There have been some big movements for Assetly this week, with two cornerstone investors committing AUD$500k to the round.
This has really set the raise off and comes on the back of Assetly executing the agreements to acquire an additional Financial Services business, in another key moment for the company.
The acquisition of this business will add revenue of AUD$2.1m per annum (90% recurring), as well as substantial cross-selling opportunities; and crucially, the ability to onboard more than 1,300 potential users to the Assetly platform.
As a result of this progress and the immediate benefits from this acquisition, Assetly Management has decided to increase the company’s valuation. Investors now have until Friday 14th December to invest at the current AUD$10m valuation, before the increase takes effect.
The Assetly team has already built a highly successful financial services company in Australia, which is generating £600k revenue per annum. They have put together a who’s who of entrepreneurial and financial-services expertise, to build out their digital asset exchange platform.
Working with the Australian regulators, the platform could be a game-changer for financial services – creating a market for things that are currently hard or impossible to sell part of… think fractions of houses, classic cars, fine wines and artwork; any illiquid asset that you may hold but cannot easily turn into cash.
The stock market transformed the global economy by allowing companies to raise money through share issues and bonds. Thanks to blockchain technology and Assetly’s forward-thinking platform, this same transformative market power will now be in the hands of every asset holder.
To learn more about Assetly, click here, where you can download more information and access the company’s very informative webinar.