UK-based HubrisOne, a startup aiming to make blockchain technology, cryptocurrencies, and basic banking services accessible to all, has already secured more than £123,065 funding — overfunding by over 200% — for 6.40% equity in its newly launched Seedrs equity crowdfunding campaign. Surpassing its original £60,000 goal proved to be a breeze.
To recap, HubrisOne was founded co-founded by CEO Ivan Gyimah in 2017 as a hybrid multi-currency (EUR, GBP, USD) current account with cryptocurrency wallet integration, instant low-cost cross-border transfers on the Stellar blockchain and DApp marketplace.
“We’re seeking to disrupt three key growth sectors: the remittance, cryptocurrencies and challenger bank markets,” indicated the campaign. “Combined these markets are more than $600bn.”
Pre-valued at £1,800,000, the platform aims to transform how people manage their cryptocurrency assets, enabling users to create multi-currency current accounts and execute instant blockchain-powered cross border payments all within a few taps. Each HubrisOne customer receives a debit card to spend cryptocurrency or fiat currencies. The company then rewards customers in HBRS tokens each time they refer, spend, and load their accounts.
The company shared its tertiary mission on Seedrs:
• Increase Adaption: Increase cryptocurrency adoption globally.
• Connect: Connect the old world of traditional banking with the new world of cryptocurrencies.
• Bank the Unbanked: Provide basic banking services for the unbanked population
Current sources of revenue include HubrisOne’s £5 monthly subscription fee, a 1.40% fee to any buy, sell and exchange crypto fee and a one-off annual on-boarding Multi-Commerce Marketplace £500 fee which enables partners to access HubrisOne’s growing user base and market its products, services, and solutions.
Seedrs’ funding will be utilized to accomplish this mission as well and in the HubrisOne’s Product Development & Launch, Operations Paid Marketing Campaigns and to obtain an FCA Electronic Money License (EMI).
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