Donut App in 2018, started on an interesting journey to help retail investors navigate through the complicated investment landscape in digital assets industry. According to there official blog:-
Last week we were proud to announce the closure of our $1.8M Seedround led by Redalpine, with participation from Tiny VC and a number of impressive angels.
Whilst this was an important milestone for the Donut app team, nothing has changed internally. We remain laser focused on the long road ahead. Our goal is simple: we want to make entering into the digital asset ecosystem as fun and engaging as possible. In turn, we hope to inspire a new generation of investors whilst we are at it.
“We share the vision of the Donut team about the prevalence of digital assets in the future. Digital assets have many beneficial features over traditional assets, yet lack a single access point for holders to conveniently store, manage and transact,” said Harald Nieder, Donut board member and partner at Redalpine.
“We believe most people will have the majority of their wealth stored in digital assets within the next decade,” said Neel Popat, co-founder and CEO of Donut. “That could be anything from cryptocurrencies to fractional ownership of art or owning a piece of unique land in virtual reality. Our mission is to empower everyone to become an investor in that future.”
The app leverages the EU’s Payment services (PSD 2) Directive to “remove some of the common on-ramp issues with buying and storing digital assets,” Donut said, adding that “over 5,000” users have already joined its waiting list.
