Cred, a micro-investing platform for cryptocurrency today announced it has joined Science Inc., the startup development and investment firm that has funded or founded more than 85 companies and has had $1.3 billion in aggregate portfolio company exits, as its newest portfolio company.
Scheduled to launch in the coming months, Cred provides the everyday novice investor a simple way to start buying cryptocurrency. The app is fully compliant with U.S. regulation and will be available to start in California, Missouri, Massachusetts, and Montana.
The Cred app aims to make micro-investing simple with features such as the following:
- Round up your everyday purchases: Investors can round up the amount they spend on everyday purchases to the nearest $1, $2 or $5 and invest the extra money in cryptocurrency. For example, if an investor who rounds up to the nearest $1 spends $3.55 on an iced coffee, the Cred platform will automatically invest $.45 into cryptocurrency.
- Set up recurring investments: Investors can set up weekly or monthly recurring investments into cryptocurrency. Transactions can be as much as $2,000 per month to start.
- Get access to mainstream and altcoins alike: Cred offers a variety of cryptocurrency investment options such as Bitcoin, Ethereum, XRP, Litecoin, and ZenCash as well as tokens such as WorldwideAsset eXchange’s WAX and Neblio’s NEBL. The app teaches investors what each token does and shares its history and relevance in the industry.
- Cap investments at $2,000 a month: The mandatory investment cap adds peace of mind for first-time investors who are averse to spending large sums at this stage.
“We’re thrilled to be working with Science Inc., which has a stellar track record building and growing consumer-friendly apps. By partnering with the Science team, we get access to their incredible customer acquisition skills and experience building household brands such as Dollar Shave Club. We’re excited to be building our business alongside them.”
Science also operates Science Blockchain, the first incubator in the world to be funded by its own tokenized compliant securities offering (token: SCI). Cred is not part of Science Blockchain but will benefit from the team’s deep expertise and knowledge in the space.
“Cred introduces the simplest way to micro-invest in cryptocurrencies. Other platforms in the space are impressive but were built for power users and cryptocurrency veterans. Cred offers an easy way for first-time buyers to begin investing in cryptocurrency at their own pace and will help bring the value of cryptocurrency to Main Street.”
Cred is headquartered in Santa Monica, California.
