Finnish bitcoin broker Prasos is looking to secure a leading position in Europe and reach €16m revenue in the next three years. To achieve this, it is seeking funding.
The first stage of the public round started on the 9 November. In seven days the company raised 35% of the minimum target from existing owners and private investors. Now the round has been launched to public participation.
"The company is currently highly profitable, but as the sector is growing rapidly, we need to invest in the international expansion with larger stakes," says Prasos CEO and co-founder Henry Brade.
"We also want to further develop our investment services to regular investors that want to diversify their investment portfolios into cryptocurrencies."
"Our current shareholders have received the new round very positively and we have received new private and professional investors from Finland and from abroad," Brade commented on the start of the offering.
Prasos wants to take cryptocurrency investing mainstream. Cryptocurrency-based investment products have been created, but the market is still at an early stage and the current exchange and investment services are not sufficiently mature.
"There is a great growth potential in the development of secure services oriented for regular investors. Brade explains.
He added:”Prasos is focusing the resources on making the investment procedure as easy and convenient as possible for the investors and aim to achieve this goal by further developing its Coinmotion investment platform and by concurrently establishing commercial partnerships with traditional companies providing investment services."