Bundil, the Shark Tank Season 10 app that rounded up spare change for cryptocurrency investments, failed to close its deal with Kevin O’Leary and has since shut down, but founder Dmitri Love has launched a new AI-powered banking app for couples called Peas.
In 2018, Shark Tank Season 10 introduced Bundil, an app that automated cryptocurrency investing by rounding up everyday purchases to the nearest dollar and investing the spare change. Founded by Dmitri Love, Bundil supported Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, targeting beginners seeking low-risk crypto exposure. The concept tapped into the micro-investing trend popularized by apps like Acorns, but with a crypto twist.
On the show, Love sought $100,000 for a 10% stake, but Kevin O’Leary countered with $100,000 for 50%, which Love accepted. However, the deal never closed post-show due to due diligence concerns about market competition and cryptocurrency volatility. Other Sharks, including Mark Cuban, questioned Bundil’s differentiation in a crowded fintech space and the risks of crypto targeting. This pattern of aired deals unraveling is common in Shark Tank history, where handshakes require rigorous validation.
Without the Sharks’ capital, Bundil charged users a $3 monthly fee but struggled to scale. The 2018-2019 crypto downturn further dampened investor and user interest. By 2023, the app vanished from app stores, and its social media went silent. The shutdown highlights fintech’s brutality: even TV exposure cannot offset issues like high competition, regulatory uncertainty, and unsustainable unit economics in spare-change models.
Love pivoted quickly, co-founding Peas Technology in 2024 with Max Stiling. Peas is an AI-powered banking app for couples, focusing on shared budgeting, savings, and bill payment. It operates on iOS with a 5-star rating from early reviews, representing a shift from speculative crypto to practical financial management—a move aligning with stable fintech demands.
Bundil’s fate echoes other Shark Tank fintech misfires. The CATE app from Season 4, designed for infidelity, also lost its deal after the show AOL. Similarly, Spare, a mobile ATM app from Season 10, saw its agreement collapse AOL. These cases underscore that Shark Tank offers visibility but no guaranteed success; post-show due diligence and market fit are decisive.
For users, Bundil warns of apps leveraging hype—especially in volatile sectors like cryptocurrency. Scrutinize fees, investment transparency, and regulatory compliance. For developers, it stresses the need for clear differentiation and resilient business models beyond TV buzz. The fintech landscape rewards innovation but punishes naivety about competition and risk.
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