UK-based fintech startup KogoPAY has completed its equity crowdfunding round on Crowdcube with more than GBP 200,000 in funding secured.
The company offered its 281 Crowdcube investors with 2.01% in equity at a GBP 10 million pre-money valuation. Founded in 2018, KogoPAY describes itself as a fintech company that provides a mobile payment app that enables instant and affordable transactions between Europe and Asia, as well as local transfers using wallet to wallet and QR code payments.
KogoPAY noted that the Crowdcube funding round will help to execute rollout across Europe and Asia in 2020 (KogoPay app is in the final stages of testing API) and investing in improved efficiency and customer service using AI.
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