Full information about startup Velu on Unicorns Club

14 h

53 m

07 s

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14 h

53 m

07 s

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Velu

Velu is a powerful global payments plat for small and medium-sized businesses, helping them simplify global transactions through fast, secure, and cost-effective cross-border payments and collections

Spotlight

Velu is a founder-backed startup, actively fundraising to reach its next milestone

The startup is in the validation stage, testing its core assumptions

Current funding round

Round is open

Stage

Seed

Pre-money valuation

Limited Access

Investor equity

Limited Access

Revenue in the last 12 months

Limited Access

Valuation in 4 years

Limited Access

Growth Forecast

Limited access

This data is under wraps

team Readiness Level

6/9

Diverse, committed team with business-tech expertise.

Our team combines strong technical and business expertise, ensuring all essential skills for Velu’s near-term goals are in place. Every member is deeply committed, accountable, and aligned with our mission. We’ve minimized dependency on any single person, creating a resilient structure with clear roles and shared responsibility. We’re actively engaging advisors and board members to add strategic value, and our recruitment efforts have strengthened our capabilities. With a keen awareness of potential team dynamics, we prioritize collaboration and alignment, building a foundation designed for sustainable growth and high performance.

Team Background

Background:

Not applicable

Meet the Team

Co-Founder

Yuval K

CEO (Chief Executive Officer)

10 years of experience

Seasoned fintech executive with expertise in product innovation, scaling startups, and navigating global markets. Led teams to launch innovative solutions transforming cross-border payments.

Co-Founder

Niv S

COO (Chief Operating Officer)

8 years of experience

Operations expert with 8+ years in fintech and cybersecurity. Proven leader in optimizing processes, elevating customer support, and driving operational excellence for fast-growing global companies.

Co-Founder

Itai K

CTO (Chief Technology Officer)

7 years of experience

Accomplished software engineer and tech leader specializing in fintech. Proven track record in developing high-performance, user-centric platforms and leading teams to deliver cutting-edge solutions.

Co-Founder

Yuval K

CEO (Chief Executive Officer)

10 years of experience

Seasoned fintech executive with expertise in product innovation, scaling startups, and navigating global markets. Led teams to launch innovative solutions transforming cross-border payments.

Co-Founder

Niv S

COO (Chief Operating Officer)

8 years of experience

Operations expert with 8+ years in fintech and cybersecurity. Proven leader in optimizing processes, elevating customer support, and driving operational excellence for fast-growing global companies.

Co-Founder

Itai K

CTO (Chief Technology Officer)

7 years of experience

Accomplished software engineer and tech leader specializing in fintech. Proven track record in developing high-performance, user-centric platforms and leading teams to deliver cutting-edge solutions.

Key metrics & Growth Rate

Revenue

Paid users

All users

Limited access

This data is under wraps

ABOUT

Velu is a powerful global payments plat for small and medium-sized businesses, helping them simplify global transactions through fast, secure, and cost-effective cross-border payments and collections

Velu is transforming B2B payments by empowering SMEs with fast, low-cost, multi-currency transactions that level the playing field globally. We cut transaction times from days to minutes, expand international reach, and ensure transparent pricing, all while prioritizing bank-grade security and seamless integration. Velu equips SMEs to compete globally, enabling access to streamlined cross-border payments that were previously inaccessible.

Details

Industries

Finance / FinTech

B2B SaaS

Artificial Intelligence

E-commerce / Retail

Start date

30 Sep 2024

Company location

Israel

Country where most of the founders are currently located

Israel

Website

velu.io

STARTUP READINESS LEVEL

6/9

Validating Product / Market

With deep fintech expertise and thorough market analysis, we’re refining our MVP to align with SME needs, validating our product-market fit. Velu has quantified market size (TAM, SAM, SOM) and conducted a full competitor analysis. Our strategies and financial projections are primed for launch, positioning us to enter the market with confidence.

Business models

How we make money

Limited Access

Opportunities

B2B (Business-to-Business)

Freemium Model

Affiliate Marketing

E-commerce

Real Estate Investment

Software as a Service (SaaS)

Subscription Model

business Readiness Level

6/9

Customer-verified full business model with test sales.

1. Velu's complete business model, including SaaS and pricing, has been validated in similar market conditions, showing customer willingness to pay.

2. Revenue projections and pricing have been refined based on insights from real-world testing.

3. Detailed 1-3 year financial projections on revenue and costs are in place, grounded in market data and established customer behavior.

Marketing

Marketing strategy

Limited Access

Channels

Limited Access

IP Protection Readiness Level

2/9

Identified and clarified ownership of various IPRs.

1. We have mapped potential IPR areas, identifying elements such as unique algorithms and workflows that could benefit from protection as Velu develops.

2. Initial ideas for patents exist, and though they are still in early stages, we’re exploring how to best secure proprietary aspects.

3. Ownership of intellectual property is clearly defined, with agreements in place to verify control.

4. We maintain awareness of IP policies, have clarified potential inventors, and are preparing for future protection as needed.

5. Our approach includes reviewing patent options to strategically safeguard Velu’s innovations as we progress.

customer Readiness Level

5/9

Secured product interest and customer relationships.

1. SMEs have shown strong interest, and Velu’s core features have been validated to solve critical pain points in global payments, confirming an initial problem-solution fit.

2. Industry connections have deepened our understanding of market demands, allowing us to refine the product in line with real customer insights.

3. We’ve engaged potential customers and partners, who continue to provide valuable feedback for product development.

4. Clear target segments are defined, focusing on SMEs needing secure, low-cost, and efficient cross-border payment solutions as our initial market entry.

Customers geography

followed by:

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5 key updates

Last updated: 30 October 2024

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to 350 Sparks

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to 350 Sparks

Velu

Spotlight

Velu is a founder-backed startup, actively fundraising to reach its next milestone

The startup is in the validation stage, testing its core assumptions

Current funding round

Stage

Pre-money valuation

Investor equity

Revenue in the last 12 months

Valuation in 4 years

Growth Forecast

team Readiness Level

6/9

Diverse, committed team with business-tech expertise.

Team Background

Background:

Meet the Team

Yuval K

Niv S

Itai K

Yuval K

Niv S

Itai K

Key metrics & Growth Rate

Revenue

Paid users

All users

ABOUT

Details

Industries

Start date

Company location

Country where most of the founders are currently located

Website

STARTUP READINESS LEVEL

6/9

Validating Product / Market

Business models

How we make money

Opportunities

business Readiness Level

6/9

Customer-verified full business model with test sales.

Marketing

Marketing strategy

Channels

IP Protection Readiness Level

2/9

Identified and clarified ownership of various IPRs.

customer Readiness Level

5/9

Secured product interest and customer relationships.

Customers geography

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to

Now's your moment: join as a startup or investor and get a welcome bonus — earn up to