snapcard Raises $1.5m

This morning Coindesk reported snapCard’s seed round and product launch.

Eight months ago I met Michael Dunworth and Ioannis Giannaros of snapCard. They had applied to Boost with the statement:

“snapCard is a single-click checkout for the entire Internet. Since we process the order, we accept additional payment methods that most online websites do not have, like Bitcoin.” — snapCard

Their product gave anyone the ability to buy any product on the internet through their checkout tool, which at the time only allowed Bitcoin payments. It was an awesome tool and was a great way to facilitate adoption of Bitcoin. Suddenly you could buy all those J-Crew sweaters you wanted for winter with Bitcoin, but without the need for J-Crew to accept Bitcoin.

Michael and Ioannis actually got an interview largely because of their drawing that they applied with (all Boost VC applicants have to draw a picture):

“Nuff said.” — Anyone who has seen this picture

So we interviewed them, and they were complete hustlers, a quality we admire at Boost. They both had startup experience, and they were both passionate, and both had a big vision. I also found out that Michael Dunworth was Australian… I have a soft spot for Australians.

We accepted them into Boost and have been impressed with them every day since. They quickly realized a big piece of their company would be customer support, and so they made their support insanely good, sometimes at the cost of their own sleep. They were consistently in the office the earliest, and on customer support through the night.

And if that wasn’t enough, they are marketing geniuses: Pizza day, Snapcard Blaq, and Bitcoin Tax Pay.

This is a long way of saying that I expect big things from this team, and you should too. They are an unstoppable force, and now they have a seed round.

Congratulations snapCard.