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AFSL-licensed Crypto Exchange & Neo-Bank | 400% YoY Revenue Growth | 15% MoM User Growth

  • Published March 03, 2022 12:00AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

Coinstash.com.au is a trusted Australian cryptocurrency platform that currently has 340+ cryptocurrencies for its customers to buy and sell. It is a trustworthy and rewarding platform that makes the trading experience fun by having an easy customer interface, world-class customer service, a strong community that consists of investors, affiliates, and customers, as well as regular promotions and giveaways.

Whilst cryptocurrency adoption in Australia is high, transactional income (e.g. commissions) based on trade volume can be highly cyclical to market movements. Furthermore, an increasing number of customers becomes interested in the real-world applications of cryptocurrencies. As a result, Coinstash is close to releasing its first ‘crypto banking’ product, Coinstash Earn.

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Investment Highlights

  • Coinstash has 18,000 users and growing (up from 3,000 in April 2021), with more than 15% month-on-month user growth.

  • The company achieved a revenue of $400K+ in FY 2021 – a 4x increase from FY 2020. Coinstash acquired a wholesale AFSL licensee company in 2021.

  • In 2021, Coinstash made a complete revamp of its backend and frontend infrastructure, making the platform more robust and scalable.

  • Coinstash mobile app launched in February 2022, amassing hundreds of downloads within the first week.

  • Coinstash Earn allows customers to earn a rate of return on their crypto holdings, up to 8% on certain cryptocurrencies.

  • The company also plans to release a Borrow and Spend product allowing customers to borrow against their crypto holdings as well as spending them.

  • The team is experienced in corporate finance, cryptocurrencies, computer networks, and software development.

  • Coinstash has also been featured in multiple mainstream media channels, including the Australian Financial Review, SBS World News, and Business Insider.

 Investment Offering 

Coinstash is raising up to $2M using a Simple Agreement for Future Equity (SAFE) note, key terms are 20% discount to future valuation.

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