back Back

GeoDB raises £2.4 million in its latest Seedrs crowdfunding campaign

By Megha Bhattacharya

December 30, 2020

Share

geodbUK FinTech GeoDB is reportedly all set to close its crowdfunding round on Seedrs with around £2.4 million raised from nearly 550 Seedrs investors. GeoDB is a big data marketplace that aims to solve the existing problems of the huge big data industry and also allows users to upload their data to the protocol. In exchange, the protocol rewards them for that generated data.

GeoDB raised £1.37 million through its previous Seedrs campaign, which closed less than a year before the latest round made its debut. The company is now offering a 25% discount through the campaign, which is set to close at the end of December.

According to the company, it is a peer-to-peer big data sharing ecosystem powered by blockchain technologies. It is an open data marketplace that creates bridges between current isolated participants and which aims to solve the existing inefficiencies of the huge big data industry. At one end, users upload their data to the ecosystem. In exchange, the network rewards them for that generated data. Meanwhile, at the other end, data buyers access the data pool and purchase those datasets. GeoDB is being created and developed by London-based GeoDB Blockchain Limited.

The company stated in its blog, “2020 was very successful for GeoDB. We have achieved significant community growth, onboarded thousands of new investors, and more than a hundred thousand GeoCash users.”

Previous Article

December 30, 2020

Pakistani FinTech Finja secures $9mn in Series A financing

Read More
Next Article

December 31, 2020

Ondato announces expansion of European operations with new London HQ

Read More







Advertise with us



IBSi Daily News Analysis

Money laundering, fraud

May 17, 2022

Money laundering scandals would make UK consumers switch banks

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Splitit launches Installments-as-a-Service platform

Read More

Today

Kepler Cheuvreux selects BMLL for order book analytics and algo development

Read More

Today

5 prominent American core banking companies

Read More

Related Reports

Sales League Table Report 2021

£ 1,500.00 / year

Know More
Emerging Technologies in Capital Markets

£ 500.00

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

Know More