VNDT
Accelerates the World's transition to Cryptocurrency.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $2.5m | Seed | |
| Total Funding | 000k | ||
| USD | 2021 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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VNDT operates at the intersection of traditional finance and blockchain technology, positioning itself as a fintech and blockchain ecosystem. The company was founded in 2005 and is based in Singapore. In August 2021, VNDT secured $2.5 million in a seed funding round from NextTech, a notable milestone for the company.
The core of VNDT's business is its stablecoin, designed for cryptocurrency transactions. This digital asset enables users to trade, transfer, and make e-commerce payments using VNDT coins. The company provides an app-based platform, available on both iOS and Android, for users to monitor their transactions. By aiming to merge the reliability of conventional financial systems with the efficiency of blockchain, VNDT seeks to provide innovative payment and banking solutions. The business model appears to be multifaceted, targeting not just individual crypto users but also aiming to deploy its systems for use by established financial institutions, particularly in developing countries. This strategy is intended to foster broader cryptocurrency and blockchain adoption from within the existing financial industry ecosystem.
The company's offerings are not limited to its stablecoin; it also provides consultancy and custom software development services. This dual approach of providing both a product (the VNDT stablecoin and app) and services allows the company to cater to a wider range of clients, including consumers, vendors, and financial institutions. Revenue generation seems to stem from transactions using the VNDT coin, and potentially from its consulting and software development services. The platform also facilitates arbitrage trading of its token and allows users to earn income through staking. By integrating both fiat and crypto use cases, VNDT aims to enhance the practical utility and adoption of its technology in real-world economic activities.
Keywords: stablecoin, cryptocurrency transactions, blockchain technology, fintech ecosystem, digital payments, mobile payment app, crypto trading, e-commerce payments, financial technology, blockchain consultancy, custom software development, staking, crypto arbitrage, digital assets, payment solutions, financial services, NextTech, Singapore startup, seed funding