Overview
Bundil is an app that automates the process of investing spare change from daily spending into cryptocurrencies. It was created by software engineer Dmitri Love, who made a deal with Kevin O’Leary on Shark Tank. As of 2024, Bundil is worth $1.5 million.
Pitching Bundil on Shark Tank
Six months after launching Bundil, Dmitri Love appeared on Shark Tank, seeking $100,000 in exchange for 10% equity.
Despite Lori Greiner’s skepticism, the Sharks were impressed with Love’s knowledge of his company. Kevin O’Leary offered $100,000 for 50% of the startup, which Love accepted.
How is Bundil Doing After Shark Tank?
After Shark Tank, Bundil received media coverage from Forbes, CNBC, and the CES Convention.
However, there is no evidence that Kevin O’Leary’s deal with Bundil closed, and he has not mentioned the company recently.
The app has 3.9 stars on the App Store and 2.7 stars on Google Play, and it supports a growing number of digital currencies.
Bundil makes an estimated $200,000 in annual revenue and is worth $1.5 million. Despite this, the founder currently works as a Senior Product Manager for Method.
Dmitri Love’s Background
Dmitri Love is a biochemistry graduate from the University of Arkansas. He began his career as a research scientist, but after a knee injury, he taught himself how to code.
Love later worked as a web developer for companies such as Readingglasses.com and Slipstream Creative before venturing into the crypto industry.
The Birth of Bundil
After realizing that investing in cryptocurrency was too complicated for the average person, Dmitri Love developed a subscription service in 2018 that allowed users to automatically invest their spare change from debit and credit card transactions.
However, the initial users, including his mother, found the app impractical.
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