Crowdfunding
Useme.com Wants to Raise 2.5 million through Crowdfunding and Go Public in 2023
In the first half of 2021, Useme S.A. generated $6.36 million (25 million zlotys) of revenue, with a dynamics of +86% compared to the same period of 2020. Forecasts assume that by the end of this year, the company’s net revenue will exceed 54 million zlotys, in 2022 it will be nearly $22.6 million (89 million zlotys), and in 2023 – over $40 million (157 million zlotys).
Useme S.A., a leader in remote work billing in Central Europe, has launched a share issue under equity crowdfunding. The company aims to raise $640,000 (PLN 2.5 million) for international expansion and technology development. By the end of 2023, Useme S.A. is considering a debut on the stock exchange.
Read more about Useme’s crowdfunding campaign and find the most important business headlines in the world with the Born2Invest mobile app.
Useme S.A. has launched a share issue through equity crowdfunding
Useme’s campaign is promoted by the Crowdway platform. Subscriptions for shares started on Wednesday at 9:00 am.
The fintech company, which for nearly 8 years has offered Useme.com, Central Europe’s most popular platform for easy settlement of remote work between freelancers and contractors, plans to raise a total of $640,000 (PLN 2.5 million). $380,000 (PLN 1.5 million) will be spent on foreign expansion, and PLN 1 million on technological investments, including automation of settlements.
“Useme’s foreign expansion strategy was preceded by market research, team training and test marketing campaigns. We are well prepared to scale the business. By 2025, we want to increase the share of revenues from abroad from the current approx. 20 to 50% of all company revenues. We are primarily interested in the markets of Ukraine, Romania, Russia, and the Balkan countries. At the same time, we will intensify our sales activities aimed at winning customers from Western European markets,” said Przemysław Głośny, CEO of Useme S.A.
The funds raised by crowdfunding will also be used to expand the IT team and implement new solutions. The first direction will be the automation of contract settlements, which will accelerate their service without increasing employment. In 2022, the company wants to enable settlements in cryptocurrencies.
“As a technology company, we are constantly developing our platform. In 2020-21, we completely rebuilt it, actually writing it from scratch. We completely changed the layout of the service, user paths, visual identification. As a result, in spring 2021 we debuted the platform, which is ready for further development. Taking into account the convenience of users and security of transactions, we will introduce top-class fintech solutions,” added Przemysław Głośny.
In the first half of 2021, Useme S.A. generated $6.36 million (PLN 25 million) of revenue, with a dynamics of +86% compared to the same period of 2020. Forecasts assume that by the end of this year, the company’s net revenue will exceed $13.7 million (PLN 54 million), in 2022 it will be nearly $22.6 million (PLN 89 million), and in 2023 – over $40 million (PLN 157 million). The Useme.com platform has a total of over 150 000 registered users, of which over 60% are active users of the service.
__
(Featured image by Cristina @wocintechchat.com via Unsplash)
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Comparic, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
-
Fintech2 weeks ago
Fintech Company Solaris Receives 96 Million Euros from Investors
-
Business5 days ago
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [MegaPari Partners Affiliates Program]
-
Impact Investing1 week ago
Urban Micromobility: +40% Zero-Emission Rides in Italian Cities
-
Impact Investing3 hours ago
WembraneX Secures €350,000 Investment from Progress Tech Transfer Fund