Card for Coin

Card for Coin, Inc.Founded in 2014, Card for Coin, Inc. operates in San Mateo, California, US. The company specializes in integrating Bitcoin into personal finance through its mobile application and debit card. The founder team includes Cheryl Dillon-Kight, Corbin Pon, Evelina Ozola, Renad Alharbi, Seth Mowshowitz, Soran Shangapour, and Will Reeves, who serves as CEO.Fold operates primarily in the personal finance sector, leveraging Bitcoin to enhance everyday financial transactions and rewards. Its core offerings include a mobile app and associated debit card that allow users to earn Bitcoin (referred to as "sats") on every purchase made at various retail merchants. Fold's services cater primarily to individual consumers interested in bitcoin accumulation and personal finance management, with a particular focus on markets in the United States.Fold's revenue model is centered around transaction fees and partnerships with various retail merchants. When users make purchases through the Fold app or debit card, a percentage of the transaction may be retained as a fee, allowing the company to monetize the volume of transactions facilitated through its platform. This structure supports direct-to-consumer interactions, where individual users earn Bitcoin rewards while Fold collaborates with retailers to promote their products. The forthcoming Fold Bitcoin Rewards Credit Card is expected to further enhance this revenue stream by incentivizing spending through rewards, while also introducing potential subscription features for premium services.Card for Coin, Inc. The company's growth strategy includes the development of new products, such as the Fold Bitcoin Rewards Credit Card, which is anticipated to launch soon. Additionally, the company is considering expansion into new markets within the United States, aiming to increase its user base and transaction volume. seeks to enhance its value proposition for both users and retail partners.

1. Series A

   Mar 23, 2021

   Amount

   $18M

   Investors

   Locked