Jorge Rios outlines BridgeFi's prior funding history in response to questions from investor Cyan Bannister.
Assertion Not checkable as stated
Jorge Rios: BridgeFi is the only company making Signal Protocol work offline
“We are the only company in the world that has managed to make the Signal Protocol work offline.”
Assertion Supported
Rios: Bridgefy leads offline communications by millions of users with no active rivals
“And I cleared up that that competitor hasn't operated. They stopped existing in 2018, and this space is not crowded at all. We are the market leader by millions of users.”
Assertion Not checkable as stated
Rios: 180,000 Devices Connected Concurrently via BridgeFi Offline
“Our record is a 180,000 devices using our technology at the same place at the same time, without a single one needing access to the internet, without a single one, no exception, no small print.”
Prediction Not checkable as stated
Rios: BridgeFi Will Probably Hit $10M Revenue in One Year
“We are fundraising so that we can accelerate and scale our growth and meet this demand and probably get to ten million dollars in revenue by this time next year.”
Assertion Not publicly verifiable
Rios: Bridgefy secured a $6M, four-year contract with Istanbul
“And I think, Charles, you meant the six million dollar contract that I mentioned. So that's with the city of Istanbul in Turkey, and they're going to build a, an earthquake alerts app. This is a 1.5 million dollar Contract per year for the next four years.”
Disclosure
Rios: BridgeFi aims for native integration into Apple iOS and Android
“Right now we're working on the app level, and we license the technology to apps, individual apps, but Endgame, our vision is to partner up with either Android or Apple so that you literally get an iPhone out of the box and instantaneously are able to use it wi…”