Global Microlender Everex Scores $26 Million in ICO

Announcements, FinTech, ICO News, Innovation, Investing, News | September 1, 2017 By:

Microlender Everex has closed its initial coin offering (ICO) after raising $26 million USD, collecting 1,580 legacy bitcoins (worth $7.54 million) and 49,477 ETH (worth $18.9 million).

Everex offers ethereum blockchain-based microlending, remittances and merchant payments to under-served individuals and small businesses globally.

Previous venture backers for its seed found include China’s the Holley Group, which typically focused on pharmaceutical and industrial projects. The $500,000 from Holley represented its first venture into financial technology.

Everex plans to expand its operations from its current mobile and desktop digital wallet. Customers transact using proprietary tokens that mimic fiat currencies.