Alex Zorn, Staff Reporter – Chicago Business Journal
Courtesy of CryptoMom
Kendra Cole launches a new app, CryptoMom, designed to get women more involved in crypto investing.
Cryptomom, a Chicago startup, wants to make bitcoin and other forms of cryptocurrency investing more accessible to women.
The app, which will launch next month as a cryptocurrency investment platform marketed to women investors, carries the tagline: “The premiere destination for all things crypto for women, by women.”
The beta will launch with limited access on Oct. 5 and will provide financial tools to make cryptocurrency digestible and accessible.
The secure platform allows investors to buy and sell bitcoin, allocate bitcoin to education-savings plans and other investments, and give cryptocurrency as a gift for occasions like graduations and baby showers.
Kendra Cole, CEO and co-founder of the company, along with her husband, Lord Cole, launched the platform after an encounter with a nurse who was caring for one of their three daughters who had received a bone marrow transplant.
During the weekly treatments, Lord, the CTO of a global cryptocurrency firm, would take work calls throughout the day. One day one of the nurses said she had overheard his calls and wanted to learn more about cryptocurrencies.
“So Lord and our nurse cultivated a relationship where every week during clinic she would come back and ask him some more questions,” Kendra said. “After about three weeks, she was ready to start investing.”
But she still had a wide range of questions about how to start investing, how to gift cryptocurrency to her son, and more general questions about the platform she was using.
“After about three months, I went in one day and there were like six other nurses that were hoping to see my husband because they all wanted to get involved in crypto,” Kendra said. “I think that interaction, combined with my own pain point, made us realize that there are other highly educated millennial women that are out there — and there aren’t any platforms [for them].”
Thank you for sharing. Your email has been sent.
It’s not strictly a dating app, though.
Take an entrepreneur, throw in a couple of actors, and you might be able to save lives.
For many companies, the rise of remote work has proven to be both a blessing and a curse on the hiring front. Here’s who is benefiting the most from the trend.
© 2022 American City Business Journals. All rights reserved. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/21) and Privacy Policy and Cookie Statement (updated 7/20/21).
Your California Privacy Rights.
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American City Business Journals.
Ad Choices.
#ot-sdk-btn { color: #FFFFFF !important; border-color: #1a3d7f !important; background-color: #1E4794 !important; font-size: inherit !important; line-height: inherit !important; display: none !important; /* remove when we add ccpa to bizwomen */ } #ot-sdk-btn:hover { color: #FFFFFF !important; border-color: #1a3d7f !important; background-color: #1a3d7f !important; } .ruby #ot-sdk-btn { color: #FFFFFF !important; border-color: #9e2021 !important; background-color: #B32426 !important; } .ruby #ot-sdk-btn:hover { color: #FFFFFF !important; border-color: #9e2021 !important; background-color: #9e2021 !important; } .emerald #ot-sdk-btn { color: #FFFFFF !important; border-color: #10512b !important; background-color: #146636 !important; } .emerald #ot-sdk-btn:hover { color: #FFFFFF !important; border-color: #10512b !important; background-color: #10512b !important; } .sapphire #ot-sdk-btn { color: #FFFFFF !important; border-color: #1a3d7f !important; background-color: #1E4794 !important; } .sapphire #ot-sdk-btn:hover { color: #FFFFFF !important; border-color: #1a3d7f !important; background-color: #1a3d7f !important; }
