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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Entrepreneurship

Entrepreneurship

Dmitri Love, Founder, And CEO Of The Bundil Company

Dmitri Love - image from facebook
Dmitri Love - image from facebook Dmitri Love - image from facebook
Dmitri Love - image from facebook
Dmitri Love - image from facebook Dmitri Love - image from facebook

Dmitri Love is the founder and CEO of the Bundil app, which allows users to invest their spare change from daily purchases into cryptocurrency automatically. The app traces your payments inevitably, rounds up each day’s transactions into the nearest dollars, and then invests the extra. The Bundil app customers do not require withdrawing their cryptocurrency, but instead, invest in their choice.

Dmitri Love studied at the University of Arkansas and got his degree in Biochemistry. Unfortunately, he suffered from a knee injury when playing soccer that took a long time to recover. Dmitri taught himself how to code during the healing process. Later he began his new journey and became a software engineer.

I am a web developer, and I have always wanted to invest in cryptocurrency with my family. However, as I was helping my mother traverse her cryptocurrency purchase, I realized the process was too complex. That is when I got the inspiration to make appropriate changes. Nevertheless, I believed there could be an effortless way for it. That is when the inspiration for Bundil struck.

In October 2017, I co-founded the Bundil app. The app also offers amazing features like snooze roundup, withdrawal, or buy extra anytime, and it is super easy to use. However, I had a challenge with customer acquisition. This encouraged me to pitch my company on the Shark Tank show 60 days after launching it. I wanted to give them a stress-free way to purchase crypto that did not include the many previously taken steps.np

I went to the Shark Tank show seeking a $100,000 investment for a 10% equity of my company. At that time, the app was valued $1 million. Unfortunately, my pitch in Shark Tank was far away from excellent. I stumbled over my words more than once and paused to assemble myself. But instead of the shark investors grinding their teeth on me, they urged me to keep going.

Most of the shark investors opted out. The main worry for the shark investors is that up to 80% of micro-investments companies collapse within three years due to market volatility. But still, O’Leary saw a future, since he runs another business in a similar field. So he proposed a $100,000 investment for 50% equity of the company, effectively devaluing the company by 80%. Though the 50% was quite a bit, I still struck the deal with Kevin O’Leary.

After taking the business to the Shark tank show, we started having more users than we could ever hope for. In some cases, this is a golden scenario. However, the system was not ready for that kind of scale since we were so young as a company. So we have been spending the last five months iterating and making the system the best it can be. This will help the app scale hard and bring Bundil to everyone.

To a young Dmitri Love, you should always have a vision for something and have the desire to create it. Always keep in mind that you can succeed. AS time goes by, you will find ways through different obstacles. Also, you should know that the world is full of great ideas, but success only comes through action.

The Bundil app gathers spare money from debit and credit card transactions. It then micro-invests the extra money into crypto. Bundil prides itself by making sure it has an amazing User Experience. We want to spend lots of hours working on what our users see in the app and provide the best product out there. We can’t wait to show the new version of the app to the world, and its UX is even better.

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