[PRESS RELEASE – London, UK, 7th November 2022]
Crypto-banking innovator Choise.com is preparing a major assault on the $250B crypto earnings sector and is opening its equity book for those who want to be part of the journey. Via the Seedrs crowdinvesting platform, Choise.com is offering a limited supply of equity to Seedrs and its own platform users.
The public launch has already taken place on November 7th, and will close a month from now, on December 7th.
Choise.com is currently raising a $33M round, less than 20% of which is being made available to the public with the rest taken up by institutional investment funds, of which a significant share is already confirmed.
Choise.com aims to simplify crypto-banking, being one of the first companies in the world to enable payment for goods and services with a crypto debit card. The company also offers a whitelabel version of its crypto exchange, asset buy and sell service for its clients.
Choise.com is now looking to do the same for the world of crypto earning. Most users lack the time or knowledge to search the entire market for all the best offers, move tokens across different blockchains, and read smart contracts. Choise.com will automate the entire process so users can earn on their crypto assets with zero complexity.
In a six-month beta test, more than 1,000 users recorded average returns of 10% or more. This product is now being integrated into the popular Choise.com app as well as a standalone service for institutional treasury managers.
The Choise.com team is led by Vladimir Gorbunov who has a successful track record of managing fintech projects. In the field of crypto alone, the total capitalization of Vladimir’s projects exceeded $1B at the beginning of 2022. Co-founder Austin Kimm has set up several insurance groups including a pensions company that sold for approximately $200M three years after launch.
Acting as advisors to the company are Young Cho, a financial expert with over 24 years of experience in banking and crypto startups, and Brad Simmons, a marketing professional with a proven track record of building large-scale consumer products and solutions.
The raised funds will be put towards user expansion, where Choise.com plans to increase its user base in 2023 from the current 750,000 to over 2M registered users. In addition, funds will be used to build out products and services, especially the sales infrastructure around institutional treasury, which currently makes up the bulk of the earn market.
CEO Vladimir Gorbunov said: “Over the last 5 years we have invested more than $50M into the development of leading crypto market positions in key segments, particularly payments and B2B solutions. We believe the time is right to capture a share of the highly lucrative and relatively unoccupied earning sector. You build when the markets are down, and strike when the markets are up. We’ve done the build and are now preparing to strike.”
Choise.com has already achieved impressive results on Seedrs. In 2021 the company raised over €3.1 million from European investors. The initial fundraising target of €1 million was hit in just 36 hours and eventually closed with 210% overfunding from investors.
To become an investor, register down the link:
https://www.seedrs.com/choise.
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