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Bots: 'Financial security for 2 billion people'

Some of us will have been cautiously stressed because of the sharp drop in several crypto currencies. But whether the value will skyrocket again soon? No one knows the answer. Perhaps a tweet from Tesla boss Elon Musk will change this again. In this week's The Only Way Is Up, MASTERS puts the startup 'BOTS by RevenYou on stage, an app that uses automated trading strategies so you can invest in cryptocurrency quickly and even without knowledge.Text: Patrick Stoffer
Image: BOTS by RevenYouYou can hardly ignore it anymore: trading cryptocurrency. It's the talk of the town at the coffee machine, lunch and coronaproof drinks with friends. A true hype has been born and many parties are playing on this quite skilfully. BOTS is one of them. The tech company has developed an app that makes it possible for anyone to invest from just a few tens of dollars. Previously, automated trading strategies were only accessible to the richest 3% of the world, until now. MASTERS spoke to CCO/Founder of BOTS: Colin Groos.

Started from the bottom and now we're...

''We started in 2018 and are now almost in the scale up phase with sales close to break even. We are also making rapid growth abroad. For example, we now operate in 17 countries and have more than 50 employees. The app is currently downloaded by 330,000 people and 150 bots are ready here.''

Best tip you've had?

''Indecision is the worst thing in the world. It's better to follow through than to wait and see, even if you go the wrong way at first. Just do it!''

Why do you think BOTS is so successful?

"Also, we have a great product. It's great to give people access to high returns. This in turn allows them to spend more time and energy on more important things than money, such as paying attention to fellow human beings and the world. However, just having a great product won't get you there. Because we can think big, are experienced entrepreneurs, have a great team and fantastic shareholders, we are able to build this and roll it out to other countries and continents. You can't build a company like this alone, people and network are everything!"Photo: BOTS

What company/service would you have liked to think of yourself?

''The company as we have set it up now is the finest form of creativity, but other great companies that are doing well I think are Apple, Tesla and Pal V.

What would you do with 1 million?

''Investing in the growth of BOTS. We are well into our round to raise €10 million. That amount will go toward marketing, expanding the organization and legal matters.''

What are you worth?

''We are currently valued at €100 million.''

Where do you see yourselves in 5 years?

''Our goal for BOTS is to provide financial security to 2 billion people worldwide by 2028. I like to see myself in 5 years as an inspiring entrepreneur who can empower others to achieve beautiful and great things in their lives.''

Also the BOTS app? Download it here.

The Only Way Is Up

The Only Way Is Up is a column of MASTERS in which startup pioneers get a stage each week. In this column, they introduce the world to their great idea, success and future. Be inspired! Also curious to see how startups Felyx, Somnox, BridgeFund, Neurolytics, FIGO Mobility, Finnik, Parfumado, Shypple and BASH take the stage? Check it out!

Also want to secure a spot on this exclusive stage? Please email then email Patrick Stoffer (patrick@mastershq.nl) for the possibilities.

*Startup: a company no more than five years old focused on rapid growth with an innovative idea: young, ambitious and innovative.

Photo: BOTS