CoinBurp, a UK-based crypto brokerage, is now seeking £300,000 through its new equity crowdfunding campaign on Crowdcube. Founded in 2018, CoinBurp claims to be one of the largest crypto brokerages in the UK, with a turnover of £100 million.
“CoinBurp’s mission is to create a uniquely user-friendly trading platform for everyone, with a long-term vision to become an international brand and part of the banking ecosystem. Since launching in May 2019, we have acquired 1000+ users, facilitated 1000+ transactions, and have accumulated a trade volume of £1 million+.”
CoinBurp also noted that it is a self-funded FinTech startup with a greenfield project operating within the cryptocurrency space.
“Having founded an industry-leading cryptocurrency brokerage, we have a proven track record and want to take the next logical step in building our own trading platform.”
CoinBurp note it is now entering its second phase of product development. Deliverables will include:
- Euro, US Dollar, and EOS crypto
- Deposit by payment card
- Price charts and alerts
- Repeat and advance trades
- Educational portal
Funds from the Crowdcube round will be used include the integration of;
- Affiliate marketing programme
- Native iOS and Android apps
- Expansion into international markets
Since its debut, Coinburp’s campaign has successfully secured more than £220,000 from over 100 investors. The company is offering 1.96% in equity at a pre-money valuation of £15 million. The funding round is set to close mid-January.
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