Heliocor, the emerging RegTech restoring trust in financial services, taps revolutionary new pathway
The funding was achieved through the first of a series of preference shares offers in terms of which:
· investors participate in 20% of Heliocor's future profits after tax; and
· their investment is represented by a digital token, using blockchain technology, rather than just a paper certificate, potentially providing significant liquidity should that digital token be listed.
The funds raised are to be used to enhance the core products built by Heliocor's Barcelona Technology Development Centre; launch and build the Dokstor app as a consumer brand; and accelerate international sales of RoboliticsTM, the high-speed data analytics engine.
The offer was made in part through Globacap's fundraising platform (www.globacap.com) which uses a combination of public and private blockchains to create digital securities and in part by private placement. Globacap is an FCA regulated arranger and custodian, having progressed through the FCA's regulatory sandbox programme.
Heliocor has now begun promotion of the next round of its preference share offer, marketing exclusively to sophisticated/
Owen Hall, CEO of Heliocor, commented, "We have decided to address a big and important global problem: tackling digital identity fraud and restoring trust in the system. It's a big challenge, but one that Heliocor has the experience, the products and team to solve. We thank our investors for expressing their confidence in our vision and embracing blockchain technology as the conduit for funding to support our ambitious growth plans."