London based new crowdfunding platform, LEOcrowd launched globally from Stockholm, Sweden last week. The platform, which uses cryptocurrencies to carry out funding, was designed specifically for entrepreneurs and those with creative ideas to source alternate finance to fund their projects. The LEOcrowd crowdfunding platform was born out of Learning Enterprises Organisation Ltd a global online business training company, and the creators of the digital currency, Leocoin.
LEOcrowd General Manager, David Johnstone explained: “LEOcrowd is more than just another crowdfunding platform, it is a community devoted to bringing creative ideas or start up business to life. We want to help launch tens of thousands of businesses around the world. Access to finance for startup businesses or those with great ideas has become increasingly difficult and we provide the solution”
Based in London’s Tech city, the hub of the business startup community, LEOcrowd operates a REWARD based crowdfunding model. Through its relationship with Learning Enterprises Organisation, it has a global footprint in 140 countries already. It facilitates payment through cryptocurrencies such as bitcoin or LEOcoin, bringing all the benefits of blockchain technology. Access to digital currency fundraising will enable projects to be more global and help strip down financial barriers typically in place when raising capital internationally. The platform, currently in its soft-launch phase, currently hosts several projects in the process of fundraising.