GetGems

Company Overview

Snapshot

Founded in January 2014 by Daniel Peled, GetGems operated with 1–10 employees. The company raised $400K across one funding round, with Magma Venture Partners participating. In December 2017, GetGems ceased to operate.

Business overview

GetGems developed a free mobile application for iOS and Android that combined instant messaging with cryptocurrency functionality, aiming to simplify Bitcoin adoption. The platform offered features similar to WhatsApp/Telegram, integrating a protected digital wallet for each user. It enabled users to send Bitcoin and Gems via text messages, positioning itself as a social network based on an attention economy where value transfer was facilitated by blockchain technology. GetGems operated within the Fintech & Insurtech sector, specifically focusing on Money Transfer & Management, and targeted consumers with its mobile platform.

Strategic signal

In December 2015, GetGems' sister company, PayKey, won a startup competition at the Mobile Monetization Summit. This event highlighted the broader ecosystem and innovative capabilities within the group, signaling a recognition of their approach to mobile financial technology and potential for market impact.

Company Intelligence Q&A

What is GetGems' primary business?

GetGems developed a mobile application for instant messaging that integrated cryptocurrency features, allowing users to send Bitcoin and Gems via text messages and aiming to simplify Bitcoin adoption for consumers.

When was GetGems founded?

GetGems was founded in January 2014.

Who founded GetGems?

GetGems was founded by Daniel Peled.

What was the total capital raised by GetGems?

GetGems raised a total of $400K across one funding round.

What is the operational status of GetGems?

GetGems is non-active, having ceased to operate in December 2017.