A new fundraising campaign for Fintech firm Lanistar has been announced, and it will be run by Nextfin (a part of Business Agent Limited). A lot of attention was paid to Lanistar earlier this year, which resulted in a huge increase in popularity. For those who have never heard of Lanistar, they are a social media-focused fintech firm that provides a new banking option. The business has developed a polymorphic payment card that can hold up to eight cards.
In the first nine months before its launch, Lanistar had 1 million pre-registered users with a substantial social media following. In its first year of trading, N26 had 200,000 customers and was valued at $9 billion; Monzo had just under half that number and was valued at $2 billion. Aiming to issue 9 million cards in the first year of trading, Lanistar says it plans to issue another 15 million in the second year of trading, compared to N26’s 7 million customers after 7-8 years.
The Fundraise Campaign will begin on November 15th, 2021, at 18.00 GMT, with a pre-registration campaign offered to a select group of investors. The Fundraise Campaign will begin Monday 29th November 2021 at 12.00 GMT. Lanistar is expecting that these potential investors will be drawn to the company’s already impressive accomplishments through this exclusive offering. More than 3,000 people are participating in the company’s marketing campaign, and the results have been amazing. When compared to prominent Fintech business, Monzo, Lanistar has accumulated 257k Instagram followers in the last year, while Monzo has gained 63k followers over the course of seven years.
Investing in Lanistar now, before it launches, is a very promising opportunity, according to Lanistar, and shares are expected to be in high demand.
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Additional details have been provided, including plans for product innovation and expansion worldwide.
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According to the company,
“We have had our challenges in 2021 that is for sure, but the continued dedication of our team and support of both Social Influencers and Customers has got us to the point of launch in Brazil and the UK, while continuing to increase our pre-launch customer base. These are exciting times, and this fundraise will be the fuel to drive us forward through launch and toward our aim to become a global presence in the payment card market.”