Bankera is a digital financial technology solution platform. The money was raised through the sale of 2.5 Billion Bankers (BNK) tokens at €0.01 each.
With DigitalX as its corporate adviser, Bankera held the token sale to fast track the development of a "digital bank" for consumers operating in the blockchain era.
“This announcement is an exciting milestone for Bankera,” said Leigh Travers, chief executive of DigitalX. “The result of its latest pre-ICO round is testament to the strong interest and demand for the project being developed. At the same time, we’re excited to see how Bankera will disrupt the traditional banking sector with its innovative blockchain-enabled innovation.”
"The opportunity lies with the millennials — the 15-30 age group — who are taking a massive interest, with investors keen to support projects using blockchain technology that replace intermediaries and middle men organisations across finance, gaming and the supply chain," he said.
Bankera’s "digital bank" will provide traditional banking and investment banking services to the blockchain marketplace including payments, loans and deposits and investments.
In particular, it will offer businesses instant payment settlements - using advanced proprietary know-your-client and fraud detection solutions - to collect information about the incoming payments and automatically settle transactions which otherwise could take weeks.
Bankera expects to raise more funds through an ICO at a price of €0.017 in the near future and expects to receive a banking licence by 2019.
Travers said Digital X was the world's first blockchain technology company to be listed on a major stock exchange, listing on the ASX three years ago.
The company is involved with the entire ecosystem of the digital currency, having previously established one of the largest bitcoin mining services.
He said the company had operated one of the largest bitcoin trading desks in the world and supplied the first regulated institution with bitcoin.
DigitalX, which has offices in Perth and New York, also developed the world's first remittance mobile based app using blockchain, Airpocket, and is currently acting as corporate adviser to a growing number of companies looking to raise capital via an ICO, such as Bankera.
Asked about the issues with cryptocurrencies in China, Travers said: "I do think the China ban is temporary and has cooled the market to ensure there is no crash. The news will ensure that the ICO and cryptocurrency market remain strong over the long term.
"Chinese regulators are taking the appropriate time to review future regulations to both foster innovation and protect buyers. In the meantime, Chinese investors are looking outside China for quality international projects which are receiving much greater exposure."