Klink Finance Raises $500K in Funding

fintech

Klink Finance, London, UK-based provider of a gamified digital asset platform, raised $500K in Pre-Seed funding.

The round was led by Blockchain Founders Fund (BFF) with participation from UOB Venture Management, Signum Capital, TechMeetsTrader, and StartupGym.

The company intends to use the funds to drive its product launch by the end of 2022.

Founded by Chris James Murphy and Philip Jonitz, Klink Finance is a startup that operates at the intersection of consumer finance and blockchain technology. Its system implements social gamification to enable better and recurring financial habits for user populations through a safe and regulated platform. By offering a prize-linked savings solution, all funds on the platform will be aggregated and the yields earned are distributed to users as prizes through probability. This gives users steady returns as well as a chance to earn large returns every week.

With its beta launch set for later this year, the platform’s go-to-market prize-linked deposit account will allow users to win up to $1 million in USDC (stablecoin) every week for holding funds as little as $25 USD. This solution provides alternative mechanisms to reward distribution across user populations, and will expand further services with social features and digital asset ownership in a way that is safe, exciting and rewarding.

FinSMEs

26/10/2022