# Balance

A wallet for all of the world’s currencies and tokens.

## Elevator pitch
We want to make it easy for everyone to use blockchains. Today, lots of people are really excited about crypto-currencies and blockchain apps, but very few people are using them on a daily basis. Balance will become a single place to see and exchange your banking & blockchain balances. We have already shipped an app that integrated with 15,000+ U.S. banks which was featured by Apple and has hundreds of paying customers. Now we want to add support for every digital currency exchange in the world.

- Canonical URL: https://wefunder.com/balance
- Entity ID: wefunder:company:15960
- Last updated: 2026-06-12T05:00:06Z
- Generated at: 2026-06-12T13:13:45Z

## Quick facts
- Launched for banks and blockchains.
- Featured on the Apple Mac App Store upon launch.
- Team from Stripe, Apple & Ethereum.
- Advisors from Sketch & Deep Mind.
- MacStories & LifeHacker coverage.

## Active fundraises
- wefunder:fundraise:13658: 506(c) successful (USD)
- wefunder:fundraise:11254: 4(a)(6) successful (USD)

## Team
- Richard Burton (Chief Executive Officer)
- Ben Baron (Chief Technology Officer)
- Christian Baroni (Chief Design Officer)
- Charlie Ellington (Finance, Marketing and Business Operations)
- Jin Chung (Freelance Developer)
- Red Davis (Freelance Developer)
- Christopher Downer (Advisor & Designer)
- Raimon Lapuente Ferran (Lead Engineer)
- Kristina Tauchmannova (Community Building )
- Trevor Phillippi (Freelance Designer)

## Q&A
- Q: Richard, What have you done with our money? We believed in you and your ideas. There is nothing ethical for the fact that you never gave your investors updates! Even now we have to search for the answers. Very disappointing. You have made me a much more cautious investor.
- Q: I am also looking for an update from Balance. The last update I've seen was in May, 2019, saying that the company was moving to San Francisco. I looked up Richard Burton on LinkedIn. It appears that he is in San Francisco, but it doesn't appear that he is any longer connected to Balance. As with the other inquiries, I would like to know what is going on with Balance. Are they even still in business? I contacted Wefunder and they told me to post a question here. They say that they try their best to maintain their relationships with issuers, but it may not last beyond the completion of the offering. It's a sad state of affairs.
- Q: It looks like he decided to close this and spend our money in sunny California. And he will try to screw other people later too.
- Q: Can't find any information or link for the so called return. Has anybody here actually been able to do this?
- Q: interesting: https://twitter.com/Balance_io/status/1623685182988378113?cxt=HHwWgoCz8cfEvogtAAAA
- Q: RE: Returning Capital to Balance Investors - I've checked my Wefunder account and I don't see an option to provide my wallet address to receive distributions.
- Q: According to twitter you would be doing a Q3 update Monday, it is now Tuesday. Not to mention its been 11 months since last update.
- Q: What is the most current update on the value of this company and my investment? Thank you
- Q: I contacted SEC.GOV and advise others to do the same regarding Richard Burton. If you look at the initial corporate officers listed and see what they have now as resumes, etc., you may believe as I do there has been malfeasance.
- Q: incredible that we haven’t heard a thing rom Burton or WeFunder as Balance has been shut down. No updates. Just pathetic he railed agonist all the CIO’s taking people’s money as he raised $1.3 million that is now gone and no company. Crazy! Lawsuit? 
- Q: The company is a scam. Richard Burton is a Chief Executive of BS!!!!!!!
- Q: Thanks for sharing! Some clarify on the below would be helpful: 1) Is Balance a wallet or something more? Specifically, iIs this trying to improve upon wallets like Jaxx, Exodus, etc that already integrate with exchanges like Shapeshift and allow you to exchange different coins? Furthermore, if you are going to allow multiple crypto-to-fiat conversions, how are you thinking about the topic of actually withdrawing the fiat currency? Presumably anything other than USD to a USD bank account, will require some large network of bank partners across countries, lots of regulatory discussions etc. 2) In examples listed above about building on top of protocols, could you elaborate. For example, "If an insurance blockchain takes off, how do you create your insurance contract?". Are you guys looking to actually build a way to more easily execute the insurance contract, or are you just allowing for the buying, selling and storage of tokens issued for that specific blockchain application?
- Q: Hi Balance team. I think what you want to do is great from the "it will fill a growing user base needs" point of view. However from the investor side, I don't get a clue about the valuation. What are your user base hypothesis ? How much revenue do you expect per customer ? It is feasible compared what competitors charge per customer? No idea about current company revenues but if you raise 1m today with a 60k monthly burn rate (which will increase as you plan to increase the payroll) it means the company will need more money in let's say one year. With what "business facts" do you plan to convince VC the company worth more than 10m (or any other amount anyway) ? I know these are hard to estimate stuff but I don't know other ways to figure a company valuation. Hope you will convince me, otherwise I might be a balance customer only. Best regards. Pascal
- Q: Hi there! Why are you not raising funds through an ICO? It seems like potentially the best way to raise awareness and directly reach your target customers. Also, can you describe how your vision for Balance is different than Status.im?
- Q: Please refund me per your X.com post