Luso Digital Assets is a cryptocurrency brokerage firm licensed in Portugal. Our goal is to provide cheaper, faster, and easier remittances to underserved markets through a global network of cryptocurrency brokers. We are developing partnerships with other brokerages and P2P merchants in Brazil, the United States, and several African countries, with more jurisdictions to come. Our app will have a user experience similar to traditional banking, making it easy to use for clients unaware of how cryptocurrencies work.
Current Status
In 3 years we have:
- more than 8.000 customers
- $67M in trading volume
- over $1M net revenue
We have focused on payments to individuals and companies abroad, and real estate in the portuguese market.
Market
TAM: 600B Market
— Yearly amount of remittances worldwide
SAM: 130B Market
— Yearly amount of remittances in key markets (Europe + Brazil)
— An underserved market waiting to be discovered
— Rich opportunity to engage with existing users
SOM: 2.6B Market
— Represents 2% of all remittances in Europe and Brazil
— Strong presence of digital-first consumers
Tapping into the Lucrative Remittance Market
Our TAM/SAM/SOM analysis reveals the enormous potential for our remittance
product among immigrants and expats looking for cost-effective and efficient
money transfer solutions.
Problem or Opportunity
Wiring funds universally is a slow and expensive process and a real hassle:
• 30% of the World Population are unbanked
• Up to 50% in underdeveloped countries
• On average international remittance costs 6%
• And takes 3-5 business days for a bank transfer.
Solution (product or service)
We are building an app that will allow users to purchase crypto in as many jurisdictions as possible, transfer it to other users in different jurisdictions and sell it in the destination.
No cryptocurrency knowledge will be necessary, the product simply uses cryptocurrency as a payment tool between users.
Users will be buying and selling to different entities depending on their jurisdiction, curated by us, or as an open P2P marketplace.
Our product can get to countries where our competitors are not available.
We are able to create a much more seamless experience then the fractionalized interface of our competitors
Finance
We have multiple services that use the core brokerage infrastructure. Our brokerage fee varies from 1 to 2%, depending on the top level service and/or jurisdiction
Business model
Our business model is a B2C brokerage service. We have an online store, real estate listings platform with crypto, payment integration for retail and ecommerce stores to accept crypto, a lending application to use crypto as collateral and the remittances application
Money will be spent on
research and development, marketing, liquidity for exchange operations, liquidity for running the payments server in crypto
Offer for investor
we are ready to offer 25% of the company for the full $5M
