Malaysia-based HelloGold has reportedly picked up an undisclosed Series A funding round, which makes the company valuation $12m.
The investment saw a commitment from Malaysian fund Dani Sdn, and among the other undisclosed investors, according to an article by Bitcoinagile.
Founded in 2015, the company is a Shariah compliant gold digital platform which aims to give everyone access to physical gold products. Through the platform, which is free to register for, users can buy 99.9 per cent investment grade gold from a minimum price of RM 1.
With this funding the company hopes to expand its operations to Thailand and China, next year, the article said. The platform takes between six months to a year to launch in a new country and an additional two years to stabilise, the report states.
The company is also planning to expand its customer levels to 10 million and to do this it has partnered with Aeon Credit Services Berhard, it’s reported.
The company is currently looking to raise $9.6m in its ICO to help fund its ambition for global financial inclusion. The company has currently pulled in up to 7,500 ETH from strategic supporters and 5683 Eth in its sale so far.
Copyright © 2017 FinTech Global
