Pelikin has recently secured 20% of its current fundraising goal via single Australian based sophisticated investor.
The fintech startup is raising a minimum of A$2,000,000 to rapidly expand all facets for it’s business. Key areas of focus will be driving customer acquisition to achieve market fit in the Australian market, executing the product roadmap to broaden the Pelikin value proposition and New Zealand market entry along with investigations into other markets across Asia and North America.
With A$400,000 secured, Pelikin is determined to welcome additional value-adding investors to it’s team who share their vision of empowering young people to achieve their travel goals.
Pelikin is a multi-currency free banking app and pre-paid Visa card for young travellers. It helps millennials spend, send and manage their cash money overseas, without bank fees or annoying red tape. After nailing down partnerships with Heritage Bank (ADI) and Visa, and following a successful global product beta , the Melbourne fintech is set to launch in Q4 2019.
Pelikin is currently raising A$2 million to boost customer acquisition and product development, with an eye on the NZ and US markets.