BUTTON Raises $20K in Pre-Seed Funding

BUTTON BLOCKCHAIN TECHNOLOGIES (BUTTON) announced that it has successfully raised $20,000 USD in a pre-seed round and has joined the second class with Boston’s accelerator Play Labs. The company offers a financial technology platform for personal cryptocurrency fiscal management and develops corporate blockchain solutions for tokenized projects accessible through Telegram messenger. Play Labs accelerator is a private accelerator run by Bayview Labs (investor in Twitter, Facebook).

BUTTON is developing a multi-cryptocurrency wallet and exchanger based on Telegram - a key communication platform for the cryptocurrency and blockchain sector. The wallet also provides access to a decentralized exchange and other services. The company's goal is to create a convenient and secure product for retail customers. In addition, BUTTON is developing a corporate platform for customers’ relationships and communication for tokenized projects and plans a full-fledged launch of the corporate solution in early 2019.

At the initial testing stage, BUTTON attracted over 7,600 beta users, with 12% being active (conducting transactions, either transfers or cryptocurrency exchange transactions).