DigitalX, an Australia and US-based blockchain solutions company, has announced that blockchain finance solution Bankera has raised €25m (AUD$37m) in pre-Initial Coin Offering (ICO).

According to the official release, Europe-based Bankera closed €25m via the sale of 2.5 Billion Bankers (BNK) tokens at €0.01 each. With DigitalX as its corporate advisor, it held the token sale to fast-track the development of a ‘digital bank’ for consumers operating in the blockchain era.

“With over 15,000 investors supporting our project and a team with a track record of success, we were confident of a successful token sale. The support from our community has exceeded expectations and we look forward to delivering on our mission,” Bankera advisor and European Parliamentarian Eva Kaili said.

Throughout the Pre-ICO process, DigitalX provided a range of industry specific and traditional corporate advisory services, as well as marketing services to Bankera.

“This announcement is an exciting milestone for Bankera,” said Leigh Travers, CEO of DigitalX. “The result of its latest Pre-ICO round is testament to the strong interest and demand for the project being developed. At the same time, we’re excited to see how Bankera will disrupt the traditional banking sector with its innovative blockchain-enabled innovation.”

In June 2017, DigitalX entered into a subscription agreement as well as converting loan agreement with Blockchain Global Limited (BGL) in order to invest $4.35 million approx. It is the company behind “AirPocket” – an app that offers users the ability to make low-cost cross-border money transfers to their friends and family from the US.

Bankera is building a ‘digital bank’ that will provide traditional banking and investment banking services to the blockchain marketplace including payments, loans and deposits and investments. In particular, it will offer businesses instant payment settlements – using advanced proprietary know-your-client (KYC) and fraud detection solutions – to collect information about the incoming payments and automatically settle transactions which otherwise could take weeks.

With the successful Pre-ICO, Bankera expects to raise further funds through an ICO at a price of €0.017 in the near future. It also expects to receive a banking license by 2019.

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