We broke down
@crediblefin's
@MetaDAOProject launch (one of the most compelling raises MetaDAO's done to date).
The numbers behind it:
- $3.5M revenue run rate, growing ~30% month-over-month
- Monthly volume from $32M in December to $146M in June
- Raised $4M at a $9M valuation, half institutional (they did a road show), half retail
- ~$36M in committed capital, only $4M accepted
The business: $CRED is a payment processor for emerging markets, bridging a USD payer and a recipient in a local (often hyperinflated) currency, getting legal clarity on both sides and providing the liquidity.
Exited founder (
@NiceGuyShri) building in a market he already knows.