We are excited to announce that Yoki Finance is the most recent addition to our track record of successful startups. Fresh from our Season 5 cohort, Yoki Finance is a payment service, providing the infrastructure to facilitate a seamless acceptance of subscription payments using cryptocurrency.
Yoki Finance first came through us through our web3 startup accelerator, BFG Adrenaline. The team, led by co-founder Konstantin Shirokov, proved to be highly driven and very receptive to the mentorship by the BFG team, making full use of the networking opportunities and resources provided in the program to succeed.
We believe Yoki Finance is an attractive investment opportunity due to its pioneering approach in providing businesses and customers with the infrastructure for making recurring payments with cryptocurrency. As one of the first startups to enable this, Yoki Finance aligns with the growing trend of cryptocurrency adoption in various industries. According to a recent report by Deloitte, more than 60% of global businesses are planning to use blockchain technology within the next few years, highlighting the industry's rapid expansion and the increasing demand for innovative payment solutions.
Konstantin Shirokov, co-founder of Yoki Finance, adds, "Building a crypto startup is like navigating uncharted waters, with the complex mix of technology, regulations, and market changes creating big challenges and great opportunities. The BFG is a huge help for Yoki Finance in this process, with advisory and connections, making the tough journey easier and increasing the clarity of our path."
Yoki Finance offers several compelling benefits that cater to these industry trends. Its permissionless nature allows direct integration with the protocol, eliminating middlemen, while its composable, open-source solution enables businesses to build custom products and features on top. The platform is global and borderless, offering censorship-resistant payment processing agnostic to geographical location and industry. With no custody involved, customer funds are settled directly to the merchant wallet on-chain, ensuring full transparency.
Additionally, Yoki Finance offers low fees by charging a fixed rate that covers gas costs, and its payments are irreversible, eliminating the risk of chargebacks common in bank transactions.
This positions Yoki Finance to capitalize on the increasing shift towards DeFi and the broader acceptance of blockchain technology in mainstream financial operations.
The need for subscription payments is more common than we realize, making Yoki Finance a valuable solution across various industries.
The platform allows the automation of recurring payments in various industries such as SaaS solutions, infrastructure, research, data, security, analytics, decentralized social media, and community monetization platforms, enhancing retention rates and facilitating consistent revenue streams.
For businesses, it can also enable paywalls to restrict access to content or services, ensuring only paid subscribers can access premium offerings. These are some examples of how Yoki Finance can utilize recurring crypto payments to streamline transactions and enhance customer satisfaction.
Yoki Finance is a Web3 Subscription Payments protocol. Yoki is automating Web3 recurring payments, combining the benefits of the subscription economy with the advantages of blockchain and self-custody.
Learn about Yoki Finance: Website | Store | Twitter | YouTube | Telegram | Docs
Contact: Konstantin Shirokov, Co-Founder of Yoki Finance
Blockchain Founders Group is the driving force behind web3 innovation. As a company builder, we bring together a team of blockchain visionaries, experienced entrepreneurs, and industry experts, all committed to nurturing emerging talent. Our BFG acceleration programs serve as a springboard for launching blockchain startups, where selected projects will be financially supported and given access to our extensive network. Join us in shaping the future of web3!
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Contact: Max Zheng, Director of Investments, max.zheng@blockchain-founders.io