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About SNAPCARD

SNAPCARD offers a suite of products and services which are designed to make it easy for the average consumer or business to use Bitcoin and alternative decentralized digital currencies. Accounts can be created in minutes, and allow retailers to start participating in the digital currency innovation straight away. 

Founded in 2013, SNAPCARD is focused to help bring liquidity to the digital currency community. SNAPCARD is headquartered in San Francisco, California with offices in Australia, and Canada.

Covered widely in the media (Forbes, Coindesk, VentureBeat, WSJ, Techcrunch)

Product & Service

Team Story

We met living in a hacker house in Potrero Hill (a borough in San Francisco, California). We slept on bunk beds for about 1 year and had very similar goals and aspirations. Yanni resigned from his job at a Data Encryption firm, I stopped working on a mobile application project, and we started working together on our company. 

We then started our own Hacker House and that has helped pay for our operation costs for SNAPCARD. 

SNAPCARD was founded in 2013 in order to help consumers spend their digital currencies. Since then we have been rethinking the way that merchants and consumers use digital currency.

We've been working hard to build new technology and forming strategic partnerships. It's been an awesome ride and we're looking forward to having more people join :)

Founders and Officers

Key Team Members

Jack Jia

Employee

Notable Advisors & Investors

Tim Draper
James Han

Frequently Asked Questions

Making an Investment in SNAPCARD
How does investing work?

When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by SNAPCARD. Once SNAPCARD accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to SNAPCARD in exchange for your shares. At that point, you will be a proud owner in SNAPCARD.


What is the difference between preferred equity and a convertible note?

Preferred equity is usually issued to outside investors and carries rights and conditions that are different from that of common stock. For example, preferred equity may include rights that prevent or minimize the effects of dilution or grants special privileges in situations when the company is sold.

A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing.

To learn more about startup investment types check out “How to Choose a Startup Investment” in our academy.


What will I need to complete my investment?

To make an investment, you will need the following information readily available:

  1. Personal information such as your current address and phone number
  2. Employment and employer information
  3. Net worth and income information
  4. Social Security Number or government-issued identification
  5. ABA bank routing number and checking account number (typically found on a personal check or bank statement)

What if I change my mind about investing?

Until a closing occurs, you may cancel your investment at any time, for any reason. You will receive an email when the closing occurs and your shares have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your portfolio page.


After My Investment
How can I sell my shares in the future?

Currently there is no market or liquidity for these shares. Right now SNAPCARD does not plan to list these shares on a national exchange or another secondary market. At some point SNAPCARD may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when SNAPCARD either lists their shares on an exchange, is acquired, or goes bankrupt.


How do I keep track of this investment?

You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement.


Other General Questions
What is this page about?

This is SNAPCARD's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity.


What are the risks of this investment?

This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire investment amount. In addition to these risks, you should carefully consider the specific information and risks disclosed in SNAPCARD’s profile.