Hello.app Announces Crowdfunding Worth 300,000 Euros

Hello.app, the app promoted by Álvaro Pintado and Alexander Baikalob, announces that it will allocate a total of 300,000 euros for crowdfunding, with the possibility of expansion based on demand. The crowdfunding campaign, which will open on March 20th on the Seedrs platform, will require a minimum investment of 1,000 euros.

Its CEO, Álvaro Pintado, has clarified that the main objective of this financing technique “is to be able to release the app as soon as possible on Google Play and IOS so that users can not only upload information, but also store network data in exchange for a monetary reward.”

The platform has taken several strategic steps in recent months: from the purchase of a domain worth 107,000 euros to the opening of a seed financing round worth 2 million euros, through an investment round of 170,000 euros.

At the moment, hello.app already has investors such as IESE, ESADE, Castiventures and Bcombinator. Added to these tactics is the opening of crowdfunding, which will allow the startup to get a little closer to its goals: reaching a value of one billion euros in the next 3 years.

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hello.app, future competitor of Google Drive or Dropbox

As Álvaro explained, “in a short time our devices will be able to replace large centralized server farms.” hello.app is a geo-redundant, encrypted, open source web3 ecosystem controlled by the users themselves that was created with the aim of storing data in a different way, particularities that make it the first software that complies with all these characteristics throughout the world.

“If people could see on a screen the real monetary value of what their information on the Internet is worth, they would give it much more importance”

Álvaro Pintado Santaularia, CEO who started this startup when he was 17, explained that “if people could see on a screen the real monetary value of what all their information on the Internet is worth, they would give it much more importance, because that is exactly what they find we’re going to show it to the users.” Apparently, it is paying off: a total of 150,000 users have already joined hello.app and the platform has experienced a growth of 2,500% in just 3 months.

“The proposal made by this software aims to revolutionize data storage as we have conceived it until now. One of the main characteristics is that it is decentralized: the data is distributed across multiple devices and not in a single company. In fact, users can give up excess space on their own cell phones or tablets in exchange for money, or they can pay for new space. “It is a must for those who prioritize security when storing their data, since, being distributed and not centralized, tracking or cyberattacks are much less likely,” says Pintado. This also allows “more sustainable storage and the use of space on own devices, which on many occasions remains unused,” added the CEO.

Another feature which attracts the attention of new users is that the hello.app is open source, so users have complete freedom when proposing changes or contributing something to the app. “This allows us to transmit a lot of transparency and denotes a gesture of receiving support from the community and getting involved in the project in a more active way,” explained Pintado.

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(Featured image by Vika_Glitter via Pixabay)

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First published in LARAZON. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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