene Otto, Meg Nakamura
Board Members and Advisors:
Greg Kidd
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
China Rock Capital, Y Combinator

TRACTION

VALUATION / MARKET CAP:
$800 K in 2015

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$120 K
SEED & PRIOR FUNDING:
$120 K
LISTED:
NO

LATEST RESEARCH