Swedish Bitcoin exchange Safello may not be making the headlines in 2015, but given the recent turmoil surrounding exchanges that have been in the news, it shouldn’t be seen as a bad thing. In fact, Safello has been working hard behind the scenes to launch a Bitcoin pilot campaign on Sweden’s largest crowdfunding platforms, called FundedByMe.
FundedByMe – European Crowdfunding Platform For Entrepreneurs and Investors
When it comes to crowdfunding platforms in existence today, most of them seem to be centered on countries such as the United States, Canada, and the United Kingdom. Despite the increasing popularity of platforms like IndieGoGo and Patreon, support for European companies, entrepreneurs and investors seems to be a bit lackluster for the time being.
By providing European citizens with the crowdfunding platform they deserve, FundedbyMe has quickly risen in the ranks. Whether you are an investor, an entrepreneur or someone who is looking to venture into the world of crowdfunding, FundedByMe should be one of the sites at the top of your list.
As the world of crowdfunding has evolved so much in recent years, it becomes increasingly hard to stay ahead of the competition. But FundedbyMe has managed to do exactly that, by offering several types of crowdfunding campaign options. The traditional model of rewarding your backers is one of the possibilities, as well as loan-based and equity crowdfunding campaigns.
None of this would be possible for free however, and FundedByMe charges fairly modest fees across the board. Depending on which type of a crowdfunding campaign you are looking to host, fees will vary greatly. Equity crowdfunding campaigns are subject to the highest fees, as these campaigns are catering towards companies or entrepreneurs looking to raise up to 150,000 EUR in capital.
In order to make the FundedByMe platform stand out even more, the company has agreed to host a Bitcoin pilot program. In doing so, Swedish Bitcoin exchange Safello is allowed to run their campaign on the FundedByMe platform and accept investments in Bitcoin. However, the depicted investment amount will be displayed in fiat currency before it is converted into Bitcoin for investors to make their payment.
Safello – Swedish Bitcoin Exchange Looking to Raise 472k EUR
Crowdfunding campaigns, where investors can pay with digital currencies, has not been done before, which gives fundedByMe a world’s first exclusive by doing so. Safello is hoping to raise little under half a million EUR in order to take their business and modus operandi to the next level.
Global expansion is a long road with many steps along the way. One of the first steps for Safello will be adding more payment methods for their customers. By giving people more options to make and receive payments, more people may be attracted to the Bitcoin exchange. A big portion of the raised funds will be allocated to this part of the roadmap.
As the Safello customer base grows, so will the company’s staff. This is another expense which will be covered by the funds raised – once the campaign has proven to be successful, that is. The staff expansion plans will also aid in providing the best support for Safello customers in Europe.
Safello is running an equity crowdfunding campaign on FundedByMe, which means investors will receive company shares in return for their investment. Every Safello company share is being sold for 154.30 EUR, and 5.19% of all company shares are being offered for sale during this campaign. As of this writing, the crowdfunding campaign runs for 44 more days.
The minimum investment for Safello’s FundedByMe campaign is 1,080.13 EUR, which will reward you with seven company shares (~0.0119% of the company).
Source (campaign link) : https://www.fundedbyme.com/en/fund/invest/basic/5478/