Everex raises $26m in ICO


Blockchain-based Everex has reportedly raised up $26m ICO to help build its microfinance and remittance offerings.

This round raised a total of 1,580 BTC and 49,477 ETH, according to an article by Coin Desk.

The platform offers microlending, remittances, merchant payments and currency exchange. Everex allows uses to top-up funds, borrow or buy any currency, pay vendors and service providers around the world, withdraw cash at ATMs, local currency exchanges and retailers, as well as sending money and payments anywhere in the world.

The EVX token will allow holders to increase their credit score, which is analysed by machine learning and personal data to score, and can also be used as collateral to give lower interest rates, among other perks.

Earlier this year the company raised a $500,000 seed investment from Holley Group, the article states.

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