LONDCAP, a UK-based ‘smart’ bank account app with a non-public monetary assistant for synthetic intelligence Alice, is now seeking budget as a component of its new equity crowdfunding crusade at Seedrs. Founded earlier this year, LONDCAP aims to provide microcredits to underbanked consumers and to allow credit cards to consumers without credit history or national insurance numbers.
The company also noted that it makes cash from other tactics on its platform, including:
LONDCAP further revealed that it intends to provide loans later as an agent lender, which will generate additional interest income. Funds from the Seedrs round will be used to continue the growth and development of the LONDCAP platform. The company is now offering 9.09% in equity at a £1 million pre-money valuation. The campaign is set to close at the beginning of October.
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