Unbanked - Revision history

95.149.241.133 at 22:27, 20 August 2022

2022-08-20T22:27:00Z

← Older revision		Revision as of 23:27, 20 August 2022
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	[[Category:Thesis]]		[[Category:Thesis]]
	[[Category:Equities]]		[[Category:Equities]]

			__INDEX__

>Louis at 16:21, 22 July 2022

2022-07-22T16:21:14Z

← Older revision		Revision as of 17:21, 22 July 2022
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	== References and Notes ==		== References and Notes ==
			<references />
			[[Category:Thesis]]
			[[Category:Equities]]

>Akin: /* Summary */

2022-07-12T22:58:24Z

Summary

← Older revision		Revision as of 23:58, 12 July 2022
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	* Over 10 white label customers including Paxful, Nexo, Litecoin Foundation.		* Over 10 white label customers including Paxful, Nexo, Litecoin Foundation.

	[[File:2318-1636533079-20290a03a1058c5197270c8df7c59f4af32a3650.mp4~~\|600px~~]]		[[File:2318-1636533079-20290a03a1058c5197270c8df7c59f4af32a3650.mp4]]

	== Problem<ref name=":0">Source: Republic.</ref> ==		== Problem<ref name=":0">Source: Republic.</ref> ==

>Akin: /* Summary */

2022-07-12T22:57:55Z

Summary

← Older revision		Revision as of 23:57, 12 July 2022
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	* Over 10 white label customers including Paxful, Nexo, Litecoin Foundation.		* Over 10 white label customers including Paxful, Nexo, Litecoin Foundation.

	[[File:2318-1636533079-20290a03a1058c5197270c8df7c59f4af32a3650.mp4]]		[[File:2318-1636533079-20290a03a1058c5197270c8df7c59f4af32a3650.mp4\|600px]]

	== Problem<ref name=":0">Source: Republic.</ref> ==		== Problem<ref name=":0">Source: Republic.</ref> ==

>Akin: /* Solution[1] */

2022-07-12T22:55:50Z

Solution[1]

← Older revision		Revision as of 23:55, 12 July 2022
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	* Blockchain- and cryptocurrency-agnostic		* Blockchain- and cryptocurrency-agnostic
	* Over 10 white label customers including Paxful, Nexo, Litecoin Foundation.		* Over 10 white label customers including Paxful, Nexo, Litecoin Foundation.

			[[File:2318-1636533079-20290a03a1058c5197270c8df7c59f4af32a3650.mp4]]

	== Problem<ref name=":0">Source: Republic.</ref> ==		== Problem<ref name=":0">Source: Republic.</ref> ==
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	Introducing a new kind of banking experience that empowers everyone to participate in the financial system—whether they choose to work with a legacy institution, or take complete control by becoming their own custodian of blockchain-based assets.		Introducing a new kind of banking experience that empowers everyone to participate in the financial system—whether they choose to work with a legacy institution, or take complete control by becoming their own custodian of blockchain-based assets.

	Its platform puts mobile digital banking first; and, with blockchain technology, ~~we're~~ able to provide a better, cheaper, faster experience.		Its platform puts mobile digital banking first; and, with blockchain technology, Unbanked is able to provide a better, cheaper, faster experience.

	<youtube>https://youtu.be/XEm8nAHoVUw</youtube>		<youtube>https://youtu.be/XEm8nAHoVUw</youtube>

>George at 22:39, 9 July 2022

2022-07-09T22:39:01Z

Show changes

>George at 13:39, 9 July 2022

2022-07-09T13:39:18Z

Show changes

>George at 13:38, 9 July 2022

2022-07-09T13:38:03Z

Show changes

>Republic at 13:07, 4 July 2022

2022-07-04T13:07:15Z

← Older revision		Revision as of 14:07, 4 July 2022
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	* 2 previous oversubscribed rounds—totaling $1.4M raised		* 2 previous oversubscribed rounds—totaling $1.4M raised
	* Blockchain- and cryptocurrency-agnostic		* Blockchain- and cryptocurrency-agnostic
	* Over 10 white label customers including Paxful, Nexo, Litecoin Foundation		* Over 10 white label customers including Paxful, Nexo, Litecoin Foundation.

	~~<iframe width='640px' height='360px' src='https://uploads~~.~~republic.com/p/offerings/slider_media_items/contents/original/000/002/318/2318-1636533079-20290a03a1058c5197270c8df7c59f4af32a3650.mp4' allowfullscreen></iframe>~~

	== Problem<ref name=":0">Source: Republic.</ref> ==		== Problem<ref name=":0">Source: Republic.</ref> ==

>Republic at 13:06, 4 July 2022

2022-07-04T13:06:53Z

← Older revision		Revision as of 14:06, 4 July 2022
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	<iframe width='640px' height='360px' src='https://uploads.republic.com/p/offerings/slider_media_items/contents/original/000/002/318/2318-1636533079-20290a03a1058c5197270c8df7c59f4af32a3650.mp4' allowfullscreen></iframe>		<iframe width='640px' height='360px' src='https://uploads.republic.com/p/offerings/slider_media_items/contents/original/000/002/318/2318-1636533079-20290a03a1058c5197270c8df7c59f4af32a3650.mp4' allowfullscreen></iframe>

	== Problem ==		== Problem<ref name=":0">Source: Republic.</ref> ==

	=== Banking technology is decades out of date ===		=== Banking technology is decades out of date ===
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	Cryptocurrencies and DeFi are rapidly disrupting the legacy finance ecosystem. They are bringing about a paradigm shift in finance—just as the internet did with communication and commerce. It's the fourth industrial revolution!		Cryptocurrencies and DeFi are rapidly disrupting the legacy finance ecosystem. They are bringing about a paradigm shift in finance—just as the internet did with communication and commerce. It's the fourth industrial revolution!

	== Solution ==		== Solution<ref name=":0" /> ==
	'''A global neo-bank platform built on blockchain'''		'''A global neo-bank platform built on blockchain'''

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	Want to buy crypto? Simply send USD to your Unbanked bank account via wire, ACH, or credit card. You can then purchase currencies like Bitcoin and Ethereum and settle to your self-custodial wallet. Your keys, your crypto!		Want to buy crypto? Simply send USD to your Unbanked bank account via wire, ACH, or credit card. You can then purchase currencies like Bitcoin and Ethereum and settle to your self-custodial wallet. Your keys, your crypto!

	== Product ==		== Product<ref name=":0" /> ==
	'''Get Unbanked'''		'''Get Unbanked'''

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	Unlike other platforms that make you wait days or weeks for access to your crypto purchases, Unbanked offers near-instant settlements of them to your self-custodial wallet.		Unlike other platforms that make you wait days or weeks for access to your crypto purchases, Unbanked offers near-instant settlements of them to your self-custodial wallet.

	== Traction ==		== Traction<ref name=":0" /> ==
	'''5x YoY revenue growth'''		'''5x YoY revenue growth'''

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	<Youtube>https://youtu.be/Lj_XEwQ459E</Youtube>		<Youtube>https://youtu.be/Lj_XEwQ459E</Youtube>

	== Financials ==		== Financials<ref name=":0" /> ==

	=== Revenue ===		=== Revenue ===
	Unbanked’s highest revenue month thus far is April 2021, at $2.06M. Its company cash flow doubled from January 2021 to May 2021. At this pace, Unbanked is forecasting $20M+ for EOY 2021.		Unbanked’s highest revenue month thus far is April 2021, at $2.06M. Its company cash flow doubled from January 2021 to May 2021. At this pace, Unbanked is forecasting $20M+ for EOY 2021.

	== Customers ==		== Customers<ref name=":0" /> ==
	'''Scaling to support millions of customers'''		'''Scaling to support millions of customers'''

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	<Youtube>https://youtu.be/wYRo8pVT4YI</Youtube>		<Youtube>https://youtu.be/wYRo8pVT4YI</Youtube>

	== Business model ==		== Business model<ref name=":0" /> ==
	'''Using economies of scale to fuel revenue growth'''		'''Using economies of scale to fuel revenue growth'''

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	Unbanked expects to have other revenue streams as part of its roadmap as it releases products, such as remittances, borrowing, and lending, as well as larger margins that come with scale. Unbanked plans to focus on marketing its product innovation, user experience, and competitive pricing to drive growth and profitability.		Unbanked expects to have other revenue streams as part of its roadmap as it releases products, such as remittances, borrowing, and lending, as well as larger margins that come with scale. Unbanked plans to focus on marketing its product innovation, user experience, and competitive pricing to drive growth and profitability.

	== Market ==		== Market<ref name=":0" /> ==
	'''This is asymmetrical warfare—and the opportunity size is in the trillions'''		'''This is asymmetrical warfare—and the opportunity size is in the trillions'''

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	<Youtube>https://youtu.be/rTQtTAUKcPA</Youtube>		<Youtube>https://youtu.be/rTQtTAUKcPA</Youtube>

	== Competition ==		== Competition<ref name=":0" /> ==

	=== Competitive analysis ===		=== Competitive analysis ===
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	Revolut raised $880M at a $33B valuation in July of 2021. Coinbase did a direct listing on NASDAQ in 2021 at a valuation of $85B. Both are strong in their industry focus, but each have built walled gardens and do not have the white-label flexibility that Unbanked has built.		Revolut raised $880M at a $33B valuation in July of 2021. Coinbase did a direct listing on NASDAQ in 2021 at a valuation of $85B. Both are strong in their industry focus, but each have built walled gardens and do not have the white-label flexibility that Unbanked has built.

	== Vision and strategy ==		== Vision and strategy<ref name=":0" /> ==
	'''Planning for the future'''		'''Planning for the future'''

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	<Youtube>https://youtu.be/XQJYpcQ88sg</Youtube>		<Youtube>https://youtu.be/XQJYpcQ88sg</Youtube>

	== Roadmap ==		== Roadmap<ref name=":0" /> ==
	Unbanked also has an ambitious roadmap of new products and services that it intends to bring to the marketplace. Some of these include:		Unbanked also has an ambitious roadmap of new products and services that it intends to bring to the marketplace. Some of these include:

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	* Expanding geographic reach		* Expanding geographic reach

	== Funding ==		== Funding<ref name=":0" /> ==
	'''$1.4M raised to date'''		'''$1.4M raised to date'''

	Unbanked has raised approximately $1.4M to date. Both of its previous rounds have been oversubscribed. Its last round was held on Republic where it hit the cap of $1,070,000 from over 3,700 investors.		Unbanked has raised approximately $1.4M to date. Both of its previous rounds have been oversubscribed. Its last round was held on Republic where it hit the cap of $1,070,000 from over 3,700 investors.

	== Founders ==		== Founders<ref name=":0" /> ==
	'''A mission to transform financial access and control'''		'''A mission to transform financial access and control'''

	Unbanked was founded in 2018 by Ian Kane and Daniel Gouldman with a simple mission: Give customers a better, faster, and cheaper way to transact value with one another, no matter if they were across the street or across the world. The founder’s belief that financial access and control is a human right that can be enabled through the blockchain led them to rebel against the status quo which has plagued traditional banking for years.		Unbanked was founded in 2018 by Ian Kane and Daniel Gouldman with a simple mission: Give customers a better, faster, and cheaper way to transact value with one another, no matter if they were across the street or across the world. The founder’s belief that financial access and control is a human right that can be enabled through the blockchain led them to rebel against the status quo which has plagued traditional banking for years.

	== Team ==		== Team<ref name=":0" /> ==
	'''Co-founder: Ian Kane'''		'''Co-founder: Ian Kane'''

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	'''Head of HR: Anne Blanchard'''		'''Head of HR: Anne Blanchard'''

	== Risks ==		== Risks<ref name=":0" /> ==
	'''There is no guarantee of a return on an Investor’s investment.'''		'''There is no guarantee of a return on an Investor’s investment.'''