For the average person, investing in cryptocurrencies is too complicated, but it doesn't have to be with Bundir. The app automatically changes to the user from daily spending. It was developed by software engineer Dmitri Love, who reached an agreement with Mr. Shark Tank. Bundil is worth $0, as in mid-2023, founder Dmitri Love announced the closure of Bundil, citing challenges in expanding its business.
Dmitri Love's background
Dmitri Love is from Cave Springs, Arkansas. He was a research scientist and football player while studying biochemistry at the University of Arkansas. But when he suffered a serious knee injury, he taught himself how to code.
In 2016, he interned at the Adair Creative Group. The following year, he was hired as a leading software engineer at Slipstream Creative and was a web developer at ReadingGlasses.com.
Arkansas residents later conducted contract work with companies such as Daystar Television Network, Lockheed Martin, Hidrent and Method. He also has contacted the cryptocurrency industry.
The Birth of Bundir
After learning about the nooks and gaps of cryptocurrency investment, Dmitry had many friends and family asking him how he could do it in the right and simple way. He initially thought everyone needed to go through everything he went through.
Until he created a solution to change his mind. In 2018, Love developed a subscription service that helps users automatically invest change from debit and credit card transactions.
Bundil offers all the top cryptocurrencies such as Litecoin, Ethereum and Bitcoin. He asked his mother and other close people to use it first, but they didn't find it practical.
Tilt bundil on shark tank
The programmer knows that the business has great potential, but he needs help to acquire clients. Six months after Bundil's launch, Dmitri Love appeared in Season 10 of Shark Tank, demanding $100,000 in exchange for a 10% stake.
Shortly after Lori Greiner started the court, she spoke out because she didn’t believe in the cryptocurrency hype. Even so, Shark was impressed by what he knew about his company.
Daymond John and Mark Cuban go out for different reasons. Kevin O'Leary is the only one left because he is a big investor in the field. Kevin offers $100,000 in startups. Dmitry was very hesitant, but he accepted the deal.
How about Bondir after the Shark Tank?
After the Shark Tank, Bundir received media coverage from Forbes, CNBC and CES conferences. According to sharktankblog.com, the deal with Kevin was never completed.
Despite initial growth and additional funding, Bundir faces challenges in expanding his business. In mid-2023, Dmitri Love announced the closure of Bundil, saying he should have considered a pivot or new direction earlier.
Love founded Pea Technology in February 2024 after Bundil closed, a fintech startup designed to revolutionize how couples manage their finances. PEAS offers features like Bill Split, Joint Savings and AI-powered Financial Assistant such as “Penelopea”.
The company raised $750,000 in January 2024 from investors including Techstars, Gurtin Ventures and Tricia Martínez-Saab and Antler. Pea technology is in the beta stage, and Dmitri Love Love continues to innovate in the field of fintech.
Categories: Shark Tank
Source: svlsf.edu.vn