Gamified Crypto Asset Management Platform Klink Finance Raises $500,000 Led by Blockchain Founders Fund
London-based Klink Finance will launch its first product by the end of 2022.
LONDON, 25 October 2022 /PRNewswire/ — Klink Financea gamified digital asset platform has risen $500,000 USD (£462k) in a pre-funding round to drive the product launch by the end of 2022 led by Singapore-based venture capital fund Blockchain Founders Fund (BFF) with participation from the private equity and venture capital companies UOB Venture Management, Signum Capital, TechMeetsTrader and StartupGym.
Gamified Crypto Asset Management Platform Klink Finance Raises $500,000 Led by Blockchain Founders Fund
Klink Finance operates at the intersection of finance and blockchain technology, implementing gamification that enables better and recurring financial habits for users. The team behind Klink Finance took their inspiration from the British government bond scheme known as Premium premium bondswhich has over 21 million participants and 130 billion dollars held in assets under management (AUM) across the country. By offering a prize-linked savings solution, all funds on the platform will be aggregated and the return earned will be distributed to the users as prizes through probability. This gives users consistent returns as well as a chance to earn big returns every week.
With its beta launch set for later this year, the platform’s go-to-market prize-linked deposit account will allow users to win up to 1 million dollars in USDC (stablecoin) each week to keep funds as low as $25 USD. This solution provides alternative mechanisms to reward distribution across user populations, and will further expand services with social features and ownership of digital assets in a way that is safe, exciting and rewarding.
Currently, the platform has charted a product development phase that puts innovation at the center of user engagement approaches to holding and growing wealth through digital assets.
Chris MurphyFounder of Klink Finance said, “When it comes to retail management services, we have a different way of approaching the market. Our team is on a mission to enable a new way that wealth can be built and distributed among friends and communities over time.”
Tobias Bauerrector of Blockchain Founders Fund said, “We are proud to support Klink in reimagining the gamified yield generation experience. Their business model creates a dynamic impact on user engagement through gamification in the personal finance landscape.”
About Klink Finans
Klink Financefounded by Chris James Murphy and Philip Jonitz, is one London-based start-up operating at the intersection of consumer finance and blockchain technology. The platform implements social gamification to enable better and recurring financial habits for user populations through a safe and regulated platform. For more information, please visit: https://www.klinkfinance.com/
Media contact:
Michiko Yuda
SOURCE Blockchain Founders Fund
