Bankera passes $100m for its ICO, which is still live

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fintech insurtech wealthtech regtech ai cybertech esg news

Blockchain banking platform Bankera has passed the €100m mark for its ICO.

The token sale has seen more than 81,000 contributors and seen over 4 billion tokens sold. Capital from the ICO has already been used to hire 25 more members of staff in customer support, marketing, human resources, IT and business development.

Bankera’s token sale is still available, with the current price for a BNK token being €0.023. The ICO, which will close at the end of February, has a hard cap of $177m.

The company offers consumers with a digital bank built for blockchain’s adoption. The company is looking to incorporate, payment accounts that provides users with a personal IBAN, debit cards, interbank foreign exchange rates, and payment processing. The solution supports both fiat currencies and cryptocurrencies. Bankera also hopes to offer loans, deposits and investments.

Holders of the tokens will receive a weekly ‘referral commission’ which is a distribution of 20 per cent of Bankera and SpectroCoin net transaction revenue.

Following the close of the ICO, the company will look to launch the Bankera exchange, which will enable trade of major cryptocurrencies. Next year, the company is looking to receive a banking licence to enable loan and deposit services. Bankera also hopes to add low-cost investment opportunities and robo-advising.

Last year, Bankera closed its pre-ICO on $25m from the sale of 2.5 billion tokens at a price of €0.01.

Last week, the US SEC halted the ICO of decentralised bank AriseBank, which was looking to raise $1bn. The SEC stopped the sale due to it believing it conducted fraudulent activities.

Copyright © 2018 FinTech Global

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