Uphold
Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!
About
Founded in 2013, Uphold is a digital wallet and trading platform that makes cryptocurrencies and other assets affordable and accessible for everyone. We provide borderless access to financial services you cant get through your bank.Covering 28 cryptos, 27 national currencies, six stablecoins and four precious metals, we allow both consumers and businesses to easily transact between digital and traditional currencies, with full integration between old and new money systems.The Uphold Mobile App features our Anything-to-Anything interface, which enables you to fund your account, send money to friends and family abroad, or trade directly between more than 60 cryptos, national currencies and metals, using just one screen.Our open API makes it possible for third-party developers to build sophisticated financial products on top of Uphold. Through our partners, you can earn interest on your holdings, get paid in crypto, or donate to charities using any supported currencies.
Uphold, formerly known as Bitreserve, is a cloud-based money platform. It connects banks, credit and debit cards and bitcoin to digital wallets for free financial services and transactions. Businesses and consumers can fund their Uphold accounts via bank transfer or by linking a credit/debit card in addition to bitcoin. Uphold offers foreign exchange and international remittances in bitcoin and fiat currencies
Focus
PRODUCTS & SERVICES
Cloud Money
REVENUE MODEL
Most important source of revenue for the company will be from investing companies .
MAIN CLIENTS
Retail cryptocurrency consumers
EXISTING PARTNERSHIPS
Groupo Salinas
Traction
COMPANY TYPE:
For Profit
NUMBER OF TRANSACTIONS:
256 M
TRANSACTIONS VALUE:
$16.5 M
ACTIVE USERS:
0.0163
Momentum
FUNDED
NO
NUMBER OF FUNDING ROUNDS
2
TOTAL FUNDING
$9.87 M
DATE OF LAST FUNDING
Dec 2014
IPO STATUS
Private
TOTAL FUNDING COMMENT
The company is planning to use the fund for the creation of a research and development arm and also for protecting its users from potential losses due to cryptocurrency volatility or other issues.(Jan 2018).
ESTIMETED REVENUE RANGE
$1M to $10M
CROWDFUNDING
$9.87 M
LISTED
NO
COMMENT
Equity Crowdfunding: $10 M(Jan 2015)
Acquisitions
ACQUIREE NAME
Bitnet Technologies
ANNOUNCED DATE
Oct 2016
PRICE
---
ACQUIREE NAME
Cortex MCP
ANNOUNCED DATE
Feb 2018
PRICE
---
Web Traffic
MONTHLY VISITS
1,519,937
AVERAGE VISITS (6 MONTHS)
1,186,868.5
MONTHLY VISITS GROWTH
28.04%
VISIT DURATION
870
VISIT DURATION GROWTH
117.37%
PAGE VIEWS VISIT
6.29
PAGE VIEWS VISIT GROWTH
-1.93%
BOUNCE RATE
38.41%
BOUNCE RATE GROWTH
-1.2%
GLOBAL TRAFFIC RANK
25,143
MONTHLY RANK CHANGE
-10,218
MONTHLY RANK GROWTH
-28.9%
Sign up for 7 days free trial with MEDICI Inner Circle to follow and track profiles you care about.
Related Companies
Earn.com was acquired by Coinbase in April 2018, it is a new kind of social network where users can earn digital currency by replying to emails and completing tasks.
AlphaPoint is the exchange technology platform provider to support digital currencies.
Armory is an open source wallet management platform that protects and manages bitcoin users. Armory pioneered the "cold storage" concept of storing and transacting bitcoin ...
Join the exclusive global FinTech community
Be a part of the global FinTech community on WhatsApp
Uphold
About
Uphold, formerly known as Bitreserve, is a cloud-based money platform. It connects banks, credit and debit cards and bitcoin to digital wallets for free financial services and transactions. Businesses and consumers can fund their Uphold accounts via bank transfer or by linking a credit/debit card in addition to bitcoin.
Focus
PRODUCTS & SERVICES
Cloud Money, Remittances, Blockchain, Money Transfer, Wallet, Mobile, Mobile Wallet, Bill Payment, Supply Chain,
REVENUE MODEL
Most important source of revenue for the company will be from investing companies .
PRODUCT DEVELOPMENT STAGE
V2.0 or BEYOND
Traction
NUMBER OF TRANSACTIONS:
256 M
TRANSACTIONS VALUE:
16.5 M
ACTIVE USERS/ACCOUNTS:
0.0163 Million
LIVE USERS/TRANSACTIONS:
No live users/transaction yet
People
NUMBER OF EMPLOYEES
51-200
BOARD MEMBERS AND ADVISORS:
Marco Santori
Momentum
FUNDED
YES
FUNDING COMPLETED
NO
LISTED
NO