Bundil Shark Tank Update: What Happens to Them?
Dmitri Love created Bundil to increase savings by making it easier to buy cryptocurrency using spare change from a user’s card purchases. After launching the app in 2017, Dmitri found it difficult to get customers. As a result, he decided to seek investment at Shark Tank to help popularize Bundil.
Bundil Shark Tank update? Since the Shark Tank pitch, Bundil has raised more capital via two funding rounds. The company has also released newer, updated versions of its application and expanded the list of banks compatible with the platform to more than 100.
Keep reading to learn more about Bundil’s story after Shark Tank, its net worth, sales, and whether it is profitable.
Bundil Shark Tank Profile
Here is the overview of Dmitri’s Bundil on Shark Tank in the table below.
| Company name | Bundil |
| Founder | Dmitri Love |
| Year founded | 2017 |
| Product | An app that enables its users to convert spare change from everyday transactions into an investment in cryptocurrency |
| Asked for | $100,000 for a 10% stake |
| Final investment deal | $100,000 for a 50% stake |
| Shark who invested | Kevin O’Leary |
| Bundil Shark Tank episode (US) | Season 10, Episode 3 |
| Air date | 21st October 2018 |
| Where on | Amazon Prime, Hulu, ABC |
| Business status | In business |
| Headquarters | Dallas, Texas |
| App downloads | More than 1,000 on the Google Play Store |
| Website | Visit Website |
| Watch On | Amazon Prime |
What Happened To Bundil After Shark Tank?
When Dmitri Love pitched Bundil on Shark Tank, it was a simple product that met the minimum requirements. Since then, the entrepreneur has developed fully functional software versions for both iOS and Android. Bundil also has a web version that can be accessed and used from any device.
The company has evolved and improved its application, with several iterations coming out over the years. For instance, in June 2021, Bundil launched version 4.0 of the app on both the Google Play Store and the App Store.
Though it hasn’t gone viral yet, Bundil has been downloaded more than 1,000 times on Google Play Store, with similar numbers on the AppStore. However, though the app has a fairly good rating of 4 out of 5 on the AppStore, it’s poorly rated on Google Play with a 2.6 out of a possible 5.
Since the appearance on Shark Tank, Bundil has expanded its list of compatible banks to include more than 100. This expansion allows users to easily link any major bank card to their account and enjoy the benefits of Bundil.
Since appearing on Shark Tank and securing Mr. Wonderful’s investment, Bundil has raised two more funding rounds. One was a venture round in March 2022, while the other was a pre-seed round in January 2023.
Bundil Net Worth
During the Shark Tank pitch, Dmitri asked for $100,000 for a 10% stake in Bundil, valuing the company at about $1 million. However, he accepted the money for a 50% stake, valuing Bundil at $200,000.
However, Bundil has grown and raised more capital, increasing its value. Hence, it is estimated that if you want to acquire Bundil today, you’ll have to pay a price equal to its total net worth of about $1.5 million.
Bundil Shark Tank Update – Social Media
A notable Bundil update is that the company has active pages on various social media platforms. Its Facebook page has over 350 likes, while its Instagram and Twitter have a combined following of over 3,000.
Bundil uses these pages to promote its services and educate people about using its platform.
Bundil Shark Tank Update – Partners
Bundil collaborates with two important partners that help the service run smoothly;
Wyre
This platform offers services that enable users to accept payments into their digital wallets and convert fiat currency into crypto and vice versa. Wyre also offers various features that support identity authentication for third-party businesses and other financial services.
Wyre plays a central role in Bundil’s operations since it is the engine that allows investments in crypto.
Plaid
Plaid is a fintech services company that acts as a bridge between financial services apps like Bundil and their users’ bank accounts and card providers. Bundil partners with Plaid to ensure smooth operations and the safety of its users’ financial information.
Bundil Sales Data
Though Bundil’s sales data is not readily available, the app has thousands of downloads on Google Play and the App Store. It is safe to assume that the service’s user base is increasing since they intend to hire more staff to manage operations.
Is Bundil Profitable Now?
Since Bundil’s data is not publicly available, it’s difficult to gauge whether the company is profitable. However, the company charges users about $3 per month or $24 per year for a subscription. Bundil has thousands of users, so we can conclude that it generates a respectable amount of revenue annually.
Wrapping Up
Bundil has evolved and grown after Dmitri’s pitch on Shark Tank, with new and better app versions available for download. The company’s valuation has also grown from $200,00 at the time of pitching to about $1.5 million today.
After its two recent funding rounds, Bundil looks set for a period of sustained growth. Hence, the company plans to expand its operations by hiring staff to fill several key positions in preparation for this exciting future.
