Bubblr Inc., an ethical technology company focused on the development and commercialization of mobile-first technologies, today announced Bubblr, Inc has signed a contract with Wefunder.com to raise $20m via their well-regarded crowdfunding portal.
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Wefunder, Inc. and Wefunder Portal LLC operate the website located at www.wefunder.com. The Company’s mission is to connect entrepreneurs (“Founders”) who are working on innovative new businesses (“Startups”) with people who may be able to provide financing, advice, and other support to those Startup (“Investors”). Among other things, Wefunder offers valuable web-based tools to facilitate fundraising by Founders for their Startups. Wefunder also provides supplementary materials that educate both Founders and Investors about the nature of entrepreneurship, the process, and challenges of investing in startup companies and “crowdfunding” – the funding of a project or venture by raising small amounts of money from many people.
Bubblr, Inc and Wefunder.com have been in the negotiation of this contract for over three months and both parties are delighted to have completed the negotiations to a very successful conclusion. Wefunder.com is an accredited B-Corp organization and, as such, is in complete alignment with Bubblr’s ethical technology values.
Separately, our current expectation is for the external audit process currently underway with Pinnacle Accountancy Group of Utah to be completed sometime in August 2021. As soon as the audit has been completed, Bubblr, Inc. will immediately file the Reg A application with the appropriate listing organization which will launch the Wefunder process.
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When Bubblr, Inc. was first listed on OTC Markets in December 2020, it arrived with nearly 500 small investors, which was an unusually large number of small investors. These early investors have demonstrated great belief in the ambition and purpose of Bubblr, Inc. and have proved to be great advocates and supporters of the Company. Our hope is that the new investors that will be introduced by Wefunder.com will be similarly motivated supporters of our cause.
Bubblr, Inc. considers this event to be a very significant step towards our ambition to become a fully listed Company on NASDAQ within eighteen months.
Steve Morris, Chief Technology Officer of Bubblr, inc. stated:
“We are very pleased on many fronts, and the opportunity to work with such a fine Company like Wefunder is both exciting and opportunistic for the Company. Capital is the fuel that drives all engines and ours in no different. We will keep the public up to date under the formal FD Rules as we pursue this form of equity financing.”
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