Popular European Crowdfunding Site FundedByMe Piloting €400k Investment Round in Safello

FundedByMe, a popular European Crowdfunding Crowdfunding Crowdfunding is defined as funding of a project via raising smaller denominations of money across a large body of number of people.New businesses that need access to more capital may also conduct crowdfunding. Generally, crowdfunding is performed through an online community, social media, or crowdfunding websites such as Kickstarter, GoFundMe, and RocketHub. Depending upon which jurisdiction an investor resides within will dictate the sort of restrictions that are applied to the crowdfunding pro Crowdfunding is defined as funding of a project via raising smaller denominations of money across a large body of number of people.New businesses that need access to more capital may also conduct crowdfunding. Generally, crowdfunding is performed through an online community, social media, or crowdfunding websites such as Kickstarter, GoFundMe, and RocketHub. Depending upon which jurisdiction an investor resides within will dictate the sort of restrictions that are applied to the crowdfunding pro Read this Term site, has launched a 45-day pilot project to gauge public interest in Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term ventures.

The site claims to be the fasted growing crowdfunding platform, stating to have catered to over 50,000 investors to date. It is now looking to raise €472,634 ($510,400) for Safello, a Sweden-based bitcoin brokerage.

Of the dozen or so ongoing campaigns, Safello's has advanced to the top in terms of popularity. Only six days in, 98 investors have contributed, propelling the campaign to achieve 89% of its investment goal.

Safello's management will carefully analyze the results of the campaign, according to FundedByMe CEO and Founder Daniel Deboczy. He believes that the Bitcoin and venture investing worlds go well together, explaining:

"We see that among our investors, a great many of them are early-adopters. We also know that bitcoin users are familiar with new inventions at an early stage. That’s why we thought that we may offer both groups something interesting."

Safello CEO and co-founder Frank Schuil took it a step further, saying that many of his clients would be interested in investing in the company with bitcoins, if they had a chance. "For customers who are already verified with Safello, this will also be the easiest way to invest," he said.

The lead investor is Barry Silbert's Digital Currency Group.

Update March 23, 15:43 GMT: Safello was also just accepted into the Techstars-powered Barclays Accelerator program. They are one of ten accepted companies out of hundreds of applicants, and together with two other Bitcoin-related startups, are the first such ventures to be accepted into the program.