Digital banking startup Nebeus launches £1.1m crowdfund

Nebeus, a UK startup hoping to bring banking to the unbanked, has launched a £1.1m crowdfunding campaign on Crowdcube.

The company has already pulled in £422,350 in the crowdsale, at the time of writing, following commitments from 69 investors. There are 29 days left on the crowdfund.

A pre-money valuation for Nebeus has been set at £14.6m.

An initial 7 per cent of Nebeus’ equity has been put up for the total £1.1m sale; however, the share of equity deployed to investors will likely increase if the campaign surpasses its target.

Nebeus is a crypto bank which provides consumers with tools to trade, store, remit, lend and borrow funds across borders by leveraging blockchain technology. Founded in 2014 and launching its services in late 2017, Nebeus has supported more than €34m in transaction volume and facilitated over £1.9m in P2P Bitcoin loans, to date.

The company recently launched a pre-paid card which enable consumers to convert cryptocurrencies into fiat finance and use it when making purchases on and offline.

Nebeus co-founder and director Konstantin Zaripov said, “With this crowdfunding campaign, we will be able to further our mission of creating an inclusive, borderless global economy.

“We have a strong track record and an existing community of over 60,000 users who have created 30,000 wallets on our platform. In the last few months, we’ve been able to integrate with local payment corridors for over 400m consumers in Africa.”

With the capital raised through the crowdfunding, Nebeus will look to accelerate its expansion efforts to Europe, Asia, and South America. The company is also hoping to attain an e-money license from the FCA to expand its audience.

“We want to create an ecosystem where those who add value are rewarded, and those who consume services and products can do so in a competitive and secure environment, built on blockchain technology. Our current campaign will bring us a step closer to achieving this,” he added.

Copyright © 2018 FinTech Global

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