From: Franklin Peters on behalf of the entire Bitfxt Technology team
To: All Bitfxt Users
Subject: UPDATE ON OUR FUNDRAISING
Date: 4th July, 2020.
Hello and welcome to the month of JULY!
Every startup’s Dream:
As a startup, we got to the point where we needed to scale to match the rapid increase of our user base and offer better services to our community.
On the 14th of February 2020, we released an official statement that we have reached a fundraising agreement to the tune of $15,000,000 with a UK-based hedge fund syndicate. We hoped, among other things, to build a huge capital base that would give us adequate liquidity to fulfill all customer orders as well as strengthen our services by getting a full banking license.
However, we are unable to move forward with the fundraising deal due to unforeseen reasons hence, Bitfxt has officially pulled out of the funding deal and partnership with Pay It Up clearing house UK and any of her subsidiaries.
We are still open to funding, partnerships and collaborations.
Franklin Peter - Odoemenam
CEO, Bitfxt Technology Ltd.
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