30 Jun '15, 3pm

Tibdit Raises £122,000 for Bitcoin Tipping Platform

Tibdit Raises £122,000 for Bitcoin Tipping Platform

Bitcoin micropayments startup Tibdit has raised £122,080 in seed capital through a crowdfunding campaign. Founded in September 2013 , the London firm lets users send bitcoin tips or 'tibs' between £3–£70 to content producers. As a result of the raise, which took place on equity crowdfunding platform Seedrs , 161 investors will receive 15.03% equity in the firm. Speaking to CoinDesk, Tibdit co-founder Justin Maxwell said the company's decision to use Seedrs reflected the "democratic" ethos of its business. "Micropayments made via Tibdit are inherently very 'democratic', providing an opportunity for everyone whether they are the online equivalent of buskers [or] mainstream content providers." Roughly half of its money will go towards additional features, while a third will be used to expand the handful of sites that currently support Tibdit. The remainder will cover operatio...

Full article: http://www.coindesk.com/tibdit-raises-122000-for-bitcoin-...

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