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Australian Fintech Nauticus Targets $25 Million in Equity Raise

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Melbourne fintech Nauticus Blockchain has targeted a $25 million equity raise to fulfill its vision for low cost, borderless financial transactions.

The company launched in 2018 and has amassed a 50,000 strong community across Facebook, Telegram and Twitter, who help guide the development of its products. Trading on its digital currency exchange went live in the fourth quarter of last year. It now offers 17 currencies and AUD with more added each week.

The funds raised will enable Nauticus to onboard 2.9 million users by 2022 and support an extensive cross-platform marketing spend, cross jurisdiction banking and financial licenses and to expand the team internationally. Conservative discounted cash flow analysis values the business post raise at $74.2 million.

“We urge people who share our vision of ethical, low cost and borderless finance to join us on this journey,” CEO Bryan Ng said.

The head of accounting firm First Accountants, Ng founded the company after watching his overseas born staff members struggle with high fees as they wired money to their families.

“Imagine what a difference it would make in a developing country if 100% of the money arrived in the local economy, rather than 90-95% after the wire transfer companies have taken their cut,” he asked.

With 280,000 accounts in 84 countries around the world, Nauticus is well on its way to becoming Australia’s first globally focused digital currency exchange. The team draws talent from National Australia Bank (AUS), ANZ (AUS), Goldman Sachs (UK), Bank of Melbourne (AUS), Accenture (USA), News Corp (AUS) and Telstra (AUS).

Nauticus is built on the twin foundations of security and compliance, a key requirement as the company moves into securities trading, FOREX and international remittances later this year. Nauticus is regulated by AUSTRAC and is an authorized representative of an AFSL licensee, enabling it to tokenize assets and company shares.

The intuitive mobile app has just been submitted to the Google Play store. Based on the Easy Trading Wizard, it aims to making trading digital currencies, FOREX and international payments as simple as possible for newcomers.

 

SOURCE NAUTICUS

 

 


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CCELL®

CCELL Launches Environmentally Conscious Eco Star AIO Vaporizer

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SHENZHEN, China, April 15, 2024 /PRNewswire/ — CCELL®, the world’s leading technology brand focused on creating trendsetting vape hardware products and advanced vaporization technology, today announced the launch of the Eco Star, the company’s all-in-one vaporizer focused on sustainability, wide-ranging oil compatibility, and ease of use.

The Eco Star’s casing material is made of biodegradable and plant-based PLA, a material that can be decomposed by bacteria or other living organisms. By adopting this type of eco-friendly casing, CCELL seeks to provide an option that can reduce the cannabis industry’s overall environmental impact and build a more sustainable society.

Built within the casing is a removable and recyclable lithium-ion battery. This thoughtful pull-apart design allows consumers to easily remove the battery before disposing of the casing, empowering them to contribute towards a greener Earth.

The Eco Star also features complete compatibility with all types of cannabis oils, clog-free dual air vents, and an isolated airway that ensures the cleanest possible vapor.

With increasing environmental challenges worldwide and tightening regulations on vape products, the Eco Star was introduced with the intention of raising environmental awareness across the industry.

The company has also implemented other measures to align its practices with its long-standing sustainability-focused values. These include offering biodegradable and plant-based PLA mouthpieces among its customization options. Additionally, the company uses energy-efficient aqueous processing in producing its patented ceramic heating cores to reduce greenhouse gas emissions.

Before the product’s official launch, CCELL provided their customers and consumers with an early look at the Eco Star at TPE24 and Hall of Flowers Ventura in the US, and Spannabis Barcelona in Spain.

Disclaimer for battery disposal: CCELL does not recycle lithium-ion batteries. Battery recycling requirements may vary by country, city, etc. Please contact your local recycling center for more details before disposal.

About CCELL®

CCELL® is a technology brand and global innovator in the portable vaporizer space that revolutionized the industry by introducing the ceramic heating component. CCELL® was born in the headquarters of Shenzhen Smoore Technology Limited, which has more than 10 years of expertise in the vaporization industry. With advanced R&D resources, patented technologies, strong production capabilities, and reliable quality control systems, CCELL® is recognized around the world for its exceptional vaporization technology and top-quality devices.

Learn more about CCELL® at www.ccell.com as well as on LinkedIn, Instagram, Facebook, Twitter, and YouTube.

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Cision View original content:https://www.prnewswire.co.uk/news-releases/ccell-launches-environmentally-conscious-eco-star-aio-vaporizer-302116454.html

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