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Redcurry
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Redcurry

https://redcurry.co/
Last activity: 25.09.2023
Probably Closed
Categories: CommerceDevelopmentEstateFinTechInfrastructureInterestMarketNonprofitPropTechStore
Redcurry is based on the concept of Currynomics, and the nurturing and development of a new asset class, closing the gap between cash and securities. Our bold intention is to establish a new market with a key role in the next ‘money renaissance’. The digitisation of money, cryptocurrencies, decentralised finance and proptech have created a remarkable opportunity to transform the financial landscape. This journey has only just begun and the team at Currynomics bring decades of experience from their fields to simmer in one pot. We all can recognise that inflation is destroying one of the main functions of money - the store of value. The current system is failing to support ordinary people in their endeavours to save. While the last 10 years have encouraged borrowing as opposed to saving, interest rates have been negligible which has contributed to a financial system which undermines and creates division, now starting to creak with the weight and antiquity of its infrastructure. While Redcurry is not intended to rival fiat, it does provide an alternative. By utilising the benefits of commercial real estate and its counter inflationary qualities our mission is to launch a sustainable, inflation-balanced digital currency. This stable digital asset-based currency should appeal to both small and large investors, run by a non-profit foundation building an infrastructure that will enable the realisation of that mission by us and our partners. The Redcurry token is pegged to commercial real estate, and grows income as rents increase. The non-profit foundation ensures that value is maintained, based on decades of real estate experience selecting only the most secure assets to become part of this new financial ecosystem. We believe we have developed a DAO which has the potential to transform the current economic landscape, and provide an investment vehicle for ordinary people, enabling them to store and grow their own wealth, with low risk.
Followers
550
Mentions
2
Persons
4

Overview

Location
Estonia, , Tallinn
Employees
1-10
Total raised
$426.7K
Founded date
2022
Founders name
Kaspar Triebstok; Neeme Liivlaid; Asse Sauga

Funding Rounds 1

DateSeriesAmountInvestors
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Persons 4

DateFirst NameLast NameTitleLinkedInLocation
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MariRaudseppChief Business Development OfficerLinkedIn
NeemeLiivlaidCo-Founder & Co-CEOLinkedIn
AsseSaugaCo-Founder, Chief of OperationsLinkedIn

Mentions in press and media 2

DateTitleDescription
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Sep 20, 2023Estonia’s Redcurry adds €400K to the pot to feed its 'new money' global ambitionsTallinn-based Currynomics Labs, the creator of ‘new money’ Redcurry has secured €400,000 in funding. Investors in the round include Ecosh Life, Impulse Generator Fund, Pasi Pohjala (FinBAN), Aleksander Denisoff, Asse Sauga, Dejan Mansfeld-R...

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FAQ about Redcurry

When was Redcurry founded?

Redcurry was founded in 2022.

How much funding has Redcurry raised?

Redcurry has raised $426.7K in total across 1 funding round.

What has the press written about Redcurry?

Parsers VC has collected 2 articles mentioning Redcurry, among them “Estonia’s Redcurry adds €400K to the pot to feed its 'new money' global ambitions” (Sep 20, 2023).

Is Redcurry still active?

Redcurry is probably closed: its latest activity on Parsers VC dates from Sep 25, 2023.