Prepara is the next aspiring digital bank to throw their hat in the Fintech ring. Not yet a regulated bank or authorized deposit-taking institution, Parpera is in the process of securing the necessary licences it requires for its products and services in Australia.
In advance of its launch, Prepara is taking a page out of other successful digital bank startups by planning to raise capital on a crowdfunding platform.
Prepara is currently registering indications of interest on Equitise with few details yet available on the security offer. Parpera reveals that it has successfully raised pre-seed funding through a private allocation but does not disclose how much.
Prepara is raising capital online as it has a vision of creating Parpera with a “community of people, businesses, and investors and they believe that equity crowdfunding is a powerful tool to achieve this.”
This same plan has worked fairly well in the UK for banks like Revolut or Monzo. Enable your customers, and biggest fans, to become owners of the company. If you succeed, so do they.
Parpera is said to be developing a a neobank that will initially seek to provide a digital wallet, card, payments, and money management capabilities, “to help Australian businesses, freelancers, and entrepreneurs to improve the way they do business.” As with most other digital banks, the message is better service for a lower price and minus brick and mortar locations.
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