KikiTrade is a crypto social investment platform focused on the Asian market.
Aside from investing, the company offers savings accounts on idle funds with an APY of up to 8%.
Its Android app has exceeded 100K downloads, including 5K new installs in November 2021 alone.
The startup has raised $12M in pre-Series A funding.
What's next:
KikiTrade is part of the “crypto for beginners” meta trend.
Estimates suggest that there are now over 300M crypto users globally. Which is up from 100M twelve months ago.
To accommodate novice crypto users, a growing number of startups are launching products specifically designed for new crypto users.
With crypto wallet passwords and seed phrases being a barrier for many new crypto users,
ZenGo takes a different approach to authorization: facial biometrics.
And 60% of consumers claim to be excited about the potential of biometric technology for verification, survey data shows.
ZenGo closed a $20M Series A funding round in April 2021, bringing their total funding to $24M. The platform has processed $100M in crypto transactions from a user base of 100K.
Alpha Impact offers a trading platform that lets users copy top-performing crypto traders. This service supports a minimum investment of $25 and doesn’t hold funds (instead, it connects to the customer’s existing exchange account).
To bring crypto purchases to more international markets, startups like
Pintu provide an exchange with investments in local currency.
Pintu specifically services the Indonesia market with commission-free crypto trading in IDR. The Android app has over 1M installs, including 200K in November 2021.
The startup raised $35M in a recent funding round led by Lightspeed Venture Partners.