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CoolBitX Ltd.
CoolBitX Technology is a blockchain security platform startup with operations in Taiwan. It made waves in 2015 after its launch of CoolWallet, the world’s first wireless hardware wallet for Bitcoins. CoolBitX is dedicated to provide innovative and convenient security solutions for Bitcoin storage.
$X,000,000
Y% undefined $X,000,000
Z
7 years ago
Overview

Quick Pitch

CoolBitX Technology is a blockchain security platform startup with operations in Taiwan. It made waves in 2015 after its launch of CoolWallet, the world’s first wireless hardware wallet for Bitcoins. CoolBitX is dedicated to provide innovative and convenient security solutions for Bitcoin storage. It has recently expanded its business to a credit card platform.

 

Product/Service Details

  • CoolBitX is pleased to introduce the world’s only useable all- in- one card (SLEKT). It is fully compatible with 27 banks and enjoys 100% point-of- sale coverage, with more than three million CLiP users – with 200,000 new users in 2017 – to date. · Ongoing business:
  • Crypto Assets Exchange Platform (CAE) powered by Blockchain hardware wallet. CoolBitX – enabled by CoolWallet, is a platform website that automatically matches orders and transfers assets between traders without holding any party’s digital assets. It is a crypto currency hardware device that helps users to secure, and spend coins in the easiest way.

 

Problem/Opportunity

  • Consumers with more cards than they can fit in their wallet have difficulty remembering multiple credit card promotions and payment deadlines
  • Banks miss out on cost-saving and value-adding potential due to a credit card bottleneck and inefficient advertising.

 

Solution

SLEKT - all in one credit card platform

 

Features

5 year Product Life

100% credit card POS coverage

Work with iOS & Android

 

Benefits to users

Save space - aggregate all credit card/membership cards/transportation card

Save money - app suggests which card to shop in each store based on promotion analysis

Save time - apply for a new credit card in one click

 

Benefits to issuers

Great Cost and benefit ratio - innovate wallet with no pain in upgrading POS hardware

More credit card transaction

More credit card application

 

Traction & Accomplishments

CoolBitX – US$108,000 in Revenue

SLEKT – 1 pending patent, and acquired world exclusivity from manufacturer excepted for Korea.

CAE – 4 Pending Patents

 

Company's Intended Exit:  2021 IPO in the US 

Company's Intended Dividends (In %) Nominal Amount, and Expected Payout Date: 2021

 

How We're Different

The form factor of the product is extremely high tech. We basically build a smartphone into a card. This technical barrier will take others years to chase.

 

Team

Michael Ou – Chief Executive Officer

Jay Zhuang – Chief Technology Officer

 

Current Strategic Investors

  • Kyber Global Holdings
  • ToSpring Technology
  • Midana Capital
  • Infokey Vault Co.
  • With 6 other Angel Investors

Validated By: Midana Capital

Contact

[email protected]

$Y,000,000
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