Company description For people who reach their customers over the phone for sales or mark... Read more   Company description For people who reach their customers over the phone for sales or market research, KarmaCall allows them to increase conversions by paying their customers in real-time, ONLY when customers accept the call. Just like what Google did with cost per click, we invented cost per call. https://play.google.com/store/apps/details?id=com.fyncom.robocash   Company name: FynCom Founded: January 2019 CEO/Founder: Adrian Garcia CEO/Founder Email: adrian@fyncom.com Sector(s): Fintech, Cryptocurrency, Advertising Business Stage: Pre-Revenue Business Categories: B2B, B2C Business Types: SaaS, Marketplace Headquarters: Irvine, California Company Website: https://karmacall.com Team Distribution: Irvine, California · 1 San Diego, California · 1 Seattle, Washington · 1   Team CEO Adrian Garcia   CTO - Co-Founder Christian Rodriguez   CRO - Co-Founder Nico Torteli   Market opportunity Cold calls are never going to die, but they represent a market inefficiency. Businesses are spending too much to acquire customers, while customers are losing too much money with scams. We combined cryptocurrency with telecommunications to align the 2 sides of this marketplace, creating trust between callers and consumers. By adding the trust component, we differentiate unknown calls from unwanted calls. We monetize legit unknown calls and reduce customer acquisition cost, creating a new channel for sales, advertisements, and research Traction # of Signed Contracts:1 Contract in Brazil to get 15k Samsung users / month. Signed with Digital Turbine. # of Contracts in Pipeline:1 Credit consolidator with 1/188 conversion rates. Giving list of 1k number for the company to test their channel. Active Users: 5400 Monthly Letters of Intent Signed:1 In talks with Brazil VC to raise $1M. Total Users:11000 Users Retention Rate:46% monthly users active after 1 months Churn Rate:54%/month User Growth Rate:52% per/month for 7 months Supply Frequency:109 transactions/day Traction (Additional Notes) 35 blocked calls payouts per day - Q320. 198 blocked calls payouts per day - Q121. Business model B2C Free: Block scams and allow emergencies and friends. $4.99/mo: Add filter to allow legit calls, like potential clients (good for real state agents, freelancers, etc.). B2B 20% commission: Pay users to accept your call. Timing Spam calls have plagued society for 20+ years, despite laws & tech. They continue to rise. Our idea of creating an instant fee-less monetary transaction to address the root cause of this problem was only made possible by 2015 tech (distributed ledger). Fundraising history $9.5K Raised Friends & Family Self-funded Fundraising target $1.0M   Recent News & Activity News•Feb 3, 2021 Disruption Banking — FynCom strengthens as it plans roll-out in Brazil News•Aug 19, 2020 Disruption Banking — Talking about FynCom with RoboCash from California Read less



Reviews

I've been using this app for a few months now and it's worked great. It blocks calls (yet I can still get them to go directly to voice mail without disturbing me) that aren't on my contact list, PLUS I get paid in the nano cryptocurrency for each call that gets blocked. How cool is that? win/ win
- by Dan Turner, 09 May, 2021 3:02 AM
I can't believe this is free! Great concept and execution to block spam calls! All while earning some money! Awesome work!
- by Connor Hayes, 09 May, 2021 2:53 AM
Great. No robo calls and no calls from Salesmen doing medicare sales!
- by Michael Ramsey, 09 May, 2021 2:50 AM
What an amazing idea to eliminate spam calls and create an environment where consumers are paid for their data rather than being targeted by spam calls. This is going to be a big industry. The opportunity to invest early in a disrupting company that solves a major pain for consumers is something I wouldn't miss.
- by Itay, 04 May, 2021 2:45 AM
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