ORCA Alliance is reporting that its initial coin offering (ICO) easily raised its $1.5 million target in just 50 hours. The Latvia based Fintech is building an “Open Banking” platform seeks to enable digital banking that is crypto friendly. In June, Orca reported it took just 6 seconds to transfer fiat to crypto using their test network.
Orca commented on the challenging crypto market that has become littered with zombie coins and believe that demand for their coins is indicative of the mission they have chosen. Orca says the second round of their token sale will commence on August 27th. For this round, ORCA is raising a total of 9,800,000 USD. This offering is not available to US and Canadian investors.
Natan Avidan, CEO of ORCA Alliance, said they were pleased to have finally launched their crowdsale;
“It took a large team and approximately 8 months to get here. We are even more happy with the early round results. In this bear market and with all the negativity surrounding ICOs, it is extremely hard to raise funds. I want to personally extend gratitude to everyone who has been with us from the beginning and showed us their support.”
ORCA Alliance is working on a digital marketplace for financial services where users can link their wallets, bank, cryptocurrency and payment accounts into one dashboard – all using bespoke APIs.
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