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Technology

Bitstocks

Status: Active

Jan 8th 2021 - Feb 8th 2021

Bitstocks is a financial technology application built entirely on blockchain. The company intends to bring to customers the benefits of bitcoin in a simple & accessible personal account format. It asserts that 76% of UK adults use online banking. Its product, Gravity, currently offers BSV, BTC, GBP & EUR pairings, with investment accounts for customers to buy, sell & store bitcoin. The company is registered with the Financial Conduct Authority (FCA) and integrated with Faster Payment System & Single Euro Payments Area provider. Bitstocks has 1,800+ registered customers, with 650+ joining through referrals. It will use the investment to scale & develop the next phase of Gravity, bring forth stablecoin to enable tokenised global micropayments, and introduce personal accounts, debit cards, savings & loans.

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Bitstocks Rating Review

Pitch rating powered by CROWDRATING

Rated on 15/01/2021

Pitch Rated

51%

Insufficient Data

Management

84%

Product

70%

Investment

UNRATED*

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

Log in to view amount pledged

    Log in to view target

    £36,012,300
    pre-money valuation

    1.37%
    equity available

    1,776
    investors

    £623
    pledge per investor

    08994234
    company number

    Liquidation
    company status

    14/04/2014
    incorporated 10 years

    £3.60
    share price

    Previous Funding rounds
    28 Mar 24 Crowdcube £1,105,596 / 221% 51.33%

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

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.

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Management 84%

Skills 82%
Bitstocks has an experienced team that uses modern techniques to shed light on the current global banking system's inefficiencies and provides an alternative solution. The Founder/CEO is a technology entrepreneur with an understanding of Bitcoin beyond the typical industry view. He represented the industry at the Houses of Parliament and was recently featured in Forbes. He is the driving force behind the vision, vigour, and passion of Bitstocks. The CTO is responsible for all aspects of development, with a track record of zero security breaches in Bitstocks 6-year history. The CRO's primary focus is on the R&D of the technology behind the Bitcoin ecosystem. He was awarded the Louise Arconati Visconti prize from the Chancellerie des universités de Paris (2011) and the Wilmott Award in 2019 in Quantitative Finance. The Head of Compliance is a financial crime officer and is passionate about creating an infrastructure that meets all regulations. His roles and responsibilities include transaction monitoring, KYC, remediation, support consultant during regulatory reviews, and policy drafting to reflect fourth money laundering directive changes. A team of multidisciplinary marketers supports the Head of Marketing, and they are working closely with the Design and Media teams to bring the marketing strategy and concepts to life. The Marketing Head steers the brand from start-up to scale-up and is quick to re-develop the strategy and adopt a data-driven approach. The Head of Product and Sales drives the product roadmap in line with market requirements and business objectives. It was noted that the company is supported by a dedicated CFO who is responsible for all financial aspects of the business.

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Pitch Rated

77%

Overall

rating powered by

CROWD RATING™

days to go: Extended investment: £1,014,708

Log in to view amount pledged

    Log in to view target

    £36,012,300
    pre-money valuation

    1.37%
    equity available

    1,776
    investors

    £623
    pledge per investor

    08994234
    company number

    Liquidation
    company status

    14/04/2014
    incorporated 10 years

    £3.60
    share price

    Previous Funding rounds
    28 Mar 24 Crowdcube £1,105,596 / 221% 51.33%
  • 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