Populous World have reached the minimum target investment amount of £80,297.00 (maximum target £100,000.00) with crowdfunding platform, Crowd for Angels (CfA).
Reaching the minimum target amount means that Populous World, (a revenue-generating invoice finance platform), can issue bonds that are digitalised, allowing for more independence, lower costs and larger audience outreach. Populous World will use the crowd bond funding to increase the liquidity pool (LP) to fund invoices on their invoice finance platform, where bonds will be issued based on invoice sellers.
Crowd for Angels (CfA) is a FCA authorised, innovative crowdfunding platform for both debt and equity funding. CfA allows for funds to be raised via crowdfunding, providing a more balanced playing field for investors. With CfA, companies can raise finance through the issue of shares (equity), crowd bonds (debt) or convertible loans via digitalised securities (cryptocurrency) on their crowdfunding platform.
As the LP increases, PPT, Populous World’s utility token, will see greater usage.
The acquisition with Crowd for Angels confirms Populous World as the first successful corporate bond offering for an invoice finance platform built on blockchain auction technology. The collaborative environment between Populous World and Crowd for Angels will allow the cross-selling of services between the two platforms and can further increase the user base of both platforms