GoldenGolden
Advanced Search
Donut

Donut

Donut is a Los Angeles and Berlin-based developer of a portfolio management mobile application offering users a chance to save money in a high-interest savings account or invest in cryptocurrency.

Donut is a developer of a portfolio management platform and mobile application intended to streamline the management of cryptocurrency portfolios. They offer users a mobile application to help users save money and invest money into cryptocurrencies.

Platform

The company's platform aggregates private keys, manages wallet addresses and provides summaries of white papers, enabling individuals to invest on a platform that is accessible, educational and transparent. Besides investing in cryptocurrencies, Donut also offers "Donut Savings". This is a high interest savings account, offering 2.78%.

Donut charges a 2.5% fee for their operations and trading costs. And, with FDIC, they offer up to $250,000 USD insurance on any fiat currency held in a users Donut wallet.

Features

Donut offers a "round-up" feature, which allows users to round their purchases up to the next dollar amount and save the spare change through the app. This spare change can be added to their savings account or invested in cryptocurrencies.

They also offer more traditional scheduled and "Quick Buy" features which allow users to set recurring investments on a weekly or monthly basis or allow users to make a single purchase of cryptocurrency at a time, respectively.

Donut also offers users a chance to share their Donut handle with friends to invite them to sign up. When they sign up and start investing, referring friends earn a $10 reward.

Support

Donut says they support over 1600 banks and financial providers to help users move funds in and out of their Donut account. These include Visa, Bank of America, Chase Bank, Capital One, Wells Fargo, Chime Bank, American Express, MasterCard, and Goldman Sachs.

Timeline

June 22, 2021
Donut raises $2,000,000 in Funding round. Backed by Redalpine. Other investors include Inventures, Compound founder Robert Leshner, Entrepreneur First and a group of users, including the owners of the Washington Nationals baseball team.
February 19, 2020
Donut App is available on the Apple App Store
March 19, 2019
Donut app receives $1.8m seed funding
March 17, 2019
Donut raises a $1,800,000 seed round from Andreas Bodczek, Daniel Aegerter, Entrepreneur First, Heiko Hubertz, Kelly Ford, Marcus W. Mosen and Redalpine Capital.
June 1, 2018
Donut raises a $100,000 seed round from Entrepreneur First.

Funding rounds

People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Tony Zerucha
June 23, 2021
Crowdfund Insider
Click HERE to find out ⭐ Mobile DeFi App Donut Raises $2M. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
FinSMEs
June 22, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

References

Golden logo
Text is available under the Creative Commons Attribution-ShareAlike 4.0; additional terms apply. By using this site, you agree to our Terms & Conditions.