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Friday, January 21, 2022

CoinMetro raises 2.5 mln euros through bond sale

Tallinn-based CoinMetro, which aims to bridge the gap between traditional finance and blockchain technology with its own financial ecosystem, has raised 2.5 million euros through a bond sale aiming to speed up its growth.

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CoinMetro said it would invest in expanding its team, improving its product, including launching a new mobile app, and grow its marketing budget.

We will use this momentum and the fund raised from our CoinMetro Bond to keep growing at 30-50% MoM growth rate. We are aiming to grow our revenues in 2021 to exceed 6 million euros, it said in a statement.

CoinMetro, founded by Kevin Murcko, has raised a total of 12 million euros.

The new CoinMetro Bond pays 8-12% annual interest over a fixed two-year term. The interest payments are made daily right back to your CoinMetro account balance.

 

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Jan Ameri
Entrepreneur-by-heart – and by actions since 1998. Being an expert in spotting new opportunities and creating new concepts, Jan has been a partner or co-founder in seven different companies in various industries. In the early 2000’s he was pioneering some of the very first WAP, SMS, and interactive TV based wireless games and fantasy sports games in the Nordic countries. Jan loves to watch Shark Tank and The Profit in his free time. And he is an FC Barcelona fan.

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