Weld Money
Get a crypto card and pay seamlessly for daily expenses from your crypto wallet with zero blockchain transaction fee.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
| N/A | N/A | Growth Equity VC | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 5 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Weld Money is a pioneering fintech startup that bridges the gap between cryptocurrency and traditional finance. The company offers a unique product: the Weld crypto card, which allows users to make fast, secure payments using their cryptocurrency balances. This card can be used globally, both online and offline, just like a regular bank card, and is compatible with Apple Pay and Google Pay.
Weld Money primarily serves tech-savvy individuals and cryptocurrency enthusiasts who are looking for a seamless way to use their digital assets in everyday transactions. The company operates in the rapidly growing cryptocurrency market, which is characterized by its high volatility and increasing adoption rates.
The business model of Weld Money revolves around providing a virtual crypto card that links directly to users' cryptocurrency balances held on exchanges. When a transaction is made, the required amount of cryptocurrency is converted to the local currency at the time of the transaction, ensuring that users can pay with crypto as easily as they would with traditional money. This model not only simplifies the use of digital assets but also enhances their liquidity.
Weld Money generates revenue through transaction fees, which are minimal but accumulate over numerous transactions. Additionally, the company may earn from partnerships with exchanges and other financial service providers. Security is a top priority for Weld Money; they store funds on exchanges and only debit the necessary amount during transactions. Regular audits are conducted to ensure compliance with PCI DSS (Payment Card Industry Data Security Standard), providing users with peace of mind regarding the safety of their assets.
In summary, Weld Money is revolutionizing the way people use cryptocurrency by making it as accessible and convenient as traditional money. Their innovative approach and commitment to security make them a standout player in the fintech and cryptocurrency space.
Keywords: crypto card, fast payments, global transactions, digital assets, fintech, cryptocurrency, virtual card, Apple Pay, Google Pay, secure transactions.