About Kresus
Kresus is a company based in San Francisco (United States) founded in 2022 by Trevor Traina. It operates as a SaaS (Software-as-a-Service), Subscription Services, and FinTech. Kresus has raised $25 million across 1 funding round from investors including Franklin Templeton, JetBlue Technology Ventures and Liberty City Ventures. Kresus offers products and services including Kresus Wallet, Kresus Pro, and MiniApps. Kresus operates in a competitive market with competitors including Phantom, imToken, Ripio, Argent and Rainbow, among others.
- Headquarter San Francisco, United States
- Founders Trevor Traina
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Kresus Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$25 M (USD)
in 1 rounds
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Latest Funding Round
$25 M (USD), Series A
Mar 07, 2023
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Investors
Franklin Templeton
& 4 more
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Employee Count
Employee Count
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Products & Services of Kresus
Kresus offers a comprehensive portfolio of products and services, including Kresus Wallet, Kresus Pro, and MiniApps. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A wallet for managing multi-chain crypto assets securely.
Premium tools for advanced crypto trading on mobile.
Exclusive apps for earning rewards on crypto assets.
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Funding Insights of Kresus
Kresus has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Series A round of $25 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $25.0M
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First Round
First Round
(07 Mar 2023)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series A - Kresus | Valuation | Liberty City Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Kresus
Kresus has secured backing from 5 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Franklin Templeton, JetBlue Technology Ventures and Liberty City Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital and incubation are provided for blockchain technology firms.
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Early-stage venture capital is provided to travel and hospitality startups.
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Founded Year | Domain | Location | |
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Venture capital fund focused on SaaS and consumer sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kresus
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Kresus
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kresus Comparisons
Competitors of Kresus
Kresus operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Phantom, imToken, Ripio, Argent and Rainbow, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile app offering live fitness training & workout programs for the users
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| domain | founded_year | HQ Location |
Digital asset wallet for cryptocurrency exchange
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| domain | founded_year | HQ Location |
Online reseller of Bitcoins
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| domain | founded_year | HQ Location |
Mobile wallet for cryptocurrency and NFTs is provided.
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| domain | founded_year | HQ Location |
Rainbow is recognized for providing secure crypto wallets.
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| domain | founded_year | HQ Location |
Provider of a community-based cryptocurrency and digital asset exchange
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Kresus
Frequently Asked Questions about Kresus
When was Kresus founded?
Kresus was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Kresus located?
Kresus is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Kresus?
Trevor Traina is the current CEO of Kresus. They have also founded this company.
Is Kresus a funded company?
Kresus is a funded company, having raised a total of $25M across 1 funding round to date. The company's 1st funding round was a Series A of $25M, raised on Mar 07, 2023.
What does Kresus do?
Kresus is established as a comprehensive crypto wallet designed for secure multi-chain trading. It operates within the financial technology sector, focusing on decentralized finance (DeFi) solutions. Features such as asset insurance, gasless transactions, and integration with platforms like Coinbase are provided. Tools for mirroring profitable traders and accessing high-yield strategies on networks like Solana and Base are also offered. The platform supports community engagement and mini-apps for additional rewards, ensuring user control and security without seed phrases.
Who are the top competitors of Kresus?
What products or services does Kresus offer?
Kresus offers Kresus Wallet, Kresus Pro, and MiniApps.
Who are Kresus's investors?
Kresus has 5 investors. Key investors include Franklin Templeton, JetBlue Technology Ventures, Liberty City Ventures, Craft Ventures, and Marc Benioff.
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