Crypto Wallets

Step into the crypto wallet industry—where digital innovation merges with secure transactions to empower funds control.

Securing the digital assets future

The crypto wallet industry is poised for success. The popularity of cryptocurrencies (as a method to pay and invest) is growing. Plus, more and more businesses are accepting cryptocurrencies as payment. And, of course, people need secure and trustworthy digital wallets to manage their assets.

Why it matters:

Why it matters: Social need sparkles investor enthusiasm that, in turn, leads to the emergence of numerous untapped opportunities for crypto wallet startups within this dynamic and flourishing industry:

  • Enhanced security features
  • User-friendly interfaces
  • Integration with DeFi and NFT platforms
  • Cross-chain functionality

Between the lines:

Jumping on the crypto wallet bandwagon is not as easy as it may seem. First, startups must handle obstacles like regulations and security issues. Second, they need to be agile enough to attract vital financial backing.

With vast experience helping crypto wallet startups, our Waveup expert team knows what makes companies succeed and shine for investors

$3B+
Secured in funds
600+
Ventures advanced
80+
Industries explored

What we do:

We assist in securing the necessary venture capital, creating persuasive and insightful crypto wallet pitch decks and solid business models, and pinpointing the most beneficial M&A opportunities.

Go deeper:

Look through our crypto wallet market research to discover the latest trends, key industry insights and challenges, and the cheat codes to attract investment.

7x growth
The crypto wallet market is set to soar sevenfold by 2032.

 

$84.02M
The volume of cryptocurrency purchases in 2022.

Powered by increasing digital currency adoption, enhanced security needs, and the growing interest in DeFi
$100B

Is the TVL in DeFi protocols in 2023.

3x increase

Businesses accepting cryptocurrencies as payment methods grew from 2,100 in 2021 to over 7,000 in 2023.

52%

Of crypto users prefer non-custodial wallets.

VENTURE LANDSCAPE

In 2022, the crypto wallet funding was over $210M

Key verticals:

  • Security solutions
  • User interface and experience
  • Cross-chain technologies
  • Defi integration

Leading crypto wallet venture capital firms

Write to us to know more

Crypto wallet startup challenges

Major obstacles founders need to overcome.

Regulatory uncertainty:

The regulatory landscape is not fully packed. And it means that crypto wallet startups may find it hard to operate confidently.

Why it matters

Founders may tangle in the regulatory jungles, leading to:

  • Legal risks
  • Compliance challenges
  • Investor uncertainty

What it takes:

  • Stay informed about the ongoing and emerging changes in regulations
  • Onboard or cooperate with legal experts
  • Engage with policymakers and advocate for clear and effective regulations
  • Be ready to adapt your business model

Building a strong community:

Want to protect your reputation and user funds, comply with all the regulations, ensure the long-term sustainability of your venture, and get a competitive edge? The answer is: prioritize security.

Why it matters

Inability to ensure relevant security measures may result in:

  • Financial losses
  • Reputational damage
  • Legal issues

What it takes:

  • Implement advanced security protocols, such as hardware security modules, multi-signature authentication, and regular security audits
  • Educate users about security: inform them about best practices for password management, how to avoid phishing, etc
  • Always monitor for possible vulnerabilities: it’s pivotal to address any security issue promptly

Outrunning rivals:

Most blockchain networks struggle to handle many transactions quickly and affordably. And it poses one of the major challenges for crypto wallet startups—how to scale efficiently.

Why it matters:

Blockchain network limits lead to:

  • Network congestion: slow transaction speeds and increased fees
  • Poor user experience: problems with customer attraction and retention
  • Reputational damage: slow and unreliable performance can damage startup credibility

What it takes:

  • Optimize network performance
  • Invest in scalable blockchain tech
  • Explore alternative blockchain solutions

Demonstrating profitability:

Fact number one: the cryptocurrency market is volatile. Fact number two: regulations are uncertain. That’s why many investors hesitate to plow money into crypto wallet startups.

Why it matters:

  • Limited growth opportunities: it’s hard to develop technology, expand user base, and scale business without proper funding
  • Reduced competitive edge: competing with fully funded companies may become an unbearable mission
  • Compromise on quality and security: insufficient funds make founders decrease spending on some essential areas

What it takes:

  • Build strong networks to pitch to the right investors
  • Ensure transparent operations to build investor trust
  • Comply with regulations to make startups more attractive for VCs
  • Demonstrate unique value to attract niche investors
  • Create a robust market entry plan and business model
  • Form strategic partnerships to provide funding and credibility

FAQs

How attractive is the industry to potential crypto investors?

The crypto wallet industry is quite interesting for investors because of growing cryptocurrency adoption, tech innovations, and expanding DeFi and NFT markets.

If you are a crypto wallet startup, how easy is it to raise funding today?

Attracting funds for crypto wallet startups may be rather challenging nowadays because of market volatility, regulatory uncertainty, and competition.

How long does it take to create a pitch deck and financial model for a crypto wallet startup?

We aim to wrap up documentation in two to three weeks on average, but in cases of high complexity or during busy periods, it might take us up to a month. That’s why it’s better to discuss the details individually.

What are the key mistakes crypto wallet startups make in their pitch decks?

Many crypto wallet pitch decks miss essential data to showcase a robust market potential and a clear answer to the ‘Why now?’ question. Another common mistake is the absence of a cohesive and persuasive investment story. Plus, not mentioning competitors doesn’t give the VCs a clear comprehension of how a startup is going to stand out.

How competitive is the crypto wallet market?

The crypto wallet market is highly competitive because of rapid tech advancements, a growing user base, and changing consumer preferences.

What services do you provide for investors looking to invest or already investing in crypto wallets?

We help crypto wallet venture capital firms conduct thorough due diligence on potential beverage projects to determine their investment viability. Plus, we offer full-fledged fundraising assistance to the portfolio companies of our partner funds.

Do you provide crypto wallet M&A support?

Yes, of course! Our experts help pinpoint the most beneficial M&A options, create compelling CIMs, and perform modeling for buy-side and sell-side deals.

Do you make intros to crypto wallet VCs?

Of course! We help link you up with the right venture capitalists in the crypto wallet industry. By assessing your project’s team setup, round size, and product, we’ll guide you in partnering with investors throughout the entire deal and beyond.

Do you have data or research available to purchase on the crypto wallet market?

Absolutely! Our analysts provide customized market intelligence on the crypto wallet market, including industry reports, competitive analysis, and market research, to set you up for success. We leverage reliable proprietary data sources to help you get a full grasp of the crypto wallet landscape, including things like the market’s size, diversity, and competition.

Which growth stage of companies have you worked with in the past?

Our team offers growth and fundraising help to crypto wallet startups at every stage of their growth journey, from the Pre-Seed stage all the way through to Series C and beyond.

Have a crypto wallet project in mind? We are here to help

From end-to-end fundraising support to M&A advisory and growth hacking, Waveup will help catapult your crypto wallet project to new heights. Leave your email, and let’s talk!

Have a project in mind?

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