Building small, profitable and remote tech companies at KintuLabs

Earlier today on Twitter I shared the criteria we have set (not in stone) for building small, profitable and remote startups at KintuLabs:

  • Does it solve a problem we have?
  • Can we build and ship within 1-2 weeks? (we’ll expand this later)
  • Can it be managed by 1-2 people?
  • Can it generate revenue in the first 1-2 months?
  • Can it generate $100k+/yr?
  • Do we know how we can onboard new customers?

I want to expand on these a little in the hopes it’ll help other people considering starting a small, profitable and remote tech company.

Let’s jump in…

Does it solve a problem we have?

My most successful products have always come from working on a product, experiencing a problem, and going on to create a new product to solve that problem.

Here’s how this has worked for me:

I created FoundersGrid (acquired) as there was a lot of content around tech and startups, but no one was curating the very best reads every week.

I created GrowthList as I started building lists of fast-growing startups I could email to see if they wanted to sponsor the FoundersGrid newsletter. It turned out my friends wanted copies of the lists for their own outreach efforts, hence a new business was born.

I created CryptoWeekly when we started adding a lot more crypto/blockchain pieces to the FoundersGrid newsletter – so it made sense to create a new newsletter just for crypto
(which consequently went on to make $350k in its first year).

I created CryptoList as we needed a list of crypto companies we could reach out to about sponsoring the CryptoWeekly newsletter.

I created NewKeys as I wanted an overview of what properties are available to purchase all around the world in the $75-$100k price range, along with the key details of what’s required for a foreign national to purchase a property in each location.

I created Cosana as finding reliable remote contractors to manage the above businesses was becoming a real pain. Now anyone can access a database of fully-vetted remote contractors whenever they need some help.

I created DailyNames as finding great affordable domain names has always been time-consuming as most domains on marketplaces are overpriced and there’s so much crap to filter through.

So yeah, I’m a firm believer in creating products that solve your own pain points first.

And as we are happy to generate $100k-$500k/yr with each new product we create, we do not need the whole world to like or want our products.

Fun fact; at $299 per quarter for CryptoList, we needed to find 83 customers who also value the product as much as we do to pass $100k/yr.

Can we build and ship within 1-2 weeks? (we’ll expand this later)

Right now I’m kind of blessed I have enough product ideas that don’t involve code – which is what makes a lot of product development cycles time intensive.

If I look at what we really do across our current product line, it’s we save people and businesses time. All our products take an insane amount of hours to put together, but that’s our business; we are good at saving businesses/people time.

But I’ve noticed with my list of “ideas” that some products will take much longer to launch than others – so it’s important as a young bootstrapped startup that we focus on building the products we can get launched quickly first.

Can it be managed by 1-2 people?

As we are not shooting for ‘world domination’ with our companies. The end-goal is to have each company serve 100-300 paying customers with just 2 employees – ala Instagram when they sold to Facebook for $1 billion with 13 people.

By the end of the year, I’d like each company to have one person focused on product and operations, and the other focused on sales and marketing. As we don’t rely on code for our products (yet), I think this small combo will work really well.

Please note: due to resources – we do not currently have this setup – but it’s our goal to have this setup by the end of the year.

Can it generate revenue in the first 1-2 months?

As bootstrappers, this means everything to me. If we can’t cover overhead costs within 1-2 months, it makes sense to allocate our resources into products where we can.

Can it generate $100k+/yr?

I believe most good products can. It’s more of a question of knowing how to get the product in front of the right customers – even if this does take a while.

Do we know how we can onboard new customers?

The list of user acquisition channels is immense right now – and each new product will respond differently to different channels. More on this on another post!

2018 Year in Review

This year has been pretty special. My family and I traveled extensively. We finally sorted out homes in Barcelona and Bangkok after traveling for 14+ years non-stop. Our boy started school, and we found out we are having another kiddo early next year.

I also sold FoundersGrid and went all in on crypto projects (as I said I would in my 2017 review) – which has been an interesting, educational, and sometimes scary, ride.

Here’s a look at what I acomplished with work, my travels, my fave restaurants and goals for 2019:

Work

  • I sent out 74 CryptoWeekly newsletters
  • Published 26 in-depth guides here on my blog
  • Built and launched Crypto100 with Crypto.com (the 2019 edition has been built – currently looking for a partner)
  • Traded crypto (which I’ll share details on another day)
  • Invested in 1 startup that will be launching in January
  • Built, launched and sold hundreds of copies of CryptoList
  • Built and launched CryptoDomains with BrandBucket
  • Sold FoundersGrid
  • Hosted 3 Newsletter Workshops (I’m hosting another one in Jan)
  • Built and launched AsiaTechNews and AsiaTechList
  • Consulted with 15+ crypto clients on their marketing strategies
  • Built and launched CryptoTracker with some awesome partners including ADconity, LocalEthereum, Heat Wallet, CXO and Gem
  • Built and launched CryptoFirst with Crypto.com
  • Built BitcoinPredictions that I’ve yet to launch
  • Built and launched LamboIndex
  • Built FlyContinents which allows you to search for the cheapest flights when flying from one contitent to another (it’s a bit buggy – need to find a better API)
  • Started building a SaaS platform in the crypto space which I’ve since paused pending better market conditions
  • Rebranded GrowthList which will be my sole focus for 2019

Travel

  • Spain – Barcelona, Mulaga, Zaragoza, San Sebastian, Bilbao
  • Italy – Florence, Siena, San Gimignano, Chianti, Cinque Terre, Pisa, Genoa, Rome
  • Thailand – Bangkok, Ubon Ratchathani
  • Malta
  • Monaco
  • Istanbul
  • Budapest
  • Lisbon
  • Vienna
  • Hong Kong
  • London
  • Dubai

Best Restaurants

The very best restaurants I visited this year:

Best hotels

Goals

2018 goals were:

  • Get a family home, school and a small office set up in Barcelona
  • Solely focus on crypto (both trading and CryptoWeekly)
  • Find really smart people to work with and learn from

I’m pretty stocked I completed all 3 goals I set for myself.

My goals for 2019 are:

  • Rein back work – I haven’t stopped this year and I’m seriously feeling burned out. Would be nice to take a whole month off when our new kiddo arrives.
  • I want to do more for those in need – not just financially, but with a hands-on approuch
  • Start a podcast interviewing people from all walks of life (not just business). Would be cool to set up a low-cost studio anyone could come in and use

How was 2018 for you?

What’s happening at Ethereum?

Like the rest of the crypto markets, Ethereum has had a wild year. As the price of one ether has whipsawed between highs of $1,389 and lows of just $87 over the course of 2018, the platform’s developer community has continued to quietly build out more Dapps and use cases for the network. But even so, there are storm clouds on the horizon in the near term, as development teams continue to face scalability challenges and some of the biggest Ethereum projects encounter serious operational headwinds.

One of the most prolific contributors to the Ethereum ecosystem to date is ConsenSys, best described as a kind of app studio for crypto – and Ethereum in particular. But a recent report from Forbes has revealed that the business, despite being well-funded, is burning through nearly $100M per year, with no profitability in sight.

Yesterday, ConsenSys confirmed that it would be laying off 13% of its staff across all of its startups, contributing to a broader concern that mass layoffs could begin hitting other businesses in crypto during an extended bear market.

Ethereum’s development ecosystem is facing challenges, too. Development on plasma (once heralded as a short-term fix for Ethereum’s scaling woes) has slowed in favor of zk-snarks, a form of cryptography also used by Zcash that can aggregate transactions into batches, rather than processing them one at a time. The platform’s relative centralization remains a concern as well – and this has led to projects like slow.trade launching, which aim to make Ethereum’s original vision of decentralization a reality.

Despite these headwinds, it isn’t all doom and gloom in the Ethereum community these days. Many developers are already working on building the next generation of the platform – one such example is the Turbo Geth project, which is aiming to transform the way Ethereum clients handle storage. Efforts like these are continuing to gain traction, and the continued focus on scalability issues means that a solution could be coming as early as next year.

Crypto Dinners

I’m not a huge fan of large crypto/blockchain conferences, but do I have a lot of fun when I network and learn with interesting people in the blockchain/crypto space.

With this in mind, I’m considering hosting a couple of “crypto dinners” later this year while passing through Barcelona, Dubai, Tokyo and Bangkok. Nothing fancy – just a group of crypto fans connecting, geeking and learning about crypto together over a nice meal. If there’s keen interest, we could probably invite an expert or two to give some talks.

The aim will be to keep these dinners small and intimate (10-30pax or so) so everyone gets a chance to network and learn. If you could be interested in attending one of these dinners, please send me an email letting me know what one you’re interested in. If there’s enough interest, I’ll get the dinners organized.

Naval on trading money for time

I think Naval, tech investor and founder of AngelList, is one of the sharpest minds in tech. So it was a pleasure waking up this morning to see he did another Periscope chat answering random questions from his audience.

The quote that really resonated with me, especially since I’m no spring chicken anymore, was:

Anytime you can trade money for time, you should. You’ll run out of time first.

Give the Periscope a watch here.

Meet PR300

Today I’m pleased to announce I’m launching PR300.com – a tech news that provides just the key facts to today’s hottest tech news.

The aim is to help people understand what’s happening in tech in a fraction of the time it takes reading through articles on tech blogs that have horrible UX or by visiting multiple tech blogs.

I’ve been in the content world for a long time now, and it saddens me where tech news sites are headed. Many news sites are introducing paywalls and many have introduced new designs that are frankly, unusable. My hope is PR300 will solve a few of these problems.

It’ll be interesting to see how this project grows.

25 Transport Startups in Asia You Should Get to Know

If you’re interested in tech and startups in Asia, be sure to check out AsiaTechList – my hand-researched list of 4,000+ fast-growing tech companies in Asia.

Asia is home to some of the world’s most rapidly developing countries, and that development has created a unique set of transportation challenges for urban designers and commuters alike.

Luckily, a new crop of startups has arrived to address some of the most pressing transportation issues in this part of the world, and the solutions they’ve come up with are already being implemented in other parts of the globe as well.

To better understand the future of transportation, it’s worth taking a look at the numerous Asia-based startups that are unlocking new markets and coming up with breakthrough innovations to make it all possible.

Let’s get started.

1. Grab

Grab started out its life in Singapore as a generic ride-sharing startup, but it’s since evolved into a major platform player in the region that now offers a truly diverse range of services (like its payment platform, Grab Pay, and GrabFood for food delivery). It recently landed $1B in funding in a financing round led by Toyota, and now has a market cap of more than $10B.

To help foster the startup ecosystem in Southeast Asia, Grab recently launched Grab Ventures, a new venture fund that’s aimed at fostering a vibrant transportation and logistics sector in the region.

2. Pony.ai

Just over a year old, Chinese startup Pony.ai is now one of the fastest-growing startups in the transportation sector, and for good reason. Earlier this year it raised $112M in a Series A round to help it continue developing its AI-based autonomous driving platform, and it also launched its first fleet of self-driving taxis on the streets of Guangzhou earlier this year.

With dual headquarters in Beijing and Silicon Valley, Pony.ai is a transport startup with global ambitions. It’s presently developing its own autonomous car, which it hopes to have driving on roads around the world in the next few years.

3. DiDi

Formed by the merger of two of China’s largest ride-sharing startups, DiDi is the largest ride-sharing startup in the Chinese market. Its acquisition of Uber last year helped
eliminate any excess competition, and now it’s seeking to expand globally, with expansion plans for Australia and other countries already in the pipeline.

The ride-sharing startup is also partnering with several of China’s largest auto manufacturers to make electric vehicles affordable to all, with a goal of having 10 million electric ride-sharing vehicles in operation by 2028.

4. GO-JEK

After several years spent focusing on its home market in Indonesia, GO-JEK is finally giving Grab some serious competition in Southeast Asia. The ride-sharing startup recently was offered a $1B line of funding from some of the region’s largest investors – a lineup that includes heavyweights like Tencent, Warburg, and others. That funding is setting the stage for some massive growth that will likely put it on a collision course with other ride-sharing services in the region.

But GO-JEK isn’t just about ride-sharing either – the startup also offers food delivery services, a payment platform, and even on-demand massages to users on its platform.

5. Mobike

Some say that the global bike sharing revolution started in China – and if that notion is true, then Beijing-based Mobike is the startup leading the way. The bike-sharing service is now available in most major Asian cities, and it’s recently begun expansion abroad too, with rollouts in the UK and the US already underway.

In April of this year, Mobile was acquired by Chinese ecommerce giant Meituan-Dianping for nearly $3B in a move that will help complement Meituan’s recently rolled-out ride sharing services in the region.

6. Twenty Two Motors

Twenty Two Motors is an India-based startup that’s focused on bringing the next generation of electric scooters to the world. It launched its flagship Flow scooter earlier this year, which is the first electric scooter in the world to have an AI-powered driving system. With Twenty Two Motors’ proprietary OS, the Flow scooter is able to predict and identify potholes in the roads before they appear – a true competitive advantage in a market that’s notorious for its poorly-maintained roads.

The startup has raised nearly $2M in funding to date, and is already working on the next generation of its electric scooter, which may incorporate limited self-driving capabilities as well as additional AI-powered functionality.

7. Xpeng

Xpeng is China’s fastest-growing electric vehicle startup. Earlier this year, the company raised nearly $350M to help it invest further in the development of autonomous driving technology as it prepares to roll out its first production vehicle, the Xpeng G3, later this year. Although its first production model will be available this year, the startup isn’t planning to produce cars en masse until 2020.

That hasn’t sated the appetite of investors, though, and Xpeng is looking to capitalize on that interest by raising an additional $1.6B in funding by the end of the year.

8. JingChi

JingChi is a startup that’s fully focused on creating the world’s most advanced infrastructure for autonomous vehicles. Most notably, the startup recently joined Baidu’s Apollo program, an initiative that’s aimed at accelerating the development of autonomous driving platforms (70 other Chinese startups are already on board with the program).

JingChi’s technical offerings range from high-definition LIDAR mapping software to deep learning software that can be embedded in almost any vehicle, and the company most recently raised more than $50M in a Pre-A funding round late last year.

9. EHang

EHang is already the most innovative drone startup in Asia, but this year it boosted its credibility even further by unveiling the Ehang 184, an autonomous passenger drone that can carry two passengers and fly up to 80mph. The drone startup has already completed more than 1,000 successful test flights, and hopes to bring the drone to the commercial market in the coming years.

In addition to its transport-oriented drone, EHang also offers a full line of consumer-focused drones designed for everything from action photography to video surveillance.

10. Ofo

Four year-old Ofo was one of the first startups to bring bike-sharing to the Chinese market, and it’s now expanded globally, with a fleet of more than 15 million bikes in operation around the globe. Earlier this year, the startup raised $866M in a funding round led by Alibaba. The funding will reportedly be used to accelerate the bike-sharing platform’s expansion into additional markets in the months ahead.

Bike sharing vandalism is quickly become a significant problem for cities around the world, but Ofo is there to help. It recently announced a program to help combat bike vandalism, which will see it partner with city governments on better controls for bike-sharing platforms.

11. Huochebang

Often described as an “Uber for trucks”, Huochebang is an on-demand logistics platform for commercial trucks across China that matches commercial truckers with shippers that need help with transportation. The startup recently got even bigger late last year after merging with its largest rival, Yunmanman, and it’s raised more than $400M in funding from investors like Tencent and others to date. Huochebang now has more than 3.7 million trucks on its platform, with plans to add even more drivers across the region in the coming months.

12. Byton

Chinese startup Byton is quickly becoming a major player in Asia’s increasingly crowded electric vehicle startup market. It recently raised $500M in a Series B funding round led by FAW Group, one of China’s largest carmakers, and it’s now partnering with the auto manufacturer on producing a new line of electric vehicles.

The startup is working on building its own electric vehicles too, and is promising to unveil a prototype of its widely-anticipated electric sedan later this year.

13. Ola

Ola is India’s largest ride-sharing startup, and has managed to remain dominant in the market even after Uber’s entry into the market a couple of years ago. As of earlier this year, it’d already raised $3.9B from a worldwide coterie of investors, and last month it reported a record 70% revenue growth for its most recent financial year.

Though India is Ola’s home market, the startup is already seeking growth opportunities overseas, with a major expansion into Australia already underway.

14. NIO

Tencent-backed NIO is one of China’s fastest-growing electric vehicle startups, and it recently filed to go public in the US in what could end up being a $2B IPO. Along with its lineup of standard electric vehicles, NIO is also working on the next generation of its EP9 hypercar, which is said to boast around 1,350hp and fully autonomous driving capabilities.

The Shanghai-based startup already has 4,000 employees around the world, and is continuing to grow rapidly in Asia and abroad as it prepares for its upcoming IPO.

15. Xcharge

Xcharge is a Chinese startup that’s developing the next generation of high-powered charging systems for electric vehicles. While the its charging stations are commonplace across China, Xcharge recently embarked on an ambitious expansion into Europe, with a new network of chargers set up in Germany earlier this year.

The startup has around 20,000 charging stations in operation around the world, and payment for charging services is accepted through both credit cards and Xcharge’s proprietary app.

16. BlueSignal

Seoul-based BlueSignal is creating an innovative platform to help relieve traffic congestion around the world. Its app is able to predict the risk of heavy traffic for drivers days in advance, helping users to adjust their travel to time slots that have lighter traffic.

In addition to its consumer-facing technology, BlueSignal is working on enterprise-grade solutions as well. It recently announced a partnership with a major automaker to create predictive traffic management software for its next generation of vehicles, and is continuing to work on other applications for its technology as well.

17. VersaFleet

VersaFleet is a Singapore-based SaaS startup that’s building software to fuel the next generation of logistics and transportation startups. The startup raised nearly $3M in pre-Series A funding earlier this year, which will be used to expand its presence in Asia and further develop its enterprise SaaS offerings.

The VersaFleet platform helps transportation companies automate their logistics operations while streamlining their fleet planning in the process.

18. Katsana

Connected car startup Katsana has built one of the world’s most effective systems for quickly recovering stolen cars. With a 98% recovery rate, the Malaysia-based startup is tracking cars for numerous auto manufacturers, and stopping thefts before they start.

The startup has also developed software that helps auto manufacturers “score” drivers based on their driving habits, and encourage good driving behavior for reckless drivers.

19. Niu

Niu is a Chinese startup that wants to make high-quality electric scooters accessible to all. The company builds electric scooters that are designed short trips with a large urban center, and is looking to solve for the “last-mile” problem that plagues the urban cores of many Asian urban centers.

The company is looking to export its scooters abroad too, and it began selling its new flagship model in Europe after announcing it at the Urban Mobility Summit in Paris last month.

20. Delhivery

Indian logistics startup Delhivery has created a transportation platform to help Indian companies solve for the last mile of delivery. With a valuation of around $2B, the startup has already raised more than $250M in funding to date – and it’s reportedly planning to go public and raise at least $350M in its IPO later this year.

The Delhi-based startup presently operates in more than 1,200 locations across India, and is now embarking on an ambitious growth plan across India’s secondary cities.

21. FOMM

FOMM is a Japanese startup that’s developing a compact electric vehicle designed specifically for Southeast Asian and European cities, where roads tend to be smaller (and traffic tighter) than other parts of the world. The company is planning to begin producing 10,000 vehicles per year as soon as possible through its production facilities based in Thailand.

The most intriguing feature of FOMM’s car, though, is that it floats – literally. This could prove to be an attractive feature in countries like Thailand, which frequently experience massive floods that bring traffic to a standstill.

22. Rivigo

India-based logistics startup Rivigo is focused on solving for some of the country’s thorniest transportation problems using big data and AI. The startup has a fleet of more than 2,000 trucks scattered across India, and is looking to automate its entire operations as it moves to an on-demand shipping model.

Earlier this year, the startup raised $50M in Series D funding in a round led by Warburg Pincus, which values the startup at around $1B

23. Cainiao

Cainiao is a Chinese startup that’s seeking to streamline the process of conducting ecommerce deliveries. Earlier this year, the company was acquired by Chinese ecommerce behemoth Alibaba for $870M, and although now under the Alibaba umbrella, it continues to operate independently.

The startup recently announced that it will be setting up a $1.5B digital logistics center at Hong Kong’s international airport that will feature automated warehousing and cargo transport capabilities.

24. TuSimple

Beijing-based TuSimple is a startup that’s building the next generation of fully self-driving commercial trucks. The company is presently testing its self-driving technology on test tracks in both China and the US, and is also using the same technology to help automate port operations in some of China’s largest cities.

The startup has already raised more than $100M in funding to date, and is aiming to make its commercial trucks available to shipping companies around the world within the next 2-3 years.

25. Carro

Carro is a Singapore-based automotive marketplace that is revolutionize the way its users buy, sell, and rent out their cars. It recently raised $60M in Series B funding (led by Softbank Ventures) to expand its operations in Southeast Asia after announcing Genie Finance, its insurance underwriting and services business.

If you’re interested in tech and startups in Asia, be sure to check out AsiaTechList – my hand-researched list of 4,000+ fast-growing tech companies in Asia.

Cool stuff I’ve discovered recently

Here’s a list of cool stuff I’ve discovered recently:

20 Crypto Companies in Gibraltar you should get to know

If you’re interested in crypto, be sure to check out CryptoList – my hand-researched list of crypto nnectmpanies, and consider subscribing to CryptoWeekly, my weekly crypto newsletter.

Tiny Gibraltar is taking an outsized role in the crypto community these days. The British protectorate has partnered with crypto startups to launch a blockchain exchange on its shores, and has pushed aggressively to attract crypto startups to its shores.

The territory was also one of the first states to have successfully passed legislation around crypto – and this regulatory certainty is leading more entrepreneurs than ever to shift their crypto operations here.

1. Gibraltar Blockchain Exchange

Launched in partnership with the Gibraltar government, the Gibraltar Blockchain Exchange is the British territory’s first digital asset exchange and token sale platform. Its native currency is the Rock Token (RKT), with 60 million tokens worth around $6m issued during GBX’s initial token sale. The exchange operates under the Distributed Ledger Technology (DLT) regulations set by Gibraltar’s government, and is a subsidiary of the Gibraltar Stock Exchange.

In late April, the exchange made headlines when it announced the ICO of TraceTo, the first token sale to be launched on the GBX platform. The GBX is also actively courting other crypto exchanges in a bid to become one of the leading token sale platforms in Europe.

2. Acorn Collective

Acorn Collective is a Gibraltar-based startup that’s looking to transform the world of crowdfunding using crypto and blockchain technology. Headed up by a team of seasoned entrepreneurs, the firm has built a platform that allows anyone to offer equity in their project or company in the form of tokens (transactions are generally conducted using ACOs, the platform’s native token).

The startup was founded in mid-2017, and is an active player in Gibraltar’s nascent crypto community. In addition to its crowdfunding platform, Acorn also offers legal and advisory services to any firms raising funding through its platform.

3. ConnectJob

Gibraltar-based ConnectJob is a startup that’s disrupting the global gig economy through its blockchain-powered labor platform, which allows users to earn cryptocurrency in exchange for performing various tasks. The Ethereum-based service launched in late 2017, and did its public ICO in February of this year, raising more than $7m to fund the accelerated development of its platform.

On the ConnectJob platform, every engagement is tied to a smart contract, which tracks the history of each job in a transparent and secure way. After successfully completing jobs, users are paid in CJT tokens, which can then be exchanged to fiat.

4. Current

Current is a blockchain-based media streaming startup that gives its users choices in how they want to pay for their streaming services. Current combines functionality from all major streaming platforms (including Spotify, YouTube, and others) all in one place, and rewards users for streaming content and data shared – the latter of which is shared with third parties, providing Current with dual income streams.

After streaming, users can earn CRNC tokens (the platform’s native currency), which can then be converted to other cryptocurrencies. The platform boasts a top-tier advisory board as well, ranging from entrepreneur Mark Cuban to VC investor Sten Laureyssens.

5. MediBloc

MediBloc is looking to disrupt the world of healthcare using a collaborative, blockchain-powered data sharing platform. The MediBlock platform enables users to sell their health data to researchers around the world, and get compensated in MED tokens (which are also already listed on a number of crypto exchanges globally). In addition, patients have full access and control over their data, and are able to dictate which pieces of their “healthcare identity” are shared with insurers and care providers.

Based in Gibraltar, the firm is presently targeting Asia for its first phase of growth, and has established partnerships with a number of medical institutions across the region to enable access to its platform data.

6. NKOR

NKOR is a Gibraltar-based firm that’s built a blockchain platform for IP rights management. Intellectual property records can be uploaded to the NKOR platform, where they are securely encrypted and recorded on the blockchain. The NKOR team is aiming to launch its public ICO later this year, the funds of which will be used to accelerate its platform development and begin hiring for R&D roles.

The startup was launched in mid-2017, and is led by CEO Eric Klein (formerly CEO of television company High 4K). By transforming the way people track and are compensated for their intellectual property, NKOR hopes to create a thriving ecosystem of individuals that are securely tracking their inventions on the blockchain.

7. TraceTo

Originally founded in Singapore, TraceTo is now making inroads in Gibraltar by becoming the first firm to list its token (and launch its corresponding token sale) on the Gibraltar Blockchain Exchange. After being approved to list on the GBX just last month, TraceTo is now in the final stages of preparing for its long-awaited token sale.

The TraceTo platform bills itself as a “decentralized Know Your Customer (KYC) network” that enables cryptocurrency organizations to implement KYC best practices at each step of the customer journey. Crypto companies can store their customer details on smart contracts, which can then be viewed inside TraceTo’s software layer.

8. Transact Payments

Transact Payments is a Gibraltar-based e-money platform servicing enterprise businesses and consumers around the world. It provides a wide range of payment solutions for enterprise clients, including several cryptocurrency options. As part of the payment platform, Transact Payments offers crypto wallet services to help customers secure their tokens as well.

The firm operates with full regulatory approval from the Gibraltar Financial Services Commission and is a certified partner of both MasterCard and Visa. As part of its global footprint, Transact has a wide range of clients, ranging from large financial institutions to small tech startups.

9. Lendo

Lendo describes itself as “a fintech company enabling lenders to provide fiat loans for cryptocurrency collateral and a cryptobanking ecosystem”. After being founded in London late last year, the startup has since relocated to Gibraltar, and hopes to leverage the former British territory as an entry point into the European market.

The Lendo platform allows anyone to loan out fiat to would-be crypto investors, or vice-versa. As a result of all lender and customer data being stored on the blockchain, loan applications will be able to be processed nearly instantly, even when investors are using their crypto for collateral.

10. Dether

Dether is a Gibraltar-based, P2P network that allows anyone to buy and sell Ether instantly. The Dether app and platform matches crypto investors and buyers looking to trade their fiat for Ether, and vice versa. To appear as a buyer or seller on the Dether app, users can purchase DTH Tokens, which will put them on the “DTH Map” and make them eligible for matching with other users.

Earlier this year, Dether launched its public token sale, which raised nearly 4k in Ether to fund platform development and increased hiring. The firm has also received partial backing from ConsenSys, the decentralized application developer.

11. Siglo

Siglo is a Gibraltar-based startup headed up by brothers Joel and Isaac Phillips, both of whom are serial entrepreneurs in the mobile space. The firm’s platform runs on Ethereum, and is intended to help prepaid phone customers get free access to the internet and mobile services in emerging markets. Users are rewarded for airtime through their mobile subscriber, and are compensated in Siglo tokens, which can then be used to purchase digital content on the network.

In addition to being used directly in the Siglo app, tokens can also be used across the entire suite of Siglo apps (including Pig.gi).

12. DLTA

Distributed Ledger Technology Advisors (better known as DLTA) was founded by Xchange Investments to help crypto entrepreneurs navigate the regulatory and legal nuances specific to crypto, while also providing advisory support around token offerings and the like. The Gibraltar-based firm is focused on helping clients successfully run their token sales, while working on other critical tasks like community-building and platform development.

Most recently, DLTA became the first Sponsor Firm of the Gibraltar Blockchain Exchange. As part of the agreement, DLTA will help provide advisory support to the GBX, while also partnering with its listed companies and encouraging innovation in the local crypto community.

13. TrustedHealth

TrustedHealth is a Gibraltar-based blockchain startup that’s looking to transform the way healthcare providers and patients interact. Under the TrustedHealth platform, patients can use proprietary Health Tokens to gain access to qualified physicians around the world and purchase virtual or physical health services at the click of a button.

The firm recently enlisted the services of the Consilium Group to advise its leadership team on its upcoming ICO. By partnering with Consilium (a leader in blockchain technology advisory services), TrustedHealth hopes to lay the groundwork for a successful ICO and official product launch in the coming months.

14. WaveCrest

WaveCrest is a Gibraltar-based startup that’s quickly become a leader in the crypto payments space. The firm offers a wide number of global payment solutions, ranging from traditional ecommerce to digital currency payments.

The firm is also one of the largest providers of crypto-based debit cards, and has partnered with numerous startups (including Xapo and others) on creating their own crypto debit cards. In Europe, WaveCrest is also an official partner of MasterCard, with which it’s working closely on a number of electronic money initiatives. The firm is fully licensed and regulated by the Gibraltar Financial Services Commission.

15. Rockchain

Rockchain is a startup that’s presently in the process of creating a private data network on the Ethereum blockchain. The platform allows companies to share content with each other while having full control over their digital rights management. Each company’s privacy requirements are stored on the blockchain, and can be used in distributed applications outside of Rockchain as well.

In addition, Rockchain is an approved sponsor of the Gibraltar Blockchain Exchange, and it’s highly active in the local crypto community, frequently participating at meetups and events within the territory.

16. Gimmer

Gimmer is a local Gibraltar startup that has built up a formidable crypto trading platform. Gimmer’s key differentiator, though, is that it’s fully automated and doesn’t require any programming experience to use. Users can select from a number of pre-programmed trading bots to begin trading cryptocurrencies – all bots are algorithmically based, and have been trained to trade aggressively or conservatively depending on the user’s preferences.

In Gibraltar, Gimmer is partnering with legal firm Insolas to ensure compliance with all regulatory laws (in particular, the territory’s recently-announced DLT regulations). It’s presently preparing for the launch of its token sale, which is slated to occur later this year.

17. Globitex

Globitex is a digital asset exchange that allows anyone to buy and sell cryptocurrencies and crypto derivatives using the GBX token. Through its subsidiary, NexPay, its also one of the few crypto exchanges that’s fully licensed to operate in the European Union.

Earlier this year, Globitex conducted its public token sale, raising over $10m to help it continue building out its trading platform. In the second half of this year, it plans to open up its crypto trading platform to the public and focus on further international expansion, particularly in Europe and Asia.

18. Tontine

Tontine (also known as TontineTrust) is building a community-driven retirement funding platform entirely on the blockchain. The Gibraltar-based company’s platform allows users to purchase decentralized annuities called “Tontines”, which are stored on the blockchain and act as a retirement pension, giving monthly payouts of TON (the platform’s native token) once a user reaches their desired retirement age.

TontineTrust sees its platform as ushering in a new generation of annuities that are decentralized, backed by cryptocurrency, and more secure than anything on the market today. The firm is headed up by former investment banker Dean McClelland.

19. Elite

Elite is a Gibraltar-based fintech firm that specializes in helping crypto companies find top executive talent for their projects. The company has recently ramped up hiring for its Gibraltar office, and is working on a number of projects with crypto clients in the territory.

The Elite team is quite active in the Gibraltar crypto community, and frequently appear at events and conferences around the region. The firm is headed up by Managing Director Penny Sommerfield, and its team is comprised of a diverse group of finance professionals – with experience ranging from crypto trading to institutional investing.

20. ConnectJob

Launched earlier this year, ConnectJob is a decentralized platform that allows its users to pay for a variety of services using cryptocurrencies. The Gibraltar-based startup is looking to tokenize the gig economy with a new platform that supports the purchase of services using CJT (the platform’s native token) or fiat currency.

The firm raised over $10m in its public ICO earlier this year, and will be using the funds to build out its platform infrastructure and digital wallet service. Presently, ConnectJob is being led by entrepreneur Ali Kassab, a prominent investor and advisor in the Middle East that is involved with a number of other blockchain startups as well.