This company is no longer in business. Investors can get details about any potential exits or failures here.

Unbanked (formerly Ternio BlockCard)

Unbanked (formerly Ternio BlockCard)

Growth Stage

Connecting DeFi and cryptocurrencies to banks, cards, and other legacy finance

Connecting DeFi and cryptocurrencies to banks, cards, and other legacy finance


Raised to Date: Raised: $156,355

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Year Founded



Financial & Insurance Products & Services

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Alpharetta, Georgia

Business Type

High Growth

Unbanked, with a valuation of $115 million, is raising funds on StartEngine. The company provides a platform for customers to move money instantly, with the real-world applications of blockchain and cryptocurrency. Unbanked allows users to buy using their cryptocurrency at about 50 million merchants. The company reported revenues of $19.9 million in 2021 and recently won the Shark Pitch competition. Ian Kane and Daniel Gouldman founded Unbanked in January 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $2.7 million. The campaign proceeds will be used for marketing, operations, research and development, and legal expenses.

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Financials as of: 01/04/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Unbanked (formerly Ternio BlockCard) 04/13/2023 StartEngine $115,000,000 $156,355 SAFE Funded RegCF
Unbanked (formerly Ternio BlockCard) 09/02/2022 Republic $115,000,000 $2,229,296 SAFE Funded RegCF
Ternio BlockCard 07/11/2020 Republic $15,000,000 $1,070,000 SAFE Funded RegCF
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The blockchain — which powers cryptocurrency — has a number of use cases, from peer-to-peer transactions to international payments. Now, thanks to companies like Unbanked, cryptocurrencies are more versatile and easy to use than ever. 

With a debit card powered by Unbanked, you could walk into your local grocery store and pay for your food with cryptocurrency. That’s no small feat. One of the major things holding cryptocurrency adoption back is its clunky user experience for everybody — buyers, sellers, traders, and holders, as well as retailers accepting purchases made with cryptocurrency. 

In bridging cryptocurrency with traditional finance systems, Unbanked is filling a huge gap in the cryptocurrency ecosystem.

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Unbanked on StartEngine 2023
Platform: StartEngine
Security Type: SAFE
Valuation: $115,000,000

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Warning: according to the close date for this deal, Unbanked (formerly Ternio BlockCard) may no longer be accepting investments.

Unbanked (formerly Ternio BlockCard) Deal Report

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