Based in Los Angeles Good Money cryptocurrency startup announced the closing of a funding round Series A, which raised $30 million
Round headed scriptbank Mike Novogratz Galaxy using your Galaxy Digital EOS VC Fund, said in Monday, December 10, the official press release.
Other project investors were made by venture capital funds, Breyer Capital, Blocktower Capital, Boost VC, Blockchange Ventures, Cross Culture Capital, and several individual investors.
Good Money calls itself the world’s first digital banking platform owned by its customers and aims to democratize the banking industry, using profits to change the world for the better.
In particular, the startup plans to act as a Bank, every customer belongs to a certain number of securities. Good Money plans to deploy a network of beskonusnyh of ATMs throughout the US, and also offer a zero fee for overdraft and insured by the Federal Corporation on insurance of contributions (FDIC) deposits at 2% per annum.
A fully functioning app and will operate the platform, the company plans to release in 2019. The app will support mobile cryptocurrency wallet, offering additional incentives for referring friends and direct deposits.
In addition, representatives of the startup, 50% of all profits will be directed to projects aimed at addressing social and economic inequalities, environmental protection, renewable energy and philanthropy.
We will remind, earlier in December, Galaxy Digital was one of the investors international technology blockchain the company Bitfury Group, which after a closed round of financing raised $80 million.