Airbitz launches its equity crowdfunding campaign via Wefunder

Investing | October 28, 2016 By:

Airbitz announced the launch of its equity crowdfunding campaign.

The crowdfunding campaign will be executed through Wefunder, an equity crowdfunding website which allows anyone, even non-accredited investors, the opportunity to invest in startups. The Airbitz Wefunder page states that they’re seeking to raise between $100,000 to $1 million. At the time of writing this article they have raised $34,000. This will be in full SEC compliance supported by Title III of the JOBS Act.

The Title III of the JOBS Act went into effect in earlier this year in May and relates to raising capital through crowdfunding. Airbitz is the first blockchain-focused company to take advantage of this.

“We’ve built a security model that ultimately protects the end-user and is robust enough to handle the storage, backup, and synchronization of sensitive data. The campaign will accelerate progress towards the creation of secure, user-friendly, decentralized applications by powering additional functionalities, digital currency support, and integrations for decentralized apps,” said Airbitz CEO Paul Puey.

Airbitz is a San Diego-based bitcoin wallet provider and creator of the Edge Security SDK.