Blinktrade company logo
Replacing intermediaries to remit money home. #BoostVC Alumni1-10 Employees
  • B2C
  • B2B
  • Early Stage
    Startup in initial stages
Website
Location
Company size
1-10 people
Total raised
$40K
Company type
Internet
Markets
Financial ServicesBitcoinRemittanceBitcoin Exchange
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Blinktrade careers

Replacing intermediaries to remit money home. #BoostVC Alumni
Blinktrade was accelerated by Boost, and in the first 3 months of operations successfully sent over $500k worth of remittances to Brazil while keeping a profit margin of 5 ~ 7% on every transaction.

We work with established remittance agents that operate. Because we move money more efficiently we can offer agents a better exchange rate.

What is great about our business model is that we are taking advantage of the existing network of remittance agents already created by the remittance companies without changing consumer behavior, in fact our customers have no idea we are using Bitcoins to remit their money.

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We have a deal with the biggest remittance company operating the Brazilian USA corridor and now we have access to their MTL's in 18 different states. This company has 400 agents.
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The company started as a white label exchange bitcoin and evolved into providing remittance technologies to remittance companies.
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Rodrigo Souza
Avatar for Rodrigo Souza
Total raised

$40K

Funded over

1 round

Latest round

Seed (Sep 2014)

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