Investing in Unbanked
- Minimum deposit
Unbanked offers financial products ranging from borderless bank accounts to crypto rewards. The company recently launched a crowdfunding campaign to expand its team and product line. The campaign is open to anyone, and while returns are unclear, investors could earn future equity or cash payouts should Unbanked go public or get acquired in the future.
What is Unbanked?
Unbanked is a global fintech platform that connects DeFi and crypto to banks, credit cards and other traditional finance products. Its mobile-first platform offers its users a quicker, cheaper banking experience in over 200 countries.
For example, Unbanked offers borderless bank accounts for domestic and international money transfers, crypto purchases and crypto sales. Users in the US can also access virtual and physical Unbanked debit cards to transact crypto in real time while eliminating excessive fees.
Other features include up to 6.38% back a year in crypto rewards and integrated payments through Apple Pay, Google Pay and Samsung Pay.
The company is crowdfunding to introduce new products and services. Future goals include obtaining a bank license charter, which would allow it to conduct business as a bank, as well as offering credit cards with crypto rewards and introducing multilingual support for its app. In addition, new funds could be used for marketing, hiring and expanding Unbanked’s geographic reach.
What return can I expect?
A return isn’t guaranteed. Your investment in Unbanked will be a Crowd SAFE investment — a type of investment started by Republic that involves a contract between investors and startups looking to raise money.
When you invest in Unbanked, you get a financial stake in the company with the chance to earn a return — in the form of equity or a cash payout — but only if Unbanked is bought or goes public. Your return ultimately depends on your investment amount, how much the company is worth at exit and the terms of the Crowd SAFE.
Common terms to keep an eye out for are valuation cap — the maximum valuation at which the investment converts into equity — and discount, which allows investors to receive shares at a lower price than other investors when the company is bought or goes public.
Most returns, if any, take at least four years to materialize. And you can lose your entire investment if the company goes out of business.
How can I learn more?
Unbanked is transparent about its mission, its corporate partners, past funds raised, future product maps — even its competitors. Learn more about Unbanked by selecting Go to site.
As with any investment decision, conduct your own due diligence, compare your options and speak to a financial professional before you invest.
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