iTrust Capital, Inc.
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iTrust Capital, Inc. - overview
Established
2018
Location
Long Beach, CA, US
Primary Industry
Financial Services
About
Based in California, US, and founded in 2018, iTrust Capital, Inc. operates a crypto individual retirement account (IRA) software platform. The company was founded by its CEO Todd Southwick and Blake Skadron. In January 2022, iTrust Capital, Inc.
raised USD 125 million in series A funding led by new investor Left Lane Capital and announced the launch of its monthly account servicing fees. As of 2022, the company has a client base of over 25,000 client-funded accounts. iTrust operates an online software platform that allows clients to purchase and sell cryptocurrencies as well as precious metals like gold and silver in real-time through their retirement accounts. Along with the platform, the company also offers live customer service, a comprehensive array of cryptocurrencies, and an iOS version of its software.
iTrust generates revenue by charging transaction fees to its customers, which start at 1% for cryptocurrencies, USD 50 for gold over spot per ounce, and USD 2. 50 for silver over spot per ounce. The company plans to use the funding to expand its products and services, including adding crypto staking services and the ability to participate in governance activities via governance tokens, as well as scale its client services and development teams, launch new marketing channels, and look into potential strategic acquisitions.
Current Investors
LedgerPrime, Left Lane Capital
Primary Industry
Financial Services
Sub Industries
e-Financial, Web Applications, Accounting/Finance Software
Website
www.itrustcapital.com
Verticals
Blockchain, FinTech, FinTech, Mobile Apps
Company Stage
Series A
Total Amount Raised
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iTrust Capital, Inc. - employee data
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