News and Announcements
AMBER, raise $1 Million in their Seed Round without an ICO
- Published December 18, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- AMBER raised capital of $280K in Pre-Seed round in February 2018.
- They are one of the only Crypto products to raise capital without an ICO.
- AMBER have raised $1 Million in their Seed Round.
- The companies price growth between pre-seed and seed rounds has been 250%.
- AMBER will be releasing a NFT/Collectables functionality into it’s wallet layer in 2019.
- Using their propriety open-banking tech (Fabric), AMBER will be the first company in Australia to successfully allow anyone to micro-invest into Bitcoin and other digital currencies – all on Auto-Pilot.
- The team has grown from 4 co-founders in January 2018, to 11 people across 2 teams (Fabric and AMBER).
- AMBER has been involved in the Crypto Investment and Investment Summit 2018 and the Crypto Coast Convention Noosa.
- The team also ran their first meetup in Brisbane and were delighted with the unexpected turnout.
AMBER was founded by Aleksandar Svetski, an Australian FinTech entrepreneur.
The company is part of a digital revolution which aims to empower people to take control and protect their finances via micro-investing.
It is one of the only Crypto products to raise capital without an ICO, simply because Aleksandar feels ‘a project like AMBER does not need a “Blockchain” or “Token” to function.”
AMBER uses leftover change from its users everyday purchases and invests that money into cryptocurrency.
The idea for AMBER came about when co-founders, Aleksandar Svetski and Chantelle De La Rey, were discussing how hard it was to invest in the cryptocurrency market.
The AMBER team is dedicated to creating simple ways to access the cryptocurrency market for everyday investors.
AMBER is constructed by the technology advancements made by Fabric, another project which Aleksandar is involved with.
Which is a financial data platform that provides the foundation layer which AMBER sits upon.
About AMBER
Amber is a digital currency exchange, wallet and round up app – all in the palm of your hand.
Our mission is to make digital currencies easy, for everyday people. With Amber, you simply download the app, link your account and get on with your life. The spare change from each of your transactions is automatically converted into Bitcoin and Ethereum – like a digital piggy bank. It’s Australia’s first fully integrated digital currency exchange, wallet and micro-investment app, so not only can you buy with your spare change, but you can store, swap, send and sell.
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