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Sweatcoin

Virtual currency rewarding physical activity

Sweatcoin logo
101-200 employees
  • B2C
  • B2B
  • Lifestyle
  • Cryptocurrency
  • Enterprise
  • Fitness
  • Mental health
  • Wellbeing
London, UK

Company mission

To create a global, new-generation* currency generated by physical movement

Top investors

35% female employees

68% employee growth in 12 months

Our take

Sweatcoin aims to make everyone healthier and more active by incentivising exercise. Its app turns your daily steps into sweatcoins, a digital reward that you can spend to support a good cause or buy products and services.

Based on the belief that steps are valuable because they make people healthier and the planet greener, Sweatcoin aims to empower the human race to take more steps, kickstarting active lifestyles one step at a time.

The sweatcoins you gain from your steps can be used to buy goods, services, and experiences from shoes and yoga classes to iPhones and audiobooks. Sweatcoin aims to make sweatcoins a universally accepted payment method, getting their value from partner brands, governments, and insurers.

The British Journal of Sports Medicine found that Sweatcoin users have a sustained uplift of 20% in their step count over 6 months of use. Sweatcoin has teamed up with the NHS, and Digital Health London as well as establishing over 600 partnerships.

Freddie headshot

Freddie

Company Specialist at Welcome to the Jungle

Benefits

  • Remote-friendly & Flexible working hours
  • Dog-friendly office in The Ministry near Borough tube station & Free Gym access, classes, and free Ministry of Sound club tickets if you are joining us in London
  • Apple devices for work
  • Participation in the world-class conferences and Individual learning & development program
  • Stock options after 12 months of employment
  • Winter office in Lisbon. We spend up to 2 months in the sunniest city of Europe during winter with the coverage of accommodation, flights, visas, and insurance for you and your SO
  • Team buildings abroad in exciting locations, when borders are open, we will announce the next adventure!
  • Extended Health and Travel insurance
  • Extensive wellbeing support and services

Company values

  • Own the mission, build for the user
  • Think and act like a founder
  • Learn, share, develop, repeat
  • Be open: speak up and take time to listen
  • You are not alone

Funding (2 rounds)

Dec 2017

$4.6m

SEED

Mar 2016

$0.6m

ANGEL

Total funding: $5.2m

This company has top investors

Leadership

Oleg Fomenko

(Co-Founder)

They are an entrepreneur with experience in mobile, telecoms, and consumer goods. They are known for their ability to generate and polish a consumer business idea into an attractive proposition.

They are an investor in multiple companies: SmartUp.io, Entelo and RolePoint. They are the founding member of Talent Equity Ventures.

People progressing

Joined as the Head of Sweatcoin's global partnerships. They have been promoted to Head of Commercial Operations 2 years later.

Endorsements

All

Flexible working (4)

Intelligent people (3)

Inspiring mission (3)

Autonomy (2)

People of all backgrounds are welcomed (2)

Opportunities to learn (1)

Career progression (1)

Meaningful work (1)

Manageable workload (1)

Nice people (1)

Sweatcoin 1