Details

Last Funding Type

Initial Coin Offering

Last Funding Money Raised

$40M

Industries

Cryptocurrency,Financial Services,FinTech,Mobile Payments

Founded date

Jan 1, 2016

Number Of Employee

11 - 50

Operating Status

Active

Legal Name

Electroneum Ltd.

Electroneum is a digital payments ecosystem that allows anyone to store, send and receive digital funds via their smartphone. A new era of digital payments is needed to unlock the global economy for more than 1.7 billion unbanked people worldwide. They are using the power of blockchain to unlock the global digital economy for millions of people in the developing world. Helping everyone to live life on their own terms, their solution is enabling people to embrace their entrepreneurial spirit and find new ways to enhance their lives.

Their mobile-based payments solution is powered by ETN - the world’s fastest and first KYC/AML compliant cryptocurrency. ETN is a store of value that can be used to purchase everyday items, from bread and milk, to mobile phone top ups. When used in conjunction with the Electroneum mobile application, users can transfer ETN to anyone in an instant, either in person or remotely.