Eversend recently raised $739k for 9.05% equity is a recent crowdfunding campaign, recording 120% of its target. The startup aimed for $613k in return for 7.67% equity, looking to target institutional investors in the crowdfunding campaign.
Eversend intends to use the proceed to expand to Europe, Nigeria, and Francophone Africa. Moreover, it also wants to use the funds for product development, regulatory compliance, and user acquisition.
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Speaking on the success of the seedrs campaign, Founder and CEO Stone Atwine notes that the campaign “..is a great way to create a community of user investors”.
