Blockchain-based Investment Startup Roobee Raises US$4.5M in Pre-Seed Round - Reuters


Blockchain-based Investment Startup Roobee Raises US$4.5M in Pre-Seed Round

Blockchain-based Investment Startup Roobee Raises US$4.5M in Pre-Seed Round

Tue Feb 26, 2019 - 11:30am UTC

A first-ever investment platform on a blockchain has secured US$4.5M in pre-seed round and is ready for the next round of financing with the possibility of crowd-investing.

February 26, 2019

Roobee is the first investment platform for retail investors on a blockchain and it allows investments to be placed from as little as $10 (0,001 BTC) from a phone or desktop with no fees for buying investment products. The platform has already bucked market trends by reaching the first pre-seed investment stage and has helped over 5,000 people invest over 21,000 ETH (equivalent to $15,000,000) in several investment funds, venture and blockchain projects.

The startup has made waves following revelations that they have secured the support of a prominent crypto whale, who is backed by $200 million in investment capital.  The anonymous investor has invested $4,500,000 in the cutting edge Blockchain-powered investor platform.

The anonymous investor has been dubbed 200m_trader by Bloomberg after he was able to turn $55 million of paper wealth into $283 million in only one month. They have a track record of investing in successful tech startups Ethereum and EOS. Of the move, they told Digital Journal ‘I only invest in projects that can reach a capitalization of $1bn within the time frame of 5 years. I see this potential in Roobee. I followed the same guidelines investing in Ethereum back in 2014’.

Securing investment is an important step towards the company’s aim of leveling the playing field on financial markets. The next generation of Roobee has been designed to help tackle social injustice by allowing investors with a minimal investment of $10 to achieve the same profitability and range of financial instruments as investors with $1,000,000. This is by aggregating various investment instruments from different markets and providing retail investors with instant access to them with zero fees for buying investment products.

This disruption of the traditional investment model works by enabling a diverse range of investments (stock/capital investment markets, IPO, real estate, loans, investment funds etc.) from a diverse range of people. The low-cost initial investment needed results allows lower risk opportunities for investments for both average people with poor cash flow and also for high-worth individuals looking for lower risk investment opportunities during periods of political and economic uncertainty.

It is for these reasons that Roobee refers to itself as the Uber of investment, as they curate the offerings of numerous financial markets, helping their clients to develop their own unique investment portfolio, that is fully transparent and accessible, through their app. By combining cutting-edge technologies with a proven business model, this platform is equalizing the opportunities available to normal people and leveling the playing field for investors.

Contact Info:
Name: Roobee
Email: Send Email
Organization: Roobee

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