News and Announcements
Fintech, Nauticus, aiming for $25M equity raise
- Published May 01, 2019 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Highlights
- Nauticus is aiming for a $25 million equity raise to reach its goal of low cost, borderless financial transactions.
- The equity raise aims to onboard 2.9 million users by 2022 and fund additional cross-platform marketing and international expansion.
- A conservative discounted cash flow analysis values Nauticus post raise at $74.2 million.
Melbourne-based Fintech Nauticus offers 17 digital currencies and AUD with a 50, 000 strong community since its launch in 2018. They are now aiming for a $25 million equity raise to reach its goal of low cost, borderless financial transactions.
The equity raise aims to onboard 2.9 million users by 2022 and fund additional cross-platform marketing and international expansion. A conservative discounted cash flow analysis values Nauticus post raise at $74.2 million.
Nauticus draws its talent from across the globe including National Australia Bank (AUS), ANZ (AUS), Goldman Sachs (UK), Bank of Melbourne (AUS), Accenture (USA), News Corp (AUS) and Telstra (AUS), culminating in 280, 000 accounts across 84 countries. Later this year, the company will move into securities trading, FOREX and international remittances.
About Nauticus
Nauticus is a Melbourne based fintech company that provides user-friendly and secure crypto banking and eCommerce solutions utilizing blockchain technology, underpinned by the Nauticus Coin.
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