Topic: [INVESDOR] Bittiraha.fi - Bitcoin services since 2012 - page 2. (Read 5605 times)

Less than 4 weeks left to invest! It's completely possible that our company is not raising money via crowdfunding again which means that for small investors this is the only shot at getting on board.

https://www.invesdor.com/finland/en/pitches/427

Update on our product development. Within 2 weeks we will launch a new exchange service under Bittiraha.fi. It's a service that allows the instant purchase of bitcoins.

This service you do not register to. You do not fill forms. You do not start looking for your credit card numbers or online banking codes. Just a couple of clicks, and you have coins. I have not seen anyone in the world enable a fiat -> bitcoin exchange service with as low friction as this service has, and I'm waiting for the launch eagerly.

This service is such that we're looking at launching an international version of it as soon as possible.

Invesdor is the first equity crowdfunding platform in Europe to get EU license.

https://www.invesdor.com/finland/en/media/news/327

The vast majority of under 50 year old people speak atleast some english.

This operation is very worthy of consideration in terms of investment as they have the whole of Finland under their belt and likely more. Never been there nor have dreamt of it but I'm thinking of it and owning a share or two. I just hope many people there speak english.

Funding round update!

- 63 000 € raised.
- 42% of minimum goal reached.
- 71 investors.
- 35 days left to invest.

https://www.invesdor.com/finland/en/pitches/427

Thanks for the info, i will try one the next time im over in Finland, we only have two bitcoin ATMs awaliable in Sweden sofar i think, one on Hilton Hotel in Stockholm and another one in bitcoinambassaden also in Stockholm.

57 000 € funded so far. That is 38% of our minimum target. 39 days left to invest.

We have now launched the next generation Physical Bitcoin! The website is https://denarium.com/.

Official press release can be read from the Bitcointalk thread: https://bitcointalksearch.org/topic/ann-denarium-launches-the-next-generation-physical-bitcoin-1019684

The 10k minimum is simply a total minimum for us to take bitcoin investments directly (not through Invesdor or alcurEX). If you invest through Invesdor (which is the #1 method), it is EUR only with a minimum of 335 EUR. If you invest through alcurEX, you can invest with small bitcoin amounts.

All our ATM's are listed at https://bittimaatti.fi/locations?&lang=en. All 8 are located in Finland.

We're soon going to launch our first fully international brand & product line by the way. I'm very excited about this. Months of work and it's almost here. I'll announce it soon.

About shares on alcurEX.
You can buy under 20 amount. (min. around 0.0001 Share)
If total sale reach 20 shares..  over 20 shares is already sold
we will register those via invesdor IPO and that way it will help to get min 10K sale.

is the requirement still the equivalent of over 10k EUR minimum if one registers at alcurex and buys shares there or can one buy in batches of 20 shares on alcurex or maby there is no restriction there so one can buy 9 shares, 57 shares or 1234 shares or something like that ?
Is there any list where you have ATMs so people can support the company they invests in by using there services, is there any close to Sweden or in places frequently visited by Swedes like Åland, turkku/Åbo, Helsinki/Helsingfors maby ?

For anyone interested in investing in Bittiraha.fl's IPO with Bitcoins. In collaboration with Bittiraha.fl,
Alcurex exchange is now offering this opportunity to anyone who wishes to buy Bittiraha shares with Bitcoins.

Buy with bitcoin here : Bittiraha - BTC

We are "making money" in the sense that we have growing revenue and sales. Our commission sales (which are on average 2.5% of the trading volume in our services) have increased yearly from 40k€ to 200k€ to our current 300k€. For a startup company this is more important than making a profit.

At the same time we've recruited more people to our team. Currently we have a 10-people high level team with 3 working full-time and the rest part-time. We have also made investments to Bitcoin ATM's.

We have by far the most known Bitcoin brand in Finland and we're also the clear market leader here in terms of users and sales. We have upcoming international services such as the next generation Physical Bitcoins we're unveiling next week. In general we have solid plans for significant growth.

Our most exciting project at the moment is something I can only hint at, due to it being a bit sensitive. Personally I think this could be our chance to really make it big. I can only say that it involves sending & receiving Bitcoin transactions offline. The creator of "Kryptoradio" works in our company and the technology I'm talking about isn't Kryptoradio. It's Kryptoradio on steroids. Something no one has thought of yet (except us).

I can talk more about this "secret project" but only with serious investors who are looking at investing 10k€ or more. And with NDA signed of course.

So if you are making no money where is this valuation coming from?  Surely your assets aren't worth north of 3million?

Goodwill?  Sorry, people don't pay for that anymore.

In terms of valuation we can look at past performance as a benchmark. Our company valuation has approximately doubled every year. In our first funding round in early 2014 we were valued at 1,5 million EUR and now we're valued at 2,75 million EUR. In years 2012 & 2013 we didn't have an official valuation but my estimate is that it has doubled every year.

The only sensible way to calculate annual ROI is the appreciation of our valuation since we are not aiming at making a lot of profit now and giving out dividends or something like that. We consider a break-even result a good one at this stage, since we're in it for the long haul. Any profits we make are primarily turned into spending that can help us grow more.

It is of course planned that this stage will end at some point but right now there is so much potential for growth that aiming at anything else would not be a sensible long term strategy.

What would be my expected annual ROI on 200 shares for example?
I know this depends on market conditions but I would like to hear your best guess.

It's nice to hear that you're interested!

You can check our full pitch at https://www.invesdor.com/finland/en/pitches/427. Simply register to Invesdor (free & no obligations) and go through our presentation. There is also some additional information in the Investor Forum.

Is there a link to a proper business plan and revenue projections?

You mentioned a forecasted loss in year 1, what is my forecasted ROI, what % of company is being sold?

Thanks for the comments^^ and I guess the best thing investors can hope for is a very talented team that is doing all the necessary things to make the future brighter.