Qi (formerly Stark Payments), a company that enables businesses to accept virtual currencies like Bitcoin, Ethereum and others as a regular payment, has raised 66% (£231,497) of its £350,000 target from 160 investors (at the time of writing) through its crowdfunding campaign carried out via Crowdcube with 28 days left in the sale.
UK-based Qi reports a £25,000,000 pre-money valuation, 1.38% Equity, a £2.42 share price.
As noted in the update, Qi aims to “become a global leader by integrating their technology into ‘conventional’ payment providers.” The investment will be used to scale the company’s operations.
Here are the key business highlights shared by the firm:
- In-house built blockchain connected software
- Leadership team with expertise from within the Payments and Technology sectors
- MOU signed with Cardstream, the UK’s largest independent white-label payment gateway
- RFP submitted to Europe’s largest payment processor
As explained by Qi, their platform and services will allow you to “pay for goods and services using your digital currency, like Bitcoin.”
The company also shared:
“Doing our bit to drive change and educate on the industry we’re passionate about Through our B2B software platform, we’re on a mission to enable business owners to accept new forms of digital currencies for payment. Our vision is to become a leader in this space by connecting payment processors with forward-thinking businesses, globally.”
Since their previous Crowdcube raise, they’ve reportedly “re-engineered [their] connectivity to launch Synergy, [their] Partner API.” This enables any payment provider to “connect to multiple blockchains including Bitcoin, Ethereum and other major ‘coins’ to begin offering digital currency payment processing solutions to customers.”
The company added:
“We’re active in the market having secured a major service provider contract and signed an MOU with Cardstream, the UK’s largest independent white label payment gateway. This in turn opens us up to several hundred partners with thousands of clients in the UK alone. We’ll expand in 2022 with continued development of our tech and hiring of some key personnel to our team, in order to maintain our focus on delivering our key objectives.”
They also mentioned
“We have a well-defined proposition supported by what we believe to be a state of the art platform, leveraged through a developer friendly, intuitive API making it simple for a partner to embed our technology and enable a fast and scalable go to market approach.”
They added that they’re looking forward to welcoming you “as a key part of our investment strategy and be a core part of our exciting journey.”
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