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MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Payments
clinkle.com

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Stage

Dead | Dead

Total Raised

$30.5M

About Clinkle

Clinkle is a mobile payment solution which attempts to integrate a consumer-facing mobile wallet with a merchant-facing system which required little change from their existing infrastructure.

Clinkle Headquarter Location

303 2nd Street Suite 400

San Francisco, California, 94107,

United States

650-396-7113

Latest Clinkle News

The founder of notorious failed startup Clinkle is reportedly coming back with a blockchain project

Jun 23, 2018

The founder of notorious failed startup Clinkle is reportedly coming back with a blockchain project By source Lucas Duplan, the founder of infamous failed startup Clinkle, is involved in a blockchain company. According to a new report from Wired, the entrepreneur invested in and is linked to Universal Recognition Token. His old startup, Clinkle, raised tens of millions from investors before totally imploding in what’s now considered a Silicon Valley cautionary tale. Clinkle is a cautionary tale in Silicon Valley – a failed startup that raised tens of millions of dollars before crashing and burning spectacularly and publicly. Now, its founder is reportedly planning a return to tech. According to a report from Wired’s Erin Griffith , Lucas Duplan is involved in a new cryptocurrency company. The former CEO is apparently now building a venture capital investment fund, and has invested in a blockchain startup. It’s called Universal Recognition Token , and describes itself as a “blockchain-based corporate rewards marketplace where employees may auction their gifts, rewards and prizes to the general public.” Duplan isn’t listed on the company’s website as part of the team, but according to anonymous sources who spoke to Wired, he has previously called himself the founder, CEO (a role now apparently filled by another exec), or CIO. However, he told Wired that while he’s “involved” with the company, he didn’t create it and “is not employed by the company and is not involved in day-to-day operations.” Duplan did not respond to Business Insider’s request for comment. His LinkedIn profile makes no reference to the reported venture capital fund or Universal Recognition Token. Instead, he’s just listed as the founder of corporate perks system Treats, which is said to be a rebranded version of Clinkle . During the heydey of Clinkle, it raised $30 million before ever launching a product. The idea was that it was a cutting-edge peer-to-peer payments system that would be easier to use than Venmo or apps like it. When it finally debuted in 2014, though, flashy marketing stunts like a vending machine full of money didn’t sufficiently set it apart, and it almost went completely bust in 2015 before pivoting to its current form. TAGS

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Expert Collections containing Clinkle

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Clinkle is included in 1 Expert Collection, including Fintech.

F

Fintech

7,256 items

US-based companies

Clinkle Patents

Clinkle has filed 8 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/13/2013

5/24/2016

Grant

Application Date

3/13/2013

Grant Date

5/24/2016

Title

Related Topics

Status

Grant

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