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|citizenship = Egyptian
|citizenship = Egyptian
| alma_mater = [[Columbia University]]
| alma_mater = [[Columbia University]]
| known_for = Co-founder & CEO of 21.co
| residence = San Francisco, California, USA
| ethnicity =
| known_for = CEO of Payout, [[Ribbon (company)|Ribbon]]
| URL =
| URL =
| net_worth =
}}
}}
'''Hany Rashwan''' ({{lang-ar|هاني رشوان}}; born May 7, 1990) is an Egyptian businessman, [[entrepreneur]], and computer engineer. He is the founder of the social commerce company [[Ribbon (company)|Ribbon]] and enterprise fintech company Payout.
'''Hany Rashwan''' ({{langx|ar|هاني رشوان}}; born May 7, 1990) is an Egyptian businessman, [[entrepreneur]], and computer engineer. He is the founder of [[Cryptocurrency|crypto]] company 21.co, which is the parent company of 21Shares. He previously founded social commerce company [[Ribbon (company)|Ribbon]] and enterprise fintech company Payout.


==Early life and education==
==Early life and education==
Rashwan was born in [[Cairo]], [[Egypt]] and grew up in [[Alexandria]]. His grandfather, a career intelligence officer in the [[Military intelligence and reconnaissance (Egypt)|Egyptian army]] and an expert at cryptography and programming, bought Rashwan his first computer aged 11 and taught him basic programming. After moving to the United States for high school, he built two gaming sites aged 14, with one attracting 600,000 unique annual visitors and advertising revenue.<ref>[http://www.forbesmiddleeast.com/en/too-good-to-fail/ "Too Good to Fail"] Forbes</ref>
Rashwan was born in [[Cairo]], [[Egypt]] and grew up in [[Alexandria]]. His grandfather, a career intelligence officer in the [[Military intelligence and reconnaissance (Egypt)|Egyptian army]] and an expert at cryptography and programming, bought Rashwan his first computer aged 11 and taught him basic programming. After moving to the United States for high school, he built two gaming sites aged 14, with one attracting 600,000 unique annual visitors and advertising revenue.<ref>[http://www.forbesmiddleeast.com/en/too-good-to-fail/ "Too Good to Fail"] Forbes</ref>


He attended [[Ohio State University]] to study economics and computer science, before transferring to [[Columbia University]]. In 2017, he was named to the 2017 Forbes 30 Under 30 list in the Enterprise Technology category for his work on Payout.<ref>https://www.forbes.com/profile/hany-rashwan/</ref><ref>[http://en.aswatmasriya.com/news/details/18271] "Egypt’s Hany Rashwan featured in Forbes’ ‘30 Under 30’ list" Aswat Masriya</ref><ref>[http://www.youm7.com/story/2017/1/8/%D9%87%D8%A7%D9%86%D9%89-%D8%B1%D8%B4%D9%88%D8%A7%D9%86-%D8%B4%D8%A7%D8%A8-%D9%85%D8%B5%D8%B1%D9%89-%D8%B6%D9%85%D9%86-%D9%82%D8%A7%D8%A6%D9%85%D8%A9-%D9%81%D9%88%D8%B1%D8%A8%D8%B3-%D8%AA%D8%AD%D8%AA-%D8%B3%D9%86-%D8%A7%D9%84%D9%8030/3046066 "هانى رشوان شاب مصرى ضمن قائمة "فوربس""]Youm7</ref>
He attended [[Ohio State University]] to study economics and computer science, before transferring to [[Columbia University]]. In 2017, he was named to the 2017 Forbes 30 Under 30 list in the Enterprise Technology category for his work on Payout.<ref>{{Cite web|url=https://www.forbes.com/profile/hany-rashwan/|title = Hany Rashwan|website = [[Forbes]]}}</ref><ref>[http://en.aswatmasriya.com/news/details/18271] "Egypt’s Hany Rashwan featured in Forbes’ ‘30 Under 30’ list" Aswat Masriya</ref><ref>[http://www.youm7.com/story/2017/1/8/%D9%87%D8%A7%D9%86%D9%89-%D8%B1%D8%B4%D9%88%D8%A7%D9%86-%D8%B4%D8%A7%D8%A8-%D9%85%D8%B5%D8%B1%D9%89-%D8%B6%D9%85%D9%86-%D9%82%D8%A7%D8%A6%D9%85%D8%A9-%D9%81%D9%88%D8%B1%D8%A8%D8%B3-%D8%AA%D8%AD%D8%AA-%D8%B3%D9%86-%D8%A7%D9%84%D9%8030/3046066 "هانى رشوان شاب مصرى ضمن قائمة "فوربس""] Youm7</ref>


==Companies==
==Companies==


===Kolena===
===Kolena===
While an undergraduate, Rashwan built Kolena (meaning "all of us" in Arabic), an online interactive town-hall using [[Facebook Connect]] that was used by tens of thousands of Egyptians during the [[Egyptian revolution of 2011|Egyptian revolution]].<ref>https://techwadi.org/profile/Hany-Rashwan/</ref> In an interview, Rashwan envisioned Kolena serving as “Egypt’s online interactive Town Hall Meeting…a place for people to go to submit and vote on ideas for change."<ref>[https://arabcrunch.com/crowd-sourced-reform-in-egypt-9a4e39bcb824#.z999xvvvr "Crowd Sourced Reform in Egypt"]ArabCrunch</ref>
While an undergraduate, Rashwan built Kolena (meaning "all of us" in Arabic), an online interactive town-hall using [[Facebook Connect]] that was used by tens of thousands of Egyptians during the [[Egyptian revolution of 2011|Egyptian revolution]].<ref>{{cite web |url=https://techwadi.org/profile/Hany-Rashwan/ |title=Hany Rashwan |website=techwadi.org |url-status=dead |archive-url=https://web.archive.org/web/20160508010014/https://techwadi.org/profile/Hany-Rashwan/ |archive-date=2016-05-08}}</ref> In an interview, Rashwan envisioned Kolena serving as “Egypt’s online interactive Town Hall Meeting…a place for people to go to submit and vote on ideas for change."<ref>[https://arabcrunch.com/crowd-sourced-reform-in-egypt-9a4e39bcb824#.z999xvvvr "Crowd Sourced Reform in Egypt"]{{dead link|date=December 2024|bot=medic}}{{cbignore|bot=medic}} ArabCrunch</ref>


===Ribbon===
===Ribbon===
{{Main article|Ribbon (company)}}
{{Main|Ribbon (company)}}
Ribbon was a payments [[Startup company|startup]] that let users sell online using a shortened URL that can be shared across email, social media and a seller's own website.<ref>[http://techcrunch.com/2013/04/10/payments-startup-ribbon-now-lets-you-buy-right-on-twitter-com-launches-youtube-support-price-matches-paypal/ "Payments Startup Ribbon Now Lets You Buy In-Stream On Twitter.com, Launches YouTube Support & Price-Matches PayPal"] TechCrunch.</ref> The service focuses on bring integrated checkouts directly to platforms like [[Facebook]], [[YouTube]], and [[Twitter]] letting buyers purchase without leaving those services. Ribbon has been featured in publications including [[Techcrunch]], [[Wall Street Journal]], [[Entrepreneur (magazine)|Entrepreneur]], The Next Web, and ArsTechnica.<ref>[https://techcrunch.com/2014/01/29/ribbon-takes-on-square-cash-paypal-others-with-a-peer-to-peer-payments-service-that-lets-you-send-money-for-free/ "Ribbon Takes on Square Cash, PayPal, Others" TechCrunch]</ref><ref>[http://allthingsd.com/20121120/micropayments-start-up-ribbon-aims-to-bring-selling-to-every-platform/ "Micropayments Startup Ribbon Aims to Bring Selling to Every Platform" WSJ AllThingsD]</ref><ref>[https://www.entrepreneur.com/article/226082 "New Service Aims to Simplify Ecommerce Payments" Entrepreneur Magazine]</ref><ref>[https://thenextweb.com/insider/2013/02/05/ribbon-raises-1-6-million-adds-facebook-in-stream-support-unveils-api "Ribbon Raises $1.6 million, adds Facebook in stream support, unveils API" TheNextWeb]</ref><ref>https://arstechnica.com/business/2014/03/startup-city-5-entrepreneurs-that-want-you-to-experience-the-world-better/2/</ref>
Ribbon was a payments [[Startup company|startup]] that let users sell online using a shortened URL that can be shared across email, social media and a seller's own website.<ref>[https://techcrunch.com/2013/04/10/payments-startup-ribbon-now-lets-you-buy-right-on-twitter-com-launches-youtube-support-price-matches-paypal/ "Payments Startup Ribbon Now Lets You Buy In-Stream On Twitter.com, Launches YouTube Support & Price-Matches PayPal"] TechCrunch.</ref> The service focuses on bringing integrated checkouts directly to platforms like [[Facebook]], [[YouTube]], and [[Twitter]] letting buyers purchase without leaving those services. Ribbon has been featured in publications including [[Techcrunch]], [[Wall Street Journal]], [[Entrepreneur (magazine)|Entrepreneur]], The Next Web, and ArsTechnica.<ref>[https://techcrunch.com/2014/01/29/ribbon-takes-on-square-cash-paypal-others-with-a-peer-to-peer-payments-service-that-lets-you-send-money-for-free/ "Ribbon Takes on Square Cash, PayPal, Others" TechCrunch]</ref><ref>[http://allthingsd.com/20121120/micropayments-start-up-ribbon-aims-to-bring-selling-to-every-platform/ "Micropayments Startup Ribbon Aims to Bring Selling to Every Platform" WSJ AllThingsD]</ref><ref>[https://www.entrepreneur.com/article/226082 "New Service Aims to Simplify Ecommerce Payments" Entrepreneur Magazine]</ref><ref>[https://thenextweb.com/insider/2013/02/05/ribbon-raises-1-6-million-adds-facebook-in-stream-support-unveils-api "Ribbon Raises $1.6 million, adds Facebook in stream support, unveils API" TheNextWeb]</ref><ref>{{Cite web|url=https://arstechnica.com/business/2014/03/startup-city-5-entrepreneurs-that-want-you-to-experience-the-world-better/2/|title=From buses to boxes, these 5 entrepreneurs want to change your experience|date=4 March 2014}}</ref>


After the company announced support for "in-stream" payments on Twitter, allowing buyers to purchase items without leaving the Twitter.com stream, [[Twitter]] shut down Ribbon's API access after approximately an hour and a half.<ref>[http://techcrunch.com/2013/04/10/well-that-was-fast-twitter-shut-down-ribbons-newly-launched-in-stream-payments-feature-built-using-twitter-card-technology/ "Well, That Was Fast: Twitter Already Shut Down Ribbon’s Newly Launched In-Stream Payments Feature"] TechCrunch.</ref>
After the company announced support for "in-stream" payments on Twitter, allowing buyers to purchase items without leaving the Twitter.com stream, [[Twitter]] shut down Ribbon's API access after approximately an hour and a half.<ref>[https://techcrunch.com/2013/04/10/well-that-was-fast-twitter-shut-down-ribbons-newly-launched-in-stream-payments-feature-built-using-twitter-card-technology/ "Well, That Was Fast: Twitter Already Shut Down Ribbon’s Newly Launched In-Stream Payments Feature"] TechCrunch.</ref>


===Payout===
===Payout===
Founded in late 2014, Payout provides online lenders with a payouts, disbursements and compliance API that is used by top online lenders such as [[LendUp]] and [[Prosper Marketplace|Prosper]]. Lenders are able to push money to consumers' credit cards in real-time. The company moved more than $50 million in loans by its second year. Payout went through the [[AngelPad]] accelerator and subsequently raised $4.75 million, led by [[Tim Draper]] of [[Draper Associates]].
Founded in late 2014, Payout provides online lenders with a payouts, disbursements and compliance API that is used by top online lenders such as [[LendUp]] and [[Prosper Marketplace|Prosper]]. Lenders are able to push money to consumers' credit cards in real-time. The company moved more than $50 million in loans by its second year. Payout went through the [[AngelPad]] accelerator and subsequently raised $4.75 million, led by [[Tim Draper]] of [[Draper Associates]].

===21.co===
Founded in 2018, 21.co (formerly Amun) aims to build bridges into the [[cryptocurrency]] world. Its subsidiary 21Shares AG launched the first physically-backed cryptocurrency [[Exchange-traded product]] (ETP) called HODL in November 2018 on the [[SIX Swiss Exchange]].<ref>[https://www.ft.com/content/217f71a5-34fe-39ff-9e2d-fd708074602a "Switzerland gives green light to first cryptocurrency ETP"] Financial Times.</ref> The company is today one of the largest issuers of crypto exchange-traded products.

In addition to 21Shares ETFs, 21.co also owns tokens platform Amun as well as its own proprietary platform Onyx, which is used to issue and operate crypto ETPs for the company and third parties.<ref>[https://www.s-ge.com/de/article/aktuell/20223-blockchain-crypto-unicorn-21co "CRYPTO VALLEY HAT MIT 21.CO GRÖSSTES KRYPTO-EINHORN DER SCHWEIZ"] Swiss Global Enterprise.</ref>

A $4 million seed round was raised in March 2019. Investors include [[Cathie Wood]] and [[Graham Tuckwell]].<ref>[https://techcrunch.com/2019/03/11/amun-raises-4m-to-give-stock-like-buying-options-for-crypto-investors/ "Amun raises $4M to give stock-like buying options for crypto investors"] TechCrunch.</ref><ref>[https://www.finews.com/news/english-news/35650-amun-hany-rashwan-crypto-investment-six-stock-exchange-listed-etp "Swiss Fintech Wins Prominent Backers"] Finews.</ref> In September 2022, the company announced a second round of $25 million raised at a $2 billion valuation, with company "on a nine-figure revenue run-rate [with] sustained inflows, even during down markets." The company announced recording $650 million in net new assets, with assets under management peaking in 2021 at $3 billion. <ref>[https://www.reuters.com/markets/currencies/crypto-firm-21co-raises-25-million-value-it-2-billion-2022-09-06/ "Crypto firm 21.co raises $25 million to value it at $2 billion"] Reuters.</ref><ref>[https://www.forbes.com/sites/rosemariemiller/2022/09/07/21co-swiss-crypto-etp-giant-with-cathie-wood-links-claims-2-billion-value-after-funding/ "Swiss Crypto ETP Giant With Cathie Wood Links, 21.co Claims $2 Billion Value After Funding"] Forbes.</ref>


==References==
==References==
{{reflist}}
{{reflist}}


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[[Category:Living people]]
[[Category:Living people]]
[[Category:1990 births]]
[[Category:1990 births]]
[[Category:American Internet company founders]]
[[Category:American Internet company founders]]
[[Category:Columbia University alumni]]
[[Category:Columbia University alumni]]
[[Category:People from Cairo]]
[[Category:Egyptian emigrants to the United States]]
[[Category:People of the Egyptian Revolution of 2011]]
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{{DEFAULTSORT:Rashwan, Hany}}

Latest revision as of 19:44, 22 December 2024

Hany Rashwan
هاني رشوان
Born (1990-05-07) May 7, 1990 (age 34)
Cairo, Egypt
CitizenshipEgyptian
Alma materColumbia University
Known forCo-founder & CEO of 21.co

Hany Rashwan (Arabic: هاني رشوان; born May 7, 1990) is an Egyptian businessman, entrepreneur, and computer engineer. He is the founder of crypto company 21.co, which is the parent company of 21Shares. He previously founded social commerce company Ribbon and enterprise fintech company Payout.

Early life and education

[edit]

Rashwan was born in Cairo, Egypt and grew up in Alexandria. His grandfather, a career intelligence officer in the Egyptian army and an expert at cryptography and programming, bought Rashwan his first computer aged 11 and taught him basic programming. After moving to the United States for high school, he built two gaming sites aged 14, with one attracting 600,000 unique annual visitors and advertising revenue.[1]

He attended Ohio State University to study economics and computer science, before transferring to Columbia University. In 2017, he was named to the 2017 Forbes 30 Under 30 list in the Enterprise Technology category for his work on Payout.[2][3][4]

Companies

[edit]

Kolena

[edit]

While an undergraduate, Rashwan built Kolena (meaning "all of us" in Arabic), an online interactive town-hall using Facebook Connect that was used by tens of thousands of Egyptians during the Egyptian revolution.[5] In an interview, Rashwan envisioned Kolena serving as “Egypt’s online interactive Town Hall Meeting…a place for people to go to submit and vote on ideas for change."[6]

Ribbon

[edit]
Main article: Ribbon (company)

Ribbon was a payments startup that let users sell online using a shortened URL that can be shared across email, social media and a seller's own website.[7] The service focuses on bringing integrated checkouts directly to platforms like Facebook, YouTube, and Twitter letting buyers purchase without leaving those services. Ribbon has been featured in publications including Techcrunch, Wall Street Journal, Entrepreneur, The Next Web, and ArsTechnica.[8][9][10][11][12]

After the company announced support for "in-stream" payments on Twitter, allowing buyers to purchase items without leaving the Twitter.com stream, Twitter shut down Ribbon's API access after approximately an hour and a half.[13]

Payout

[edit]

Founded in late 2014, Payout provides online lenders with a payouts, disbursements and compliance API that is used by top online lenders such as LendUp and Prosper. Lenders are able to push money to consumers' credit cards in real-time. The company moved more than $50 million in loans by its second year. Payout went through the AngelPad accelerator and subsequently raised $4.75 million, led by Tim Draper of Draper Associates.

21.co

[edit]

Founded in 2018, 21.co (formerly Amun) aims to build bridges into the cryptocurrency world. Its subsidiary 21Shares AG launched the first physically-backed cryptocurrency Exchange-traded product (ETP) called HODL in November 2018 on the SIX Swiss Exchange.[14] The company is today one of the largest issuers of crypto exchange-traded products.

In addition to 21Shares ETFs, 21.co also owns tokens platform Amun as well as its own proprietary platform Onyx, which is used to issue and operate crypto ETPs for the company and third parties.[15]

A $4 million seed round was raised in March 2019. Investors include Cathie Wood and Graham Tuckwell.[16][17] In September 2022, the company announced a second round of $25 million raised at a $2 billion valuation, with company "on a nine-figure revenue run-rate [with] sustained inflows, even during down markets." The company announced recording $650 million in net new assets, with assets under management peaking in 2021 at $3 billion. [18][19]

References

[edit]
  1. ^ "Too Good to Fail" Forbes
  2. ^ "Hany Rashwan". Forbes.
  3. ^ [1] "Egypt’s Hany Rashwan featured in Forbes’ ‘30 Under 30’ list" Aswat Masriya
  4. ^ "هانى رشوان شاب مصرى ضمن قائمة "فوربس"" Youm7
  5. ^ "Hany Rashwan". techwadi.org. Archived from the original on 2016-05-08.
  6. ^ "Crowd Sourced Reform in Egypt"[dead link‍] ArabCrunch
  7. ^ "Payments Startup Ribbon Now Lets You Buy In-Stream On Twitter.com, Launches YouTube Support & Price-Matches PayPal" TechCrunch.
  8. ^ "Ribbon Takes on Square Cash, PayPal, Others" TechCrunch
  9. ^ "Micropayments Startup Ribbon Aims to Bring Selling to Every Platform" WSJ AllThingsD
  10. ^ "New Service Aims to Simplify Ecommerce Payments" Entrepreneur Magazine
  11. ^ "Ribbon Raises $1.6 million, adds Facebook in stream support, unveils API" TheNextWeb
  12. ^ "From buses to boxes, these 5 entrepreneurs want to change your experience". 4 March 2014.
  13. ^ "Well, That Was Fast: Twitter Already Shut Down Ribbon’s Newly Launched In-Stream Payments Feature" TechCrunch.
  14. ^ "Switzerland gives green light to first cryptocurrency ETP" Financial Times.
  15. ^ "CRYPTO VALLEY HAT MIT 21.CO GRÖSSTES KRYPTO-EINHORN DER SCHWEIZ" Swiss Global Enterprise.
  16. ^ "Amun raises $4M to give stock-like buying options for crypto investors" TechCrunch.
  17. ^ "Swiss Fintech Wins Prominent Backers" Finews.
  18. ^ "Crypto firm 21.co raises $25 million to value it at $2 billion" Reuters.
  19. ^ "Swiss Crypto ETP Giant With Cathie Wood Links, 21.co Claims $2 Billion Value After Funding" Forbes.
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