NEBEUS, the cryptocurrency peer-to-peer lending platform, has launched a £1.1m crowdfunding campaign on Crowdcube.
Funds from the campaign, which has already raised over £400,000, will be used to obtain an e-money licence from the Financial Conduct Authority and launch Nebeus’ services to a wider audience.
The London-based fintech, which lets users trade, store, remit, lend and borrow funds by leveraging blockchain technology, aims to bring borderless banking to the two billion people across the globe who it claims struggle to access banking services.
Nebeus has facilitated £1.9m of P2P Bitcoin loans since its platform went live at the end of 2017.
It also launched the Nebeus card, which allows for crypto to fiat transactions via ATMs, online or in retail settings. The company operates an open API, meaning its infrastructure is being incorporated into wider payments systems across the world.
Nebeus currently has around 60,000 users who have created 30,000 wallets on its platform.
Konstantin Zaripov, co-founder and director of Nebeus, said the fintech wants to modernise banking and put power in the hands of consumers the world over.
“In the last few months, we’ve been able to integrate with local payment corridors for over 400 million consumers in Africa,” he said. “Following this fundraise, we are looking to accelerate our plans to expand this to Europe, Asia and South America, empowering more people and allowing them to be part of the future of finance.”
The crowdfunding campaign will be live until 23 October.
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