Shares in HubrisOne are being offered at a pre-money valuation of £8.1 million. Earlier this year in February, HubrisOne did a seed round on Seedrs where more than 400 investors committed £159,000 to the startup at a pre-money valuation of £1.8 million.
So what has changed in the past months?
As was previously reported, HubrisOne reports over 100K+ customers within 5 months of launch and the receipt of two licenses in Europe (Estonia).
Of note, the pitch has shifted a bit. In February, HubrisOne wanted to be the bridge between old finance and new:
“We’re seeking to disrupt three key growth sectors. Remittance, cryptocurrencies and challenger bank market.”
Today, HubrisOne appears to be targeting more specifically the digital asset sector with its website claiming to be “the home of digital currencies.” You can send and receive “100s” of digital currencies while also storing and exchange them between fiat.
“Coming soon” is a crypto-lending service as well as a staking process and stablecoin access.
The base service is “free” but HubrisOne takes a fee from exchange transactions. A premium service for a fee is planned at some point but details have yet to be revealed.
It would be interesting if HubrisOne was seeking to provide a combination of banking and crypto services beyond buying/selling/holding at some point in the future.
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