Bundil is a mobile phone app that allows you to invest in spare change after any transaction. What differentiates Bundil from other rounding up or investing apps is that it only invests your spare money in Cryptocurrency. How it works is that you link a debit or credit card to the app. Then, the next time you use that card to make a purchase, the app rounds up the money you spend and uses that extra amount to invest in Crypto.
If you’re not sure what Cryptocurrency is, it is actually a form of currency that only exists digitally, meaning that it does not come in the form of notes and coins. Rather, digital currency uses a decentralized system that keeps track of the currency, records any transactions you make, and manages to issue more currency. Bitcoin is currently the most well-known Cryptocurrency, but Bundil also handles other currencies like BitcoinCash, Litecoin, Dash, and Ethereum.
Bundil was founded by Dmitri Love, who wanted to create a safe, secure, and easy way for people to invest in and buy Crypto. Other than making round-ups on your purchases, the app also allows you to buy $50,000 worth of Cryptocurrency at a time.
Is Bundil Still Active?
Yes, Bundil is still an active mobile app that you can download and use! If you’re interested in investing money in Cryptocurrency, then it can be a great option for you to consider.
How Did the Shark Tank Pitch Go?
Dmitri Love walked into the shark tank pitch and asked for $100,000 in exchange for 10% of Bundil in episode 3 of season 10. Bundil had been up and running for 6 months at the time of the episode, and the subscription was $3 per month and $24 per year.
Love told the sharks – Lori, Mark, Daymond, Kevin, and Matt – about the app and everything they needed to know about Cryptocurrency. He uses visual displays to show the sharks the user interface for his app as well as to better explain how Cryptocurrency works.
The sharks’ opinions on Bundil are divided. Lori is the first to state that she doesn’t believe in Crypto and is out. Next, Mark states that he has business with ChangED, which would become a conflict of interest, so he, too, is out. Daymond thinks that Crypto is like the wild west, and Matt thinks it would be too easy for a competing app to come into play. Finally, there is just one offer from Kevin: $100,000 for 50% of Bundil. This made Bundil valued at just $200,000, rather than the $1 million Dmitri was looking for.
After some deliberation, Dmitri accepted Kevin’s offer. In June of 2021, the fourth version of the app was launched and is now compatible with over a hundred banks in the United States. The total revenue for the app is less than $1 million per year.
Our Review of Bundil
As far as mobile apps go, Bundil is fully developed, past all of its test versions, and fully functional. It is compatible with both Apple and Android devices and can be liked to cards from over a hundred different banks. Not only that, but it uses secure channels and encrypted data to make your transactions and investments.
Bundil also has great rounding-off capabilities, so the app can even round off purchases to the nearest dollar. Additionally, you get to choose between various Cryptocurrencies that you want to invest in. Once you put your desired settings into the app, you don’t need to do anything more, and the app does everything for you.
The only downside we see to the app is that there are many other rounding up or investing apps that you could use in its place, with the possibility that those apps might offer more or different advantages.
To make our review a bit clearer, we have listed down the pros and cons of the Bundil App to get a better idea of whether or not the app is worth using.
Pros of Bundil
- Easy-to-use interface
- Multiple options for rounding off transaction amounts
- Offers low-risk investment options with less risk
- You can choose between various Cryptocurrencies to invest in BitcoinCash, Litecoin, Dash, Ethereum, etc.
- Allows you to buy up to $50,000 worth of Cryptocurrency at a time
- Available to download on both Apple Store and Google Play Store
Cons of Bundil
- You have to pay a monthly subscription fee of $3 or a yearly fee of $24
- The app has many alternatives to choose from
- The value of Cryptocurrency can fluctuate greatly, which is discouraging for some investors.
Who is Bundil For?
Bundil is an app that can be used by most adults. However, it would be especially well suited to people that use their debit or credit cards a lot for shopping. Even if you make 10 or 20 online transactions a month, you can round those transactions off to save quite a bit of money.
Bundil is also a good choice for those who wish to start investing but do not know how to start. It offers a safe and easy way to invest, allows you to start small, and is relatively risk-free. All you have to do is put in some details, and then the app does everything else for you.
Are There Any Alternatives?
There are many rounding off and investing apps that can be found online. Many apps allow you to save money by rounding off purchase costs. Many apps allow you to invest in Cryptocurrency. But are there any apps that specifically do both? No, it’s just Bundil.
There are a few competitors that you can consider, however, such as Coinbase Commerce, Coinseed Savings, Signals, Bamboo, Donut, CoinBundle, and more.
Our Final Thoughts
In conclusion, we think that the Bundil app is a pretty great choice for you if you’re new to investments and use your debit or credit card a lot. It is a safe, easy, and low-risk way for you to start saving and making investments, especially if you are interested in Cryptocurrency.