# Blueloop

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blueloop

- Industry: Financial Services
- Headquarters: Lagos, Nigeria
- Website: www.blueloop.app
- Total disclosed funding: $0.1M
- Latest round: Seed (Dec 14, 2020)
- Investors on record: 3

## About

Blueloop Inc. is a technology company focused on developing blockchain-based solutions that address contemporary challenges while anticipating future needs, enhancing user experience across various sectors.Founded in 2019 and headquartered in Lagos, Nigeria, Blueloop Inc. specializes in blockchain technology. The company was co-founded by Ayomide Lasaki, Ben Eluan, Israel Akintunde, Oluwaseyi Abdul, and Osezele Orukpe. The latest funding round, a Seed round, occurred on December 14, 2020, raising USD 0.08 million from Hustle Fund, Knight-Mozilla, and Pioneers Holding, with individual investors also participating. Blueloop has engaged in only one deal to date, and the company continues to operate under its original strategic vision without any mentioned pivots.Blueloop Inc. specializes in developing innovative blockchain-based products designed to address contemporary challenges while anticipating future needs. Their core offerings include three notable products: Flux, Swapmonkey, and Fastkoin, each launched consecutively from 2020 to 2022. These products aim to enhance user experience and provide scalable solutions in the crypto technology sector, focusing on specific end-use cases such as enhancing transaction speed, improving security, and facilitating seamless exchanges. The company serves a diverse client base, including individual users and businesses looking to integrate blockchain solutions into their operations. Blueloop's geographical market reach spans various international regions, targeting both developed and emerging markets where blockchain technology is gaining traction.Blueloop Inc. generates revenue through a structured transactional model involving direct-to-consumer sales and business-to-business partnerships. Their flagship products, such as Flux and Swapmonkey, are offered through subscription plans or one-time purchases, catering to both individual users and enterprise clients. The pricing strategy for these offerings accommodates different market segments, ensuring accessibility while maximizing value for clients. Transactions involve users purchasing service access directly or companies partnering with Blueloop to implement their technology solutions. This multi-faceted approach allows for a diversified revenue stream, contributing to the company's growth and sustainability in the competitive blockchain landscape.Looking ahead, Blueloop Inc. plans to enhance its product lineup with new offerings that are currently under development, aiming for a timely release in the coming year. The company is also targeting expansion into new geographic regions, with specific focus on North America and Europe by 2023. The funding raised in the Seed round will be utilized to support these upcoming product developments and market expansion initiatives, allowing Blueloop to strengthen its position in the blockchain technology sector.

## Funding rounds

- Seed, Dec 14, 2020, $0.1M — Pioneers Holding, Knight-Mozilla, Hustle Fund

## Investors

- Pioneers Holding — Seed
- Knight-Mozilla — Seed
- Hustle Fund (https://capitalatlas.ai/funds/hustle-fund) — Seed