Forward-thinking businesses have been embracing .xyz domains and upgrading to domain names that signal innovation and expansion. The parent company of popular services such as Cash App and Square credit card reader rebranded to Block.xyz to indicate their growth. Investment firm Dragonfly upgraded to Dragonfly.xyz to signal a global presence and deep technical expertise. Collectible trading card platform Alt upgraded to Alt.xyz as they expanded their alternative assets platform to include options for buying, selling, storing, and borrowing against valuable trading cards. In this week’s #WebsiteWednesday, we’ll introduce you to a newly rebranded financial technology company with a focus on expanded banking services: Capital.xyz.
Capital.xyz is the online home of newly named fintech company Capital (previously Party Round). Before rebranding to the more memorable Capital.xyz, Party Round provided solutions for founders, with a focus on an automated fundraising tool. CEO Jordi Hays explained in the press that their rebrand was tied to the company’s expanding vision to support other startups. Party Round reflected a product for fundraising and bringing together investors, but it limited the vision he and co-founder Sarah Chase had for the company. Capital.xyz’s expanded platform will still help startups raise money, but will offer additional features that allow those startups to use their capital immediately.1 As stated simply on their Twitter bio, Capital.xyz aims to help you “raise, hold, spend, and send funds – all in one place.”
The new platform offers benefits for startups as well as investors. Companies can sign up for an account on Capital.xyz to begin fundraising. Capital.xyz can issue a virtual Visa debit card once the companies begin raising capital so they can start using the funds they just received. Startups can also connect the Capital.xyz app to other fintech services like HR platform Gusto. This can help companies to raise money directly through Capital.xyz and then hold, spend, and send cash through it. Potential investors are able to do some angel investing in early-stage companies within Capital.xyz’s network and track that investment. The platform also added an NFT associated with the funding round. Investors can choose whether they wish to display the NFT on Twitter as evidence of their investment. Capital.xyz provides a full set of resources for founders and investors on their Support page, including how to start a fundraising round and how to invest using wire transfer.
We are always happy to have growing, innovative businesses like Capital.xyz in the .xyz community of forward-thinkers, and we look forward to seeing their continued growth. You can learn more by following them on Twitter and LinkedIn, and by visiting Capital.xyz.
XYZ is proud to share about the many incredible members that make up the XYZ community! We encourage you to do your own research before using the products and services of the websites we feature. The information about products and services contained in this blog post does not constitute endorsement or recommendation by XYZ.