Company Performance Metrics
- Daniel Dahlström: Chief Executive OfficerPast Role: ByggAppen Sverige, Founder - Head of Customer Success
- Peter Börjeson: Head of Partner Relations
Current Landscape We're living in an era where financial systems are unstable, personal data is exploited, and AI advancements are eroding trust in digital interactions.
Problem Ordinary people bear the brunt of these issues: - They shoulder the financial burden when banking systems fail. - They unknowingly surrender personal data, unaware of
the severe implications such as mental health issues and election manipulation. - They fall victim to AI-driven 'deep fake' scams, and with AI's rapid progress, distinguishing between AI and humans will soon be impossible.
Solution Web3 - an open, equitable web owned by everyone and controlled by no one, just as Tim Berners-Lee envisioned. Currently, tens of thousands of Web3 projects aim to address challenges from fair trade in the coffee industry to financial inclusion for the 1.4 billion unbanked people worldwide.
Challenge Web3 builders and brands all face a common issue: monetizing beyond the niche crypto community.
Our Approach Punch is a payment infrastructure for Web3, providing builders with the necessary tools to manage payments and payouts, from wallet and identity to checkout. Our solution integrates the concept of decentralized identities, ensuring that users can manage their identity and personal data while making Web3 payments. This is a critical feature, making Web3 payments not just possible, but practical and secure.
Unique Selling Proposition Unlike traditional providers who can't interact with the blockchain, and blockchain solutions that only manage 1:1 transactions, we bridge the gap between banks and blockchains. Our wallet functions as both a bank account and an Ethereum account, enabling the use of regular money on-chain and in smart contracts without the need for crypto or stablecoins.