Wind.app: Empowering Average Consumers with Accessible DeFi
Hussain Elius, co-founder of Pathao, has launched WindApp, a self-custodial smart contract wallet. The app enables businesses to send remote payments, allows people to use it as a virtual bank account, and provides an onramp/offramp infrastructure for changing between crypto and fiat. Within a month of its launch, WindApp has facilitated millions of dollars in transactions. The startup has also secured a $1 million seed funding round, with participation from backers like Spartan Group and Alumni Ventures. WindApp aims to target freelancers and remote workers, especially in Southeast Asia. It differentiates itself by offering lower fees and easy account setup without extensive KYC requirements. The app’s initial focus is on the Philippines, a large remittance market with crypto-savvy individuals. WindApp’s self-custodial wallet ensures user fund security, similar to Coinbase and Trust Wallet. The startup plans to expand its services and user base through strategic acquisitions and a direct-to-consumer approach.
Table of Contents: Wind.app: Empowering Average Consumers with Accessible DeFi
- Hussain Elius: Co-founder of Pathao, Bangladesh’s top rideshare app, explores the world of DeFi with WindApp
- WindApp: A self-custodial smart contract wallet with three main features
- WindApp enables businesses to send payments to remote employees around the world
- WindApp allows people to use it as a virtual bank account
- WindApp provides onramp/offramp infrastructure, enabling users to change between crypto and fiat
- WindApp has facilitated millions of annual gross transactions within months of its launch
Hussain Elius: Co-founder of Pathao, Bangladesh’s top rideshare app, explores the world of DeFi with WindApp
Hussain Elius, the co-founder of Pathao, Bangladesh’s top ride-sharing app, delves into the world of decentralized finance (DeFi) with his latest startup, WindApp. WindApp, a self-custodial smart contract wallet, offers three main features. Firstly, it enables businesses to send payments to remote employees around the world. Secondly, it allows people to use WindApp as a virtual bank account. Thirdly, it provides on/off-ramp infrastructure, allowing users to exchange crypto for fiat and vice versa. WindApp has already accomplished remarkable milestones, facilitating millions in annual gross transaction volume within months of its launch. Recently, the Singapore-based startup announced that it had raised millions in a pre-seed funding round, with notable backers such as Global Founders Capital, Spartan Group, Saison Capital, Alumni Ventures, TNB Aura, VCBI, and Time.
WindApp: A self-custodial smart contract wallet with three main features
WindApp, a self-custodial smart contract wallet, offers three key features that set it apart in the market. Firstly, it enables businesses to send payments to remote employees easily and securely. This is particularly beneficial for companies with employees in different countries or regions, as it eliminates the need for complex international payment systems. Secondly, WindApp allows individuals to use it as a virtual bank account, providing them with a secure and convenient way to manage their finances. Finally, WindApp has built an onramp/offramp infrastructure that enables users to seamlessly exchange crypto for fiat and vice versa. This feature is crucial for mainstream adoption, as it allows users to easily convert their cryptocurrency holdings into fiat currency for everyday use.
WindApp enables businesses to send payments to remote employees around the world
WindApp, a self-custodial smart contract wallet, has emerged as a powerful tool for businesses seeking to send payments to remote employees worldwide. This innovative platform offers three key features: firstly, it enables businesses to send payments to remote employees around the world, facilitating seamless cross-border transactions. Secondly, WindApp functions as a virtual bank account for individuals, providing them with the ability to manage their finances and make payments conveniently. Lastly, WindApp serves as an onramp and offramp infrastructure, allowing users to convert between cryptocurrencies and fiat currencies effortlessly. With its user-friendly interface and robust security measures, WindApp has quickly gained traction, facilitating millions in annual gross transaction volume (GTV) within months of its launch. Backed by prominent investors such as Saison Capital Alumni Ventures, Tini VC, and VCBI, WindApp is poised for continued growth and success.
WindApp allows people to use it as a virtual bank account
WindApp introduces a novel concept that allows individuals to utilize it as a virtual bank account. This feature presents several advantages. Firstly, businesses can seamlessly send payments to remote employees located anywhere across the globe. Secondly, people can conveniently use WindApp as a virtual bank account, offering greater flexibility in financial management. Lastly, WindApp has established a robust onramp and offramp infrastructure, enabling users to effortlessly convert between cryptocurrencies and fiat currencies. This comprehensive approach has facilitated WindApp’s remarkable growth, achieving a substantial annual gross transaction volume (GTV) within just a few months of its launch in Singapore.
WindApp provides onramp/offramp infrastructure, enabling users to change between crypto and fiat
WindApp, a self-custodial smart contract wallet, provides an infrastructure that acts as an onramp and offramp, enabling users to seamlessly transition between cryptocurrencies and fiat currencies. This feature is particularly beneficial for businesses that need to send payments to remote employees or contractors located in different parts of the world, regardless of their preferred currency. Additionally, WindApp functions as a virtual bank account, offering users the convenience of managing their finances without the need for traditional banking services. This offers greater accessibility and flexibility, especially for freelancers, remote workers, and underbanked individuals who may face challenges in accessing conventional financial systems.
WindApp has facilitated millions of annual gross transactions within months of its launch
WindApp, a self-custodial smart contract wallet, has achieved remarkable success within a short period of its launch, facilitating millions of dollars in annual gross transaction volume (GTV). This Singapore-based startup attracted significant attention when it announced a multi-million dollar pre-Series A funding round led by prominent investors, including Cole Capital, Global Founders Capital, and Spartan Group. Notable backers like Saison Capital, Alumni Ventures, Tini VC, and VCBI also participated in the funding round.
Before founding WindApp, Hussain Elius was instrumental in the growth of Pathao, one of Bangladesh’s leading ride-sharing companies. Under his leadership, Pathao expanded its services to offer food delivery, payments, and BNPL, solidifying its position as a dominant consumer tech company in Bangladesh and Nepal. Elius’s success with Pathao attracted investments from renowned backers, including Gojek, during the COVID-19 pandemic.