Sweatcoin Competitors, Revenue and Alternatives

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Overview

Location:
Total Funding:$5.7M
Industry:Tech Services
Founded:2015
Lead Investor(s):N/A
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Industry Ranking

Estimated Revenue & Financials

  • Sweatcoin's estimated annual revenue is currently $6.4M per year.
  • Sweatcoin's estimated revenue per employee is $145,000
  • Sweatcoin's total funding is $5.7M.

Employee Data

  • Sweatcoin has 44 Employees.
  • Sweatcoin grew their employee count by 47% last year.
  • Sweatcoin currently has 1 job openings.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
Bitfury
$21.5M148N/AN/A
Clinked
$1.3M9N/AN/A
Loop Email
$2.9M20N/AN/A
Qube Global Sof...
$1.3M9N/AN/A
SatoshiPay
$3.9M27N/AN/A
Aire Labs
$5.5M3831%N/A
Ivar Jacobson I...
$6.2M435%N/A
Qminder
$3.5M24N/AN/A
Virtual Trader
$4.5M31N/AN/A
Opportunity Net...
$16.2M11220%N/A
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Sweatcoin was created with the mission to motivate people to be more physically active and fight the obesity problem that costs the global economy billions of dollars in direct costs every year. In order to motivate people to move more, Sweatcoin identified the need to overcome 'present bias', a term used in behavioural economics to describe humans tendency to ignore things that don't have an immediate effect on us. The solution, a fitness app that converts outdoor steps into a virtual currency ('sweatcoins), which can be spent within the app's marketplace on real goods and services (providing immediate gratification). As of May 2018, more than 400 vendors in the UK, US, Canada, and Australia have accepted sweatcoins as a means of payment via the app's marketplace. Since launch, the Sweatcoin app has had over 12M downloads with 4.5M users using the app on a weekly basis SweatCo Ltd, the company behind Sweatcoin, to date has successfully raised almost £5m in venture capital funding. The most recent £4.2m round closed in December 2017, led by Goodwater Capital (a consumer technology focused Silicon Valley VC firm). Greylock Partners, Rubylight, Seedcamp, Justin Kan (founder of Twitch and Justin.tv) and Rain Lohmus (founder of LHV Bank), also participated in the round.

keywords:N/A

44

Number of Employees

$6.4M

Revenue (est)

1

Current Jobs

47%

Employee Growth %

$5.7M

Total Funding

N/A

Valuation

N/A

Accelerator

N/A

Type

Executive Contacts

NameTitleEmail
Taras PolischukManaging PartnerEmail Available

Sweatcoin News

09/05/2019 - Here's how to make money as a student just by walking or ...

A previous offer on the SweatCoin marketplace saw users able to purchase a FitBit Flex for 375 SweatCoins, a price which would set you back ...

03/09/2019 - Can you really walk your way to wealth? Sweatcoin founders ...

The Sweatcoin founders say they are trying to address this problem but that there's still too many ways to 'game the system', which is why it only ...

05/22/2019 - Sweatcoin app motivates people to get fit and earn free trips

Not everyone finds it easy to get themselves out of bed and down to the hotel gym, but smartphone app Sweatcoin has been proven to motivate ...