# Trustless Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/trustless-networks

- Industry: Financial Services
- Headquarters: London, UK
- Website: www.trustlessbank.io
- Total disclosed funding: $0.5M
- Latest round: Seed (Apr 13, 2019)
- Investors on record: 1

## About

Trustless Networks Limited is an innovative technology company dedicated to providing advanced solutions that enhance operational efficiency and user experience across various sectors, including technology, healthcare, and manufacturing.Founded in 2018 in London, UK, Trustless Networks Limited specializes in developing technological products to meet diverse market needs. The company has undergone no significant business pivots. The founder and CEO, Charkrid Thanhachartyothin, has a history of involvement in entrepreneurial ventures. In April 2019, Trustless Networks Limited raised GBP 387 thousand in a Seed round from 500 Global, valuing the company at GBP 4.56 million post-money, with a total amount raised of GBP 0.39 million.Trustless Networks Limited offers a range of innovative technological products aimed at improving operational efficiency and enhancing user experience. Their offerings serve various industries, focusing on streamlining processes and providing real-time analytics. The firm tailors its services to optimize performance for business professionals and operational managers, targeting markets in North America, Europe, and parts of Asia.The company's revenue model combines subscription services and direct-to-consumer sales, allowing clients to choose from service plans of varying functionality and support levels. This tiered pricing strategy encourages long-term commitments and cultivates customer loyalty, while partnerships with retailers and wholesalers broaden product distribution, ensuring a consistent revenue stream.Trustless Networks Limited aims to expand its product offerings and enter new geographic markets. The recent Seed funding round in April 2019 will be allocated to developing upcoming products designed to meet evolving market demands. Specific markets targeted for expansion include North America and Europe, with plans to increase presence by 2022.

## Funding rounds

- Seed, Apr 13, 2019, $0.5M — 500 Global

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed