Bundil is cryptocurrency investment software. It is designed to invest spare change from daily transactions made via debit or credit card into cryptocurrency.
This innovative software is the brainchild of Dmitri Love. He appeared on season 10 of Shark Tank with an offer of 10% equity in exchange for $100,000. He left the show with a deal from Mr. Wonderful.
For those who are curious to know, the net worth of the company as of 2024 is $1.5 million. To know more about the company and its success journey, you should give this post a read.
Contents
Quick Facts
| Business details: | Cryptocurrency Investment Software |
| Founders name: | Dmitri Love |
| Founded in: | 2017 |
| Location (Country): | Addison, Texas, United States |
| Investment Asked by Company | $100,000 for 10% equity |
| Sharks on board (Investors) | Kevin O’Leary |
| Accepted Deals: | $100,000 for 50% equity |
| Shark Tank Episode: | Season 10 Episode 02 |
| Net Worth | $1.5 Million |
| Business Status: | Active |
| Social Media | Facebook |
| Last Updated: | June 10, 2024 |
What is Bundil?
Bundil is a cryptocurrency software program that invests spare change from your daily transactions made through debit and credit cards into cryptocurrency automatically.
This software is ideal for those who want to invest in cryptocurrency such as Bitcoin, but don’t know how to get started. Bundil will automatically invest your leftover change into BTC.
It charges a subscription fee of $24 per year or $3 per month. This app was presented on Shark Tank.
Who is the founder?
Dmitri Love, the founder of Bundil hails from Cave Springs, Arkansas. He holds a biochemistry degree and completed his graduation from the University of Arkansas.
Earlier, he was a soccer player and research scientist. But after getting an injured knee, he left soccer and learned to code.
In 2016, he was hired as an intern at Adair Creative Group. The next year, he got a job at Slipstream Creative. He also worked at readingglasses.com.
Later, he did contract work with companies such as Lockheed Martin, Daystar Television Network, Method, and Hidrent.
Founding Bundil
Although Dmitri is a biochemistry student, he had an interest in cryptocurrency. He learned the details of cryptocurrency investing and thought of developing a software program that would help people easily invest in cryptocurrency.
In 2018, he came up with a subscription-based service that would automatically invest your spare change from credit and debit card transactions.
Bundil offers exposure to Bitcoin, Ethereum, and Litecoin. Knowing the potential of his business he decided to go to Shark Tank.
Bundil On Shark Tank
Dmitri Love entered season 10 of Shark Tank with the hope of seeking funds for his business. He proposed a deal of $100,000 for 10% equity in his company.
However, most of the Sharks backed out from the deal because of different reasons. In the end, Kevin O’Leary offered him a deal of $100,000 for 50% equity. Although Dmitri was very hesitant, he accepted the deal.
After the airing of the Shark Tan episode, Bundil got coverage from top media outlets like CES Convention, Forbes, and CNBC. However, there’s no evidence that the deal with Kevin closed.
Nevertheless, Bundil is still in operation and has been rated 2.7 stars on Playstore and 3.9 stars on the App Store.
The business may not be doing as well as it was expected, but the current net worth of the company is around $1.5 million.
Is Bundil Still In Business?
Dmitri Love mentioned in a March 2019 interview that the startup joined the Capital Factory Accelerator. He said Capital Factory helps many great companies worldwide, and he’s proud that Bundil is part of them. Love also mentioned they were getting ready for more funding and planning to include new features that users would like.
Love’s posts on LinkedIn show that Bundil got funding outside of Shark Tank. However, in one post, Love talked about his frustration with competitors getting better treatment.
In late 2023, Love shared on LinkedIn that he hadn’t been posting much because Bundil failed earlier that year. He didn’t explain much about what went wrong but said he should have thought about changing direction sooner.
FAQs
1. How much does Bundil cost?
If you navigate to Bundil’s website and at their pricing section, you will realize that they charge an upfront fee of $5, which they have mentioned on their website.
2. What is the Bundil deal on Shark Tank?
At Shark Tank, Bundil’s founder Dmitri Love asked for $100,000 for 10% of the company, which was a pretty great ask, provided how well the company was already doing at that point.
3. How much is Bundil worth?
Following the initial and sustained success that Bundil has gained from their presence on Shark Tank, it isn’t surprising that they have an estimated net worth of $30 million at this point.
