At a Glance
Currynomics Labs OÜ introduces Redcurry: a real estate backed digital currency easy to use and as accessible as BTC, but grounded in real-world assets.
Ever wondered where to securely store your savings in an unpredictable world? Redcurry is designed for both the banked and unbanked, it’s our answer to the challenges of inflation, crypto volatility, and real estate investment barriers. It’s our recommendation for our own families, today and tomorrow.
Traction and Ask
Currently in live beta, Redcurry has built a thriving community of 1,200 members, with a waiting list of 4,000. Letters of Intent with the leading regional financial service providers recognize the unique value proposition of Redcurry. Our vision is backed by notable contributors such as Ecosh Life, Impulse Generator Fund, and several prominent individuals like Aleksander Denisoff, Pasi Pohjala (FinBAN), Asse Sauga, Dejan Mansfeld-Rupnik, and Markus Pejacsevich.
Currynomics Labs is now seeking €250k in private sale funding. Our ideal investor is seasoned in fintech or real estate, has a knack for marketing, and boasts a robust network in regions like Turkey or South East Asia. The investment is needed to:
- Establish Redcurry’s foundation and holding structure.
- Foster strategic partnerships and amplify community growth.
- Officially launch Redcurry with the goal of achieving €500k in ARR by H2 2024.
Market, Business Model, Financials and Team
Currynomics Labs is poised to tap into a vast market potential, from the €12 trillion EU households’ deposits to the 2Bn unbanked individuals worldwide.
Our monetization is anchored in management fees on AUM, transaction fees and liquidity provider fees. Our roadmap targets breakeven by Q4 2024 and a projected €6M ARR by Q4 2026.
Guiding this vision is a diverse team of 9 (4 full-time / part-time co-founders and 5 full-time / part-time employees) with extensive backgrounds in real estate, wealth management, technology, and blockchain.
Competitive Advantage
Key USPs versus competitors like Pax Gold, Gold Coin, Dynasty Global, RealT, SolidBlock, reitbz, Lofty, and HOME are:
- Fungibility and freedom from restrictive security categorizations.
- Value and stability derived from yield-generating properties.
- A trusted legal framework ensuring both safety and transparency.
Round Details
At a €5M pre-money valuation, Currynomics Labs aims to close this round by 31 October 2023. Some minority investors have already soft committed to cover 20% of the round. The minimum investment ticket size is €10k.
Currynomics Labs has previously raised a €400k pre-seed round at the end of June 2023 which was made of equity and loans from private investors —including co-founders and one prominent FinBAN angel— to develop its MVP. With the closure of this new round, we’re poised for a global launch and market capture. As we steer Redcurry towards a goal of €1Bn AUM by 2026, our anticipated valuation will surge to a minimum of €100M.
Get in Touch
Neeme Liivlaid (CEO & Co-Founder) and the other founders are speaking with potential investors over the next few weeks and are keen to pitch, demo and open up their KPIs dashboard and financial plans in detail.