BitcoinPoint is a financial technology entity that allows anyone to buy Bitcoin easily. The company remarks that registration on crypto exchanges and the extremely high fees non-tech savvy users encountered with Bitcoin ATMs made Bitcoins unviable. BitcoinPoint aspires to change this by creating an ecosystem of agents, Point of Sale (PoS) machines and ATMs to make it easier to acquire cryptocurrency and even use it for remittances. The company has developed a 'Bitcoin Online Wallet' with zero network fees for its clients. It has overseen 21,500+ transactions, registered 2,500+ accounts, and signed an agreement to connect and provide services to 320,000 locations globally in Q1 2020. The company argues that its platform was supporting a network of 25 agents reaching over £200,000 in monthly transactions before lockdown. BitcoinPoint will use the investment to build a remittance service leveraging its crypto expertise via Bitcoin and the Stellar blockchain with stablecoins, allow cross-border instant transfer, and increase its UK network of agents.
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BitcoinPoint Rating Review
Pitch rating powered by CROWDRATING™
Rated on 28/05/2021
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£3,502,722
pre-money valuation
10.50%
equity available
1,270
investors
£323
pledge per investor
11121448
company number
Active
company status
21/12/2017
incorporated 6 years
£3.14
share price
Previous Funding rounds
24 Apr 24 | Crowdcube | £410,580 / 411% | 89.33% |
21 Apr 24 | Crowdcube | £219,944 / 220% |
Officers
Benoit Armand Roger MARZOUK
Appointed: 27-12-2017
Benoit Armand Roger MARZOUK
Appointed: 21-12-2017
Benoit Armand Roger MARZOUK
Appointed: 11-09-2012
News
BitcoinPoint becomes UK's first FCA registered crypto asset firm with ATM cash-out facility - CityAM - City A.M.
03/12/2021 City A.M.
BitcoinPoint, Cashzone Allow Users to Sell Bitcoin Using 16K ATMs Across UK - CoinDesk
24/12/2020 CoinDesk
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What the ratings mean
RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.