Populous DeFi Invests in Crowdfunding Platform | ICOExaminer
Summary
Populous World (PPT), the blockchain-based invoice discounting project, have announced they are taking an equity stake in the London-based crowdfunding platform, Crowd for Angels (CfA). Approved by the UK regulator FCA, CfA enable companies to raise finance by issuing shares, debt through crowd bonds, or convertible loans via cryptocurrency. The collaboration between Populous World and Crowd for Angels is intended to allow for cross-selling of services as well as enable potential CfA investors to utilise Populous’ Business Intelligence platform to acquire further research on companies seeking crowdfunding. After raising over $10 million in an initial coin offering (ICO) in the summer of 2017 for the PPT utility token, Populous World have focused on developing their decentralised finance (DeFi) model that allows business owners to sell their invoices to investors at a discounted rate – improving a company’s cashflow and bringing tangible benefit to the investor. According to Populous World’s Director of Marketing, Lou Chan, this latest investment in CfA brings additional benefits to the Populous world ecosystem, including PPT token holders: Having reached an all-time high of over $50 during the late 2017 cryptocurrency market bull run, PPT is currently trading on a number of exchanges, including Binance, Bithumb, and OKEx, at around $0.46.