Crypto-Investing Startup Giddy’s 7-Slide Pitch Deck

Giddy is an app that lets customers spend money on crypto and stake crypto holdings.
The upstart raised $8 million in seed funding to launch the app.
Here’s the 7-page deck it used to lift the spherical, led by Pelion Venture Partners.
From the surface trying in, cryptocurrency can appear to be a world of potential, but in addition one in all complexity. That’s as a result of digital currencies, which could be traded, invested in, and moved like conventional currencies, function on decentralized blockchain networks that may be fairly technical in nature. Still, they provide the promise of huge positive aspects and have been thrusted into the mainstream through the years, changing Wall Street stalwarts and bankers.But for the on a regular basis investor, a concern of lacking out is settling in. That’s why brothers Ethan and Eric Parker constructed Giddy, a cellular app that allows customers to spend money on crypto, earn passive revenue on sure crypto holdings through staking, and get into the red-hot area of decentralized finance, or DeFi.”What we’re specializing in is giving a chance for individuals who in any other case could not entry DeFi as a result of it is simply technically too tough,” Eric Parker, CEO at Giddy, advised Insider. DeFi is a blockchain-based monetary system that cuts out the middlemen, like banks, credit-card issuers, brokerages. Instead, DeFi makes use of good contracts, that are self-executing contracts which can be written into strains of code.And whereas traders have sometimes mined for cryptocurrencies to achieve extra property, crypto staking is turning into an more and more standard various method to construct crypto wealth. Crypto staking allows customers to earn passive revenue on sure cash by locking up a portion of their cryptocurrency for a time frame. It’s much like depositing cash in a financial institution and incomes curiosity on savings-account funds. But crypto staking is usually a sophisticated course of, notably for newcomers. The act of lending, transferring, and receiving curiosity on crypto is carried out via good contracts. And getting staked in a DeFi alternative can take between 5 and 10 totally different transactions with good contracts, Parker stated. The Giddy app programmatically chains collectively a number of good contracts so app customers solely must click on one button that triggers the execution of a number of consecutive good contracts, “as an alternative of clicking 10 buttons and probably dropping your cash and probably paying loads of charges,” Parker stated. Giddy additionally handles the back-end piping for customers to switch funds out and in of the app and oversees the safety of personal keys, which hold crypto funds secure.The upstart, which is ready to be accessible on Apple and Google gadgets this quarter, introduced elevating an $8 million seed spherical on January 14 led by Pelion Venture Partners, with investments from fintech CEOs Derek White of Galileo and Blake Murray of Divvy.Here’s the 7-slide pitch deck Giddy used to lift $8 million.

https://www.businessinsider.com/giddy-crypto-defi-investing-startup-pitch-deck-seed-round-2022-2

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