In an announcement Vaultoro says that now investors can buy a part of the company as it has launched an equity crowd investing campaign. Interestingly, the offer is available only for a limited time period as according to the firm interested investors can invest via Bitcoin, credit card or bank transfer after signing up to the online investment platform BnkToTheFuture.
Nonetheless, talking about the launch it has come to notice that Max Keiser and Simon Dixon’s Bitcoin Capital fund was one of the first to invest. Founded in February 2015, Vaultoro is a “Banking 2.0” gold/Bitcoin trading exchange which has innovative platform known for pushing banking possibilities to the next level.
It is not just enabling high net-worth individuals as well as the unbanked in developing countries the opportunity to trade and own investment-grade gold anywhere, anytime, instantly all without using the legacy banking system. Nonetheless, the company is also trying to raise funds for various purposes like expanding the operations.
Talking about the fund raising the official blog from Vaultoro says that to offer the users the best possible platform and experience it needs to develop the platform further. According to the firm by developing a mobile application and translating to all the different languages with user support, wants to make Vaultoro even more accessible to everyone in the world.
Aims to raise $780,000 USD in exchange for 25% total of its shares
Elaborating further the blogger says that the company’s gold Bitcoin trading platform was just the start, the vision is much bigger. Thus, the company enables anyone in the world, with just a phone to have instant access to a private and secure asset. The co-founder Joshua Scigala says that the company has been growing by 91%/month in trading volume and 29%/month in user acquisition.
At the occasion Simon Dixon was quoted saying that by combining the safety of Gold with the speed of Bitcoin, he can think of many ways how that combination can change finance forever. He also said that he was delighted to invest in Vaultoro both personally and through Bitcoin Capital our VC fund managed by Max Keiser.
The company aims to raise $780,000 USD in exchange for 25% total of Vaultoro’s shares. Additionally, the funds will be dedicated to the further development of Vaultoro’s platform and expansion of its global reach, thereby making trading accessible to more people, especially in the unbanked regions of the world.
To contact the reporter of this story: Deepak Tiwari at firstname.lastname@example.org