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Status: Extended

Dec 2nd 2019 - Jan 27th 2020

Baanx is a B2B2C mobile banking platform offering cutting-edge services in remittance, spending & blockchain. The company takes pride in its innovative customer acquisition process through partner communities. The BaanxCL already has a CL™ VISA Debit Card, Crypto-Payment Gateway, a Crypto-Exchange, Stablecoins, and other exciting features. The company is also partnering with new brands around the world which are not banking already but have large user communities to connect. The company is aiming to target 100,000 users by Q2 2020 with the assistance of Super Seed Investors. With the proceeds, Baanx will hire additional team members, spend funds on marketing, and launch services in South America and Asia.

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Baanx Rating Review

Rated on 19/12/2019

Pitch Rated

49%

Insufficient Data

Management

71%

Product

77%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

Pitch rating powered by CROWDRATING

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating
Click here for more information on our ratings
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Management 71%

Skills 64%
The Baanx management team covers the key roles and the team is very familiar with this sector. However further sales and marketing expertise is required to fully launch the product.

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Funding progress



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  • £658,200
    pledged

    Withheld
    target

    £7,850,704
    pre-money valuation

    7.10%
    equity available

    539
    investors

    £1,221
    pledge per investor

    11155938
    company number

    Active
    company status

    17/01/2018
    incorporated 3 years

    Equity Calculator
    Investment
    £
    Equity
    %
    Previous Funding rounds
    02 Dec 19 Seedrs £658,200 / inf% 49.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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