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Technology

Baanx

Status: Extended

Feb 23rd 2021 - Apr 4th 2021

Baanx is a Business to Business to Consumer (B2B2C) banking platform that is Application Programming Interface (API) driven and digitaly-friendly. It aims to become a contender in the digital asset financial services market that is estimated to rise to $40 trillion by 2030. Baanx argues that it is disrupting the slow and expensive banking sector by leveraging blockchain to launch secure and low-cost banking products and services, with a few lines of code. The company has witnessed £1.4 million in revenue in 2020. It will start shipping its cards to 30+ EU countries in 2021 and roll-out its ‘plug-and-play’ wallet/card/exchange/mobile app on leading open-source blockchain network, Tezos, targeting the latter's 3 million+ global user base. Baanx will use the investment to increase its staff to 40-50 personnel by the end of 2021, expand into Asian, Middle Eastern, and North American markets with regulatory approvals, and invest in digital asset-backed lending and investing.

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Log in to view amount pledged

    Log in to view target

    £124,386,667
    pre-money valuation

    7.10%
    equity available

    825
    investors

    £12,109
    pledge per investor

    11155938
    company number

    Active
    company status

    17/01/2018
    incorporated 6 years


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Log in to view amount pledged

    Log in to view target

    £124,386,667
    pre-money valuation

    7.10%
    equity available

    825
    investors

    £12,109
    pledge per investor

    11155938
    company number

    Active
    company status

    17/01/2018
    incorporated 6 years

  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph