Australian digital currency platform igot.com has secured funding as it gets ready to spread its wings in the evolving virtual currency market.
Launched in January this year, igot.com has managed to secure prominent US entrepreneur Jesse Chenard as both a major investor and company advisor.
Mr Chenard is the co-founder of Tremor Video
South Australia-based igot.com, established by Australian entrepreneur Rick Day and New York lawyer Patrick Manasse, allows users to buy, sell and send cryptocurrency.
The company is one of few digital currency providers to feature BPAY and direct debit facilities, allowing for efficient and trusted fund transfers directly to and from users’ bank accounts.
According to Mr Day, cryptocurrency is a relatively nascent space yet to be tapped by the global marketplace.
With user demand for services to support the safe trading of digital funds on the rise, Mr Day said igot was aiming to fill this gap in market at a very low cost to the consumer.
“Although it’s early days, securing the support from well known investors such as Mr Chenard is a positive step forward in our company’s growth and our plans to break into the new and emerging market of cryptocurrency,” he said.
Over the next 12 months, igot plans to expand in both the Asian and European markets, as well as offer the top 10 cryptocurrencies for users to trade, exchange, sell or buy.