Cringle 2 | Updates

By Joschka Friedag

How Companists make Cringle stronger

Public
Public

Dear Companists,

Let's take a quick look at our campaign that has been successfully running  — now more than 300 Companists support Cringle and have invested over €180,000.

Our campaign has now been running for almost a month and we would like to take this opportunity to give you an insight into our user data.

 

Stronger network effect — thanks to you

With Cringle, I can send money to all my friends without them needing to be signed up on the site. Nevertheless, the spread of the app within a circle of friends is extremely important. The more friends that are active on Cringle, the more people will come into contact with it.

Since the launch of our campaign, we have seen a sharp increase in invitations from friends.

In the first week, the number of invitations that were sent out rose by 12%. In the second week this increased by 13%. And in the third week again we saw an amazing growth of 35%!

 

Cringle - Sent invitations per week

 

The transaction volume is increasing rapidly

As you know, transaction volume is one of the most important performance indicators that we have. It shows just how intensively our faithful Cringlers use our app.

At the start of our campaign, the transaction volume increased by 35%!

If we tie this to the increase in the invitations, it suggests that the network effect has firmly taken hold. Evidently, many of the friends that were invited to join have signed up to Cringle and have started sending money themselves.

 

Cringle - Network effect

 

In this update, I wanted to present you with some data. I also really wanted to share the positive effect that you Companists are having on Cringle.

With your support, we are turning Cringle into the standard means of making P2P payments in Europe!

 

How can you continue to support us?

  1. Send a lucky penny to all of your friends that you meet up with regularly!
    This is how you spread the word about Cringle and turn Cringle into a talking point
  2. Pay your friends back using Cringle only.
    Remember, Cringle allows you to receive money without needing to sing up, so no excuses
  3. Review Cringle in the AppStore!
    Reviews are enormously important for people to decide which app they are going to download

 

Thank you and best regards from the entire Cringle Team!



Comments

Note

Investments in startups and growth companies offer great opportunities, but they are risk investments. In the worst case, the entire investment amount may be lost. Consequently, investments in startups or growth companies are unsuitable for retirement plans. However, there is no obligation to make further contributions. Investors can minimize their risk by diversifying the amount they invest in startups and growth companies and not investing the entire amount in one startup or growth company. Professional investors often follow this strategy because it causes the risk to be distributed among several investments. In this way, successful investments can balance other less successful investments.

The shares of the investors on Companisto are subordinated profit-participating loans (partiarische Nachrangdarlehen). Such loans are shares in a business with similar characteristics as equity. If the company becomes insolvent or is liquidated, the claims of the investors (Companists) – just like those of all other shareholders of the company – will be satisfied from the assets in the insolvency or the assets in liquidation only after the claims of all other external creditors have been satisfied. Thus, Companists are treated like any other shareholder of the company during insolvency or liquidation proceedings.

The company information published on the Companisto website is provided solely by the companies. The projections made by the companies do not guarantee successful development of the company in the future. Consequently, investments in startups and growth companies are suitable only for those investors who can cope with the risk of a total loss of the capital invested. Investors make their own independent investment decisions and bear all risks themselves.

The investments are provided and issued by the individual companies. Companisto is neither the provider nor the issuer of the investments, but solely the internet service platform.

€ 464,300

Invested

693

Investors

9.09 %

Share Offered

Please note
The acquisition of the offered securities and investments is associated with considerable risks and can lead to the complete loss of the invested assets. The expected yield is not guaranteed and may be lower. Whether it is a security or an asset investment can be seen in the description of the investment opportunity.
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+49(0)30 - 346 491 493

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