The financial and travel technology startup has partnered with Fundsquire to fuel its operations and growth in 2020. Fundsquire provides advanced research & development funding for growing and innovative companies such as Pelikin.
The timing of this partnership with Fundsquire could not have been more perfect for the young startup who by accessing the quick, easy and cost-effective funding source were able to concentrate on the growth of its value proposition and its customer base, which has now taken the Pelikin Travel Card to over 60 countries across the globe.
As a result of the newly identified funding source, the Pelikin board has decided to make some amendments to its currently live capital raising offer. It is expected that towards the end of March 2020 a fresh investment offer and relevant materials will be made public for all to review via the CRIISP Platform or by corresponding directly with the company.
An overhaul of the Pelikin CRIISP Profile is underway to include product growth, team additions and further details on the strategic growth plans of the company.
It has been an explosive start for Pelikin in 2020, having seen acquisition and transaction volumes increasing across the board, as well as growth of ancillary product offerings such as its own Travel Insurance product and a Discounts Marketplace (aka Squad Perks).
Following its late 2019 public launch Anthony Jones, Visa’s Head of Innovation and Partnerships, Australia, New Zealand and South Pacific said, “Australians are known for their love of travel and their appetite for innovation. Today’s news from Pelikin speaks to both of these, and we’re excited to work with the team as they continue to find ways to enhance the travel experience through convenient and secure payment solutions”.
Expect more partnership announcements in the coming weeks as Pelikin looks to impact the travel and travel money market in the lead up to the seasonally driven peak travel period.
More on Pelikin click here.
More on Fundsquire click here.
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.