Company Overview

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Founded:
2012
Founders:
Kanishk Parashar
Headquarters:
San Francisco, CA
Funding:
$15.5M
Categories:
Mobile, Hardware + Software
Description:
Coin enables users to store all their credit, debit, gift, loyalty, and membership cards in one place via a proprietary connected device.

Detailed Description

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We are a consumer electronics company focused on creating things that that make life better. Our flagship product, Coin, is a connected device that allows you to carry fewer cards in your wallet with security and utility beyond what a plastic card can offer.

We live in a world of overstuffed wallets and purses. With the average person owning about 9.5 credit cards, not to mention loyalty, membership, and debit cards, the clutter can become a real issue.

Today, Coin, a new startup out of Y Combinator, is launching a product to solve that. Coin has created a Bluetooth Low Energy (BLE) connected card (approximately the size of a single credit card) that can store all your swipe-able cards and be used to pay everywhere cards are accepted, all in real time.

Coin is a completely unique and secure device that fits seamlessly into your wallet or purse. Coin is powered by a 128-bit encryption for all storage and communication with its easy-to-use consumer app. To start, you receive your Coin card and a card-swipe dongle that connects to your smartphone or tablet and allows you to upload all your cards onto the mobile app, which then automatically stores them onto your personal Coin card. Once you have set up your Coin, you no longer need the accompanied app or your iOS or Android device to be near for Coin to function, unless you want to manage, add or delete existing cards.

Current Team (7)

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Funding Rounds (1) - $15.5M

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Board Members and Advisors (3)

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Investors (3)

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  • A642962dd38a02022dec618777f04443

    Spark

    Spark is a company that builds companies with defined and scalable revenue models.
  • 10802695b96076db2d1acf0fe6df4863

    Redpoint Ventures

    Redpoint Ventures has helped entrepreneurs build innovative businesses that defy convention,...
  • 602ada448a00013ff42b2a55ac280e80

    Spark Capital

    Spark Capital is a bi-coastal boutique venture firm. We partner with bold entrepreneurs creating...

Offices/Locations (1)

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  • The Mint

    370A Townsend St.

    San Francisco, CA 94107

    USA

Competitors (1)

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  • Mwcdj6o8ebzrzm7drlht

    Square

    Square is a merchant services aggregator and mobile payment company that aims to simplify...

Images (2)

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  • 4557b11467bbceaff657f3867a1ee469