Kronos · Pre-seed deck
Your money.
Your money.
Your rules.
The bank that doesn't freeze your account, hold your funds, or hate your crypto. And quietly puts $8,000–12,000 a year back in your pocket.
Pre-seed·
$1.5M·
SAFE @ $10M post-money cap·
984,000 on the waitlist
Tax · April
Set aside this month
+$487.20
+22% of $2,214 in deposits
YTD set-aside$1,842.60
Q1 reminderApr 15
Schedule C draftReady
Annual benefit
$8,000–12,000
02 — Problem
Banking is broken
Banking is broken
for 73 million Americans.
Chime freezes accounts. Cash App caps transfers. Revolut puts you "in review" the day you need money. And every neobank treats crypto like it doesn't exist — separate KYC, 1.5% spread, two-day withdrawals. Kronos has no transfer limits, no holds, no account freezes. Crypto is first-class.
50,000+
Wise account freezes in 2024 alone — funds locked for weeks while customers begged for support.
$189B
In fees, holds, and lost crypto access bled from 1099 workers every year.
36%
Of the US workforce now earns 1099 income. None of the big banks built a product for them.
03 — Solution
Kronos.
One bank that gets the way you actually earn.
-
01
No limits. No holds. No account freezes.The opposite of Chime, Cash App, and Revolut by design. ACH and P2P don't lock up because a deposit "looked unusual". You earned it, you keep it, you move it.
-
02
Crypto-first. 30+ assets. Non-custodial. Zero spread on Pro.Same KYC as the rest of the app. No second account, no 1.5% spread, no two-day withdrawals. HiFi licensed buy/sell rails · FDIC pass-through via Lead Bank · Plaid identity. Keys you actually own.
-
03
AI Trading Bot — all 7 strategies including Kronos Engine.Same leading-indicator strategy the founder ran $0 → $700K with at 16, now running automated inside the app. Black tier only.
-
04
Built for the way you actually earn.8 gig-platform deposit syncs, $1,000 0% APR advances, tax-set-aside, mileage tracking, Schedule C draft, trip-level profit.
04 — Product
Live in TestFlight today.
Twelve tools shipped end-to-end by a single founder, in four months. Not a deck of mockups. A real iOS bank.
Tax sub-account · 22% auto-set-aside
Per gig deposit · Schedule C drafted · quarterly reminders
1-tap mileage log · 2026 IRS rate
$0.67/mile captured in 5 sec · trip-level profit
Dead-sub finder
Detects forgotten subs · 1-tap to the cancel page · cashback on virtual card
All 12 tools live. Solo-built in four months.
Stack: HiFi licensed USD ↔ stablecoin rails · FDIC pass-through partner banks · Plaid KYC · Astra card payments · Mercury operations.
05 — Receipts
$8,000–12,000 a year, back in your pocket.
Twelve things your bank doesn't do. Every line is a real dollar outcome — net of the Pro subscription.
| Feature | What it does | Per year |
|---|---|---|
| Tax sub-account | Auto 22% set-aside per deposit | $1,800–2,400 |
| Mileage tracker | IRS deduction at $0.67/mile · 1-tap log | $1,400–2,200 |
| Schedule C draft | We do the work. You sign. | $400–800 |
| Income proof letter | 1-tap PDF for rent, loans | $300–600 |
| Cashback stack | 0.5% flat (Pro uncapped); 3% crypto on Black | $120–700 |
| SEP-IRA suggester | Calculated from gig income | $800–1,500 |
| Best-gig optimizer | Switches to highest-paying app | $1,200–1,800 |
| Trip-level profit | Net $/hr per payout | $600–900 |
| Subscription killer | Detects dead subs · 1-tap to cancel page | $300–500 |
| Crypto auto-DCA | A slice of each deposit into crypto | $200–400 |
| Income smoothing | Lumpy pay → steady weekly | $300–500 |
| Early-DD alerts | Push the moment Plaid sees pending DD | $120–240 |
| Total | Per user, per year. Net of Pro subscription. | $8,000–12,000 |
06 — Competitive
What other banks won't do.
| Feature | Kronos | Chime | Cash App | Revolut |
|---|---|---|---|---|
| No transfer limits · daily, weekly, or otherwise | ● | — | — | — |
| No holds on incoming deposits | ● | — | — | — |
| Account never frozen for "review" | ● | — | — | — |
| Crypto · 30+ assets · non-custodial · 0% spread on Pro | ● | — | — | — |
| Single KYC for banking + crypto (no second account) | ● | — | — | — |
| 3% crypto cashback on debit (Black) | ● | — | — | — |
| AI Trading Bot · 7 strategies incl. Kronos Engine | ● | — | — | — |
| Cash advances without credit check | ● | ● | ● | — |
| Auto tax set-aside · Schedule C draft · mileage | ● | — | — | — |
| 8 gig-platform deposit syncs | ● | — | — | — |
| Trip-by-trip profitability · multi-platform earnings | ● | — | — | — |
| Amex-style top tier (Black) — 41 perks at $59.99/mo | ● | — | — | — |
| Same-day human support | ● | ● | ● | ● |
| Built for 1099 income | ● | — | — | — |
They built a checking account. We built the thing 1099 workers actually need.
07 — Why now
Three things just changed.
2025
Regulation
SAB-121 repealed. US fintechs can finally do real, balance-sheet crypto without crippling capital charges.
150K+
Trust collapsed
50,000+ Wise freezes. 100,000+ Revolut. The trust premium incumbents charged for is gone.
36%
Audience emerged
Of the US workforce is now 1099. Nobody built a bank for them — until now.
08 — Traction
984,000
opt-ins · email-verified · attribution-tracked · standing-start
Robinhood pre-launch: 1M (months of work)
Chime MyPay: 1M (with 12M existing users)
Kronos: 984K (from a standing start)
AP News
Nasdaq
NBC
Fox
National Law Review
09 — Market
$189B paid in fees.
$189B paid in fees.
Every year.
The fee tax 1099 workers quietly pay to incumbents that weren't built for them.
TAM
$189B
Annual fees, holds, and lost crypto access bled from US 1099 workers across banking and payment rails.
SAM
73M
US 1099 workers — gig, freelance, contractor, creator. The audience already underserved by incumbents.
SOM
7.3M
10% capture inside 5 years. 0.05% of $189B is a $94M ARR line.
10 — GTM
Three phases. One funnel.
Phase 01
Months 1–3
Convert 300K from waitlist · ship card issuing · launch Pro tier.
Phase 02
Months 4–6
Launch Android · scale paid acquisition · referral flywheel live.
Phase 03
Months 7–12
International expansion — LATAM · UK · Canada.
$25 CAC
$14–22 ARPU
<2 mo payback
11 — Model
14 revenue streams,
14 revenue streams,
compressed.
32%
Pro subscription
$9.99–13.99/mo · tri-rail (App Store, web, winback) · 0% crypto spread, premium tools.
24%
Black subscription (NEW)
$59.99/mo or $599/yr or $1,599 lifetime · 41 Amex-style perks · target 10K members yr1 = $6M ARR alone.
18%
Card interchange
1.0–1.5% on every Rain debit card swipe · Free, Pro, Black all earn · primary neobank revenue line.
12%
USDG savings yield (NEW)
HiFi yield-share on user Savings pocket (USDG, Paxos-issued). User keeps 75% · Kronos keeps 25%. Scales with Savings AUM.
10%
Crypto rails
HiFi crypto buy/sell spread · USD ↔ stablecoin on/off-ramp · Astra card-funded deposits · gig stablecoin conversions.
4%
Pass-through & partner
Lounge passes · referral cash · partner credit, lending margin.
$22–48 blended ARPU (Black lifts the mix)
~72% gross margin
$33M ARR path · 5 years
12 — Team
Sultan Mogaji.
Sultan Mogaji.
Solo founder.
- 0119, UK citizen, US resident. In blockchain since age 11. Built Kronos solo in 6 weeks (iOS app, 50+ Supabase edge functions, every integration).
- 02Three exits before Kronos. Built and ran an automated crypto trading bot at age 16 — returned $700K in a year on technical analysis I wrote myself. Same strategy now runs as the "Kronos Engine" alpha bot inside Kronos Black.
- 03Built and sold a watch business. Built and sold a property venture. Operator across crypto, e-commerce, and real estate before banking.
- 04"I built this because no one should have to pay an inconvenience tax on their own bank just for the shot at being successful."
First hires post-funding (months 4–6): iOS / Android engineer · growth lead · compliance officer.
13 — The ask
$1.5M pre-seed
$1.5M pre-seed
SAFE · $10M cap · MFN.
Use of funds · 18 months
- 40%Engineering — Android, card issuing, infra$600K
- 30%Growth — paid + referral activation$450K
- 15%Compliance + sponsor-bank reserve$225K
- 10%First two hires + benefits$150K
- 5%Reserve / runway buffer$75K
Milestones · next 12 months
- Q3 2026Card issuing live · 100K activated
- Q4 2026Android shipped · 300K paying
- Q1 2027$50M ARR run-rate
- Q1 2027LATAM / UK / Canada launched
Same trajectory as Chime year 1. Different cohort, same arithmetic.
Banks broke trust.
We're the rebuild.
Sultan Mogaji · Founder · [email protected]
KronosPay LLC → KronosPay Inc. · Delaware C-Corp (in progress) · DUNS 144991867 · FinCEN MRX26-00003995