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Designed to give your cryptocurrency real-world utility, our blockchain technology enables people to buy cryptocurrency with a bank account or spend cryptocurrency on a debit/credit card.
Cryptocurrencies and DeFi are rapidly disrupting the legacy finance ecosystem, bringing about a paradigm shift in finance. Cryptocurrency adoption alone hit a market cap of over $2 Trillion dollars in March 2022.*
With over $3 million previously raised, Unbanked is currently AMEX’s first partner for NFT Cards, a VISA FastTrack Enablement partner, and continuing to work with industry-leading customers from Paxful and Nexo to Litecoin Foundation. We are committed to a future of advancing human freedom and financial control.
*Market information provided by Fortune (source)
We are in the middle of a “Fourth Industrial Revolution” where blockchain and digital currencies are reinventing the global financial system and bringing in the “Web3” era. The problem is that managing digital currency can be scary for people and have a steep learning curve. However, many already use and understand legacy financial products like Bank Accounts and Debit Cards. Unbanked brings together the efficiency and utility of digital currencies with the familiarity of existing financial system. Launched in 2018, Unbanked has grown exceptionally fast reaching $19.9 Million in revenue in 2021 and made #327 on the Inc 5000 list of fastest growing companies! Unbanked is a recent winner of the Shark Pitch competition and has raised over $2M so far. In addition, over 20 Web3 companies license Unbanked's platform to provide their customers with crypto powered debit cards.
Unbanked offers a suite of financial products designed to give your cryptocurrency real-world utility. Whether pairing with one of today’s leading digital payment platforms, or swiping your card in person at one of the millions of supported locations worldwide, Unbanked puts your money back in your hands.
Providing B2B2C services for Web3 companies, we offer 5-minute customer signups, buying + selling crypto, debit cards, rewards capabilities, and seamless connection of your crypto with traditional fintech and banking solutions.
The Problem & Our Solution
After 50 years of using the same technology, we feel consumers expect more than what traditional banks can offer. We believe people have become accustomed to the ease of modern tech-enabled service platforms, especially as banking tech is slow, expensive, and time consuming.
Unbanked introduces 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.
Our platform puts mobile digital banking first; and, with blockchain technology, we're able to provide a better, cheaper, faster experience - putting your money back in your hands.
You can pair your card with Apple, Google, or Samsung Pay to make payments or swipe normally. You can also fund your card with cryptocurrency, an Unbanked bank account, or at thousands of retailers worldwide like Walmart, Walgreens, and 7-11.
Unbanked shares in all fees generated from the users who interact with our platform either through our card programs, bank accounts, or our white-label partnerships who pay a licensing fee in addition to the sources below. Typically, it is a combination of factors.
While fees help us make money, we want to keep them low—and rather use economies of scale to make money from our customers. A smaller piece of a bigger pie.
The Market & Our Traction
Cryptocurrency adoption is rapidly increasing - hitting a market cap over $2 Trillion dollars in March 2022 and forecasting 221 Million users this year alone.
We see this as a young market with lots of potential. In order to get the next 500 Million people interacting with crypto, we believe they need tools they're familiar with—like bank accounts and debit cards. That’s where we come in.
Unbanked is often compared to other crypto card companies, but our product is so much more than that. Like traditional banks, we offer bank accounts that hold cash and debit cards for spending; but like crypto companies, we enable those bank accounts to buy and withdraw crypto, or to use that crypto and spend it on a debit card.
Based on our traction, it’s clear to us that people want more control over their finances. And so far, customers are letting us know just how much they are getting out of our services.
*These testimonials may not be representative of the experience of other customers and is not a guarantee of future performance or success.
The future of Unbanked is growing our customer base and entering into as many global markets as possible, including the EU, LATAM, APAC, EMEA, Canada, and others.
Doing this properly means collaborating with regulators and ensuring we adhere to local laws. We also have an ambitious roadmap of new products and services we intend to bring to the marketplace, some including:
*The information included above is forward looking information. Please refer to our risk factors section in our Form C and to our Forward Looking Information Legend included in our Terms section on this page.
Our founders believe financial access and control is a human right. The fact that it can be enabled through the blockchain led them to rebel against the status quo, which we believe has plagued traditional banking for years. Now’s the time to bring banking technology into the digital currency era. Invest in Unbanked today, and invest in a future of financial control.
At Unbanked, our fintech platform powers the card programs for renowned Web3 companies like Nexo, Litecoin Foundation, StormX, Stacks, and more. Currently in the market, we enable the issuance of crypto debit cards for residents of more than 75 countries - that’s over 3.1 billion people.
As an advisor and investor in other ad tech companies, I always look to create value and continually broaden my knowledge of the ever-changing landscape. My background enables me to bring unique insight and experience to the next set of challenges I face.
20 years later - I was able to be in a position to work for myself. I now own several businesses and hope to make a difference for others over my next 20.
I'm a highly political person with an avid interest in geopolitics, history and business. I'm more concerned with doing what's right than what's popular.
Mr. Ballou is a seasoned developer that has been custom-building websites and applications for over two decades. Mr. Ballou has five years of fast-paced development experience at two leading design and development agencies in Charlotte followed by an additional six years working on building and launching startups for some amazing companies. Most notable is his work as a lead developer for .CO Internet. Briefly following a successful Super Bowl ad launch with partner GoDaddy, .CO was sold to Neustar for $109M in 2014. Mr. Ballou has owned and operated his own web development consultancy since 2012. Since then, Corey has had the pleasure of working with several successful startups to build out their custom web applications.
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What is a SAFE Agreement?
A Crowdfunding Simple Agreement for Future Equity (Crowdfunding SAFE) offers you the right to receive Class B Common Stock in Unbanked. The amount of Class B Common Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $1,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $115,000,000.00 Valuation Cap or if less, then you will receive a 20.00% discount on the price the new investors are paying. You will receive no interest on your investment. When the maturity date is reached, if the Crowdfunding SAFE has not converted then you are entitled to receive Class B Common Stock equal to your investment back at a price per security by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).
Irregular Use of Proceeds
The Company will not incur any irregular use of proceeds.
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