San Francisco, United States
Kandle, founded in 2021, is pioneering in the integration of gaming into the crypto trading ecosystem. Based in the United States, this innovative startup is addressing significant challenges faced by cryptocurrency exchanges, notably a daunting 25% user churn rate due to losses, with more than 95% of traders losing money. By offering engaging crypto quizzes and battles, Kandle aims to rekindle users' interest and engagement, thereby potentially boosting trading frequency and increasing per-user lifetime value (LTV) for exchanges.
The company strategically integrates its gaming module with crypto exchanges without accessing users' data or funds, ensuring a seamless and secure experience. With plans to extend its offerings to stocks, forex, and commodities, Kandle is set to capture a wider financial audience. The company is backed by prominent investors, having secured a $1.70M Seed Round on July 25, 2023, with contributions from key players like Good Capital, Saama Capital, Sprint Vc, and others. This backing adds credibility and accelerates its growth trajectory in the rapidly evolving fintech and gaming sectors.
