Safello looking to raise €263K

Investing | June 3, 2016 By:

Safello announced that it has started a €263,000 crowdfunding campaign to expand the company into a blockchain-based “bank of the future”.

The campaign is being hosted on Sweden-based crowdfunding platform FundedByMe.com, which Safello used in a previous $300k funding round in March of last year.

Safello will be looking to leverage the funds from this crowdfunding effort to hire new developers that can actualize this all-encompassing blockchain-powered financial platform. As for an exit strategy, Safello is looking at several options; acquisition by a financial institution or tech firm; grow into a public company.

Safello Swedish bitcoin exchange.