Snowball Money, which claims to be a high-interest account for all digital investment needs, has closed its crowdfunding campaign after hitting its hardcap.
The FinTech has pulled in $600,000 in the campaign, which was held Republic, from a total of 1,928 investors. Snowball was able to hit its maximum target with seven days still left on the fundraise.
There was a maximum valuation cap of $6m put on the crowdfunding campaign.
A minimum investment threshold was $111 for all investors, but there were several rewards for deploying certain amounts of money. Perks were available for deploying $200, $1,000, $2,000, $5,000 and $10,000 there were also perks for investing $25,000, $50,000 and $100,000 but no investors contributed that amount.
Some of the perks available to backers include a Snowball mask, $50 of Ethereum deposited into their account, exclusive access to new portfolios ahead of others, access to the beta of the app, an investor meetup and a recognition of backing the fundraise on the company website.
The FinTech company offers a mobile app that enables investors to access high-yield investments and earn interest in real-time. Through the app, users can create a digital portfolio comprised of gold, venture capital, art, cryptocurrency, real estate and more.
Snowball has previously raised $1m from investors.
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