Name of Startup: Investables
Year Founded: 2022
Type of company: Fintech app
HQ Location: Delaware, US
Oleh Shkinder & Dmytro Lokshyn
Democratizing alternative investments for everyone
Problem the startup solves:
Investables simplifies the process of investing in high-quality physical assets by securitizing them and offering them to investors. Our team of industry experts carefully selects these assets, lowering the barrier to entry for investors looking to diversify their portfolio.
Progress and current status:
Investables just launched 2 weeks ago and is already open to international investors. We have funded our first IPO by more than 20% already.
What is a crazy story about the startup?:
Alongside the typical startup struggles and adventures like finding new partners and providers or figuring out regulations, Invetsables has also had to tackle the added layer of having a team predominantly based in a warzone.
“The biggest challenge was when you hear those explosions or you read it in the news and then suddenly the connection breaks up”
Co-founder and chief technology officer Shalhinov is based close to a lot of the fighting, and many of the rest of the team is in Kyiv and Dnipro.
“For me, the biggest challenge was when you hear those explosions or you read it in the news and then suddenly the connection breaks up and you don’t have access to the people and you’re writing to them ‘Hey guys, what’s up?’ and then for the next two hours no one’s responding to you,” Lokshyn said.
“I think this is the biggest issue, maybe less from a startup perspective as well, but just from a human perspective, because you’re worried about whether everything’s alright.”
Despite the challenges of having to source generators for the internet and explosions, alarms and fighter jets often going off around them and their colleagues, Investables has readied itself to launch pretty quickly.
“What we’re hoping to do once everything is over is to transport a burnt tank from Ukraine and actually put it on the auction house or create an offering with it and donate all the money to the people in need back home,” Shkinder said.
Right now that obviously is not quite achievable – transporting 50-odd tons of metal across the border would be no mean feat – but it is something the company is hoping to do in the future.
“We thought about it during the launch phase, but then we thought maybe we should postpone it for a bit,” Lokshyn said.
“But this would be quite funny if people can fund a destroyed Russian tank and then this money would go towards people [in Ukraine].”
So after a big 2022, with eyes on a funding round, the hopes of gathering the whole team in one place for the first time, and maybe even a destroyed Russian tank, it looks like Investables is set for an even being 2023.
What is a company the startup looks up to, and why?:
“Investables will be the go-to resource for alternative investments in physical assets around the world. Offering API for other fintech companies and IRA custodians, and work with industry experts to securitize assets and connect them with investors. Acquire licenses for scaling.
When people think about world financial centre, they think of NYSE, when people think about alternative investments we want them to think of Investables in the future!
The company in four years will be…
Major player in securitizing and providing investment grade physical collections around the world. API will be widely used in fintech apps and retirement accounts, investing in alt assets will not be something only rich people do anymore!