Five Startups Hit USD 1 Million on Crowdfunding Platform
Republic, an investment platform that enables anyone to invest in startups, announces the expansion of the company’s Note reward token program and the first five companies selling equities are set to raise $1 million. The Note rewards Republic users for supporting the global startup ecosystem. With the program’s expansion, users now have a multitude of new ways to earn Notes and use them for rewards on and off Republic.
Since the program launched, millions of Republic Notes have been distributed, thousands of users acquired, more than 300,000 users have participated, and five startups have successfully raised $1 million on Republic’s platform.
Accessible even to those without a digital wallet, the Republic Note rewards users, investors, and partners for activities taken on Republic.
“This is an important milestone in Republic’s history,” said Shrina Kurani, Vice President of Business and Head of Tokenization at Republic. “It marks the first time that a company, outside of those involved in crypto/blockchain technology, has raised a million dollars on our platform and it’s not even one company – it’s five, all within a few months of our digital token Note launch. This reinforces that startups can successfully raise money from the crowd, and we’re pleased to roll out even more rewards as part of our program to encourage more investors and partners to join the startup ecosystem.”