EL&C Baillieu leads SendGold wholesale funding round
December 11, 2019
SendGold receives investment from Melbourne-based family offices led by leading wealth management firm EL&C Baillieu.
SendGold is pleased to announce that it has received an investment from several Melbourne-based family offices in a round led by EL&C Baillieu. This investment is in addition to the current crowdsourced funding (CSF) round that is open on the Birchal funding platform until Thursday 19th December.
“In my opinion, fiat currencies are faith documents; crypto currencies are faith data signals”, stated Andrew Hellier, EL&C Baillieu. ”However with simple commodity exchange in the palm of your hand, based on 100% physical gold, SendGold may just be onto something.”
Funds raised will be used to drive transaction volume over the next 12 months. Just this week SendGold went live in the United Arab Emirates, the centre of gold trading throughout the Middle East region.
Jodi Stanton, SendGold CEO said, “More and more the penny is dropping for consumers as it has been for sophisticted investors. EC&L Baillieu has been through every market high and low from as far back as 1889. We are delighted to have such a pretigious wealth management firm in our corner.”
Hellier continued, “If the engine of fintech disruption is technology, the fuel of fintech disruption is the growing customer awareness of unjustifiable intermediary costs. Good ideas always find an audience.”
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