wrinq

p2p paymentspayments

FOUNDING YEAR: 2016
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

At wrinq we're trying to simplify the problem of global micro transactions by allowing users to open offshore multicurrency debit accounts.

Focus

PRODUCTS & SERVICES

We'll offer truly international bank accounts modelled after the best features of digital wallets: easy user on boarding, ability to hold money in multiple currencies and fast unrestricted exchange of funds within the internal banking network. Our platform will help our partner banks gain billions of new customers by the means of cross collaborative partnerships with airlines, hotels and video games industry.

REVENUE MODEL

Fixed rental fee from account holders

PRIMARY PROBLEM SOLVED

We're solving the problems of:- - Costly global micro transactions. - Banking services that have become stale and incompatible with the lifestyle of the users. - The market gaps in International businesses like airlines, hotels and video games that have been created by inadequate offerings of existing banks.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

company provided insights

People

NUMBER OF EMPLOYEES

1-10

COMMENT:

Everybody in the team is fond of bananas!

Momentum

FUNDED

NO

LISTED

NO

For Investors

USES OF FUNDS RAISED:

1. Expanding the team

2. Marketing/Growth Hacking

EXIT STRATEGY

Acquisition by the banking partner. Seeing the trend (BBVA acquiring Simple bank) this is a real possibility.

COMPETITORS:

Paypal

BASICS

FOUNDING YEAR:

2016

LOCATION:

United Kingdom

Views:

50 VISITORS | 95 VIEWS

About

At wrinq we're trying to simplify the problem of global micro transactions by allowing users to open offshore multicurrency debit accounts.

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+
People+
For Investors+
Other+

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wrinq

About

At wrinq we're trying to simplify the problem of global micro transactions by allowing users to open offshore multicurrency debit accounts.

Focus

PRODUCTS & SERVICES

We'll offer truly international bank accounts modelled after the best features of digital wallets: easy user on boarding, ability to hold money in multiple currencies and fast unrestricted exchange of funds within the internal banking network. Our platform will help our partner banks gain billions of new customers by the means of cross collaborative partnerships with airlines, hotels and video games industry.

REVENUE MODEL

Fixed rental fee from account holders

TOP PROBLEM SOLVED

We're solving the problems of:- - Costly global micro transactions. - Banking services that have become stale and incompatible with the lifestyle of the users. - The market gaps in International businesses like airlines, hotels and video games that have been created by inadequate offerings of existing banks.

PRODUCT DEVELOPMENT STAGE

PROTOTYPE

PRODUCT DEVELOPMENT COMMENT

We are already in talks with some of the most innovative banks in the world like Santader , JP Morgan Chase and Barclays. We are building partnerships with innovative fintech companies like currency cloud.

KEY DIFFERENTIATORS

- Will challenge the notions of banking without being a challenger. - Will create new markets for banks uncovering billions of of new customers - Will create new sets of banking services that are more compatible with the lifestyle of the users.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Small And Medium Business - Other

Consumer

People

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO: Akshat Jiwan Sharma

CTO: Anirudh Shukla

TEAM COMMENT:

Everybody in the team is fond of bananas!

Momentum

FUNDED

NO

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES