Cryptocurrency Roundup App Gets $100,000 Shark Tank Investment

Cryptocurrency Roundup App Gets $100,000 Shark Tank Investment

Services that allow individuals to invest small amounts of money on a recurring basis have become popular in recent years, especially for young people. An automatic cryptocurrency buying app that rounds up everyday purchases has just secured a $100,000 investment on Shark Tank.

Bundil Enters the Shark Tank

For safety, Bundil doesn’t hold any of the users’ fiat or cryptocurrency, instead using the Coinbase exchange to handle all of the transactions. It also allows users to track their portfolio growth, and manage the holdings all without leaving the app. Its pricing plans start at just $2 per month.

The founder of Bundil, Dmitri Love, went on ABC’s Shark Tank during the latest episode of the show which aired on Sunday, Oct. 21, and presented the app.

Kevin O’Leary Takes a Big Bite

Love asked for $100,000 in exchange for 10 percent of the venture at the start. Kevin O’Leary offered him the requested sum, but for a hefty 50 percent ownership of the startup. Love countered that “50 percent is quite a bit,” but begrudgingly agreed to the deal with the lone shark as the others were not interested in making counter offers.

Of course this isn’t the first time the sharks have heard about cryptocurrency. Mark Cuban, who was doubtful central banks would allow Bitcoin to grow back in 2014, has become much more open to the idea recently, even suggesting that his NBA team will sell tickets for crypto. Cryptocurrency angel investor and Civic founder Vinny Lingham has also been a regular on the South African version of the show.

Would you use a roundup app to automatically buy cryptocurrency? Share your thoughts in the comments section below.

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