Uphold

cryptocurrencyblockchain

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 08/09/2020

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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.

MEDICI Analysis

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

NUMBER OF TRANSACTIONS:

256 M

TRANSACTIONS VALUE:

$16.5 M

ACTIVE USERS:

0.0163

People

FOUNDERS

Halsey Minor

BOARD MEMBERS AND ADVISORS

Jim Milby

Marco Santori

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Crowdcube

Greg Kidd

Venovate

Momentum

FUNDED

NO

TOTAL FUNDING

$9.87 M

DATE OF LAST FUNDING

Dec 2014

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).

CROWDFUNDING

$9.87 M

LISTED

NO

COMMENT

Equity Crowdfunding: $10 M(Jan 2015)

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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