BABB has successfully completed its equity crowdfunding through Crowdcube, raising more than £1,400,000 from 1,232 investors.
The funds will be used to support BABB’s applications for banking licences in the UK and Lithuania.
BABB is building a decentralised platform using blockchain and biometrics technology, to provide mobile banking services to empower the global micro economy and tackle one of the world’s biggest challenges: how to effectively connect unbanked people to the economy.