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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.

OverviewStructured DataIssuesContributors

Contents

donut.app
trydonut.com
Is a
Company
Company
Organization
Organization

Company attributes

Industry
Finance
Finance
Financial services
Financial services
Solution Analysts
Solution Analysts
Investment
Investment
Technology
Technology
Financial technology
Financial technology
Blockchain and cryptocurrency
Blockchain and cryptocurrency
...
Location
United States
United States
Los Angeles
Los Angeles
Berlin
Berlin
B2X
B2C
B2C
CEO
Neel Popat
Neel Popat
0
Founder
Jordan Abderrachid
Jordan Abderrachid
Neel Popat
Neel Popat
AngelList URL
angel.co/company/donutapp
Pitchbook URL
pitchbook.com/profiles...266250-52
Legal Name
Donut, Inc.
Email Address
hello@donut.app
Investors
Entrepreneurs First
Entrepreneurs First
‌
Kelly Ford
‌
Daniel Aegerter
Andreas Bodczek
Andreas Bodczek
0
‌
Marcus W. Mosen
Crosesell
Crosesell
0
Heiko Hubertz
Heiko Hubertz
Redalpine Capital
Redalpine Capital
Founded Date
2018
Total Funding Amount (USD)
3,900,000
Latest Funding Round Date
June 23, 2021
Competitors
Matrixport
Matrixport
Glassdoor ID
2358385
Latest Funding Type
‌
Venture round
Wellfound ID
donutapp

Other attributes

Blog
medium.com/@donutapp
Company Operating Status
Active
Latest Funding Round Amount (USD)
2,000,000

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

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date
No Further Resources data yet.

References

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