Heliocor raises £1.93 million in tokenised preference shares

Heliocor, the emerging RegTech restoring trust in financial services, taps revolutionary new pathway to funds; raises $2.5m in tokenised preference shares City of London based regulatory technology company Heliocor announces that it has raised $2.5m in scale up funding from High Net Worth investors using a brand new and potentially disruptive investment process. This is the first time this funding process has been used in the UK.

The funding was achieved through the first of a series of preference shares offers in terms of which:

• investors participate in 20% of Heliocor’s future profits after tax; and

• their investment is represented by a digital token, using blockchain technology, rather than just a paper certificate, potentially providing significant liquidity should that digital token be listed.

The funds raised are to be used to enhance the core products built by Heliocor’s Barcelona Technology Development Centre; launch and build the Dokstor app as a consumer brand; and accelerate international sales of RoboliticsTM, the high-speed data analytics engine.

The offer was made in part through Globacap’s fundraising platform (www.globacap.com) which uses a combination of public and private blockchains to create digital securities and in part by private placement. Globacap is an FCA regulated arranger and custodian, having progressed through the FCA’s regulatory sandbox programme.

Heliocor has now begun promotion of the next round of its preference share offer, marketing exclusively to sophisticated/qualifying investors, to raise up to an additional $15m. In addition to bolstering its current offices in London, Barcelona and New York, that funding is intended to establish new sales offices in Singapore, Hong Kong and India in 2019.

Owen Hall, CEO of Heliocor, commented, “We have decided to address a big and important global problem: tackling digital identity fraud and restoring trust in the system. It’s a big challenge, but one that Heliocor has the experience, the products and team to solve. We thank our investors for expressing their confidence in our vision and embracing blockchain technology as the conduit for funding to support our ambitious growth plans.”

Media Contacts

Roderick Cameron, Chief Strategy Officer, Heliocor Ltd, 20 Birchin Lane, London, EC2V 9DU
[email protected]
@RodCam24
+44 (0)203 006 6412
or

Elly Zhang, Director of Partnerships, Heliocor Ltd
[email protected]
@cryptovenus
+44 (0)203 006 6411

Investor Contacts
Vikas Tripathi, Managing Director, Heliocor Ltd
[email protected]
+44 (0)203 006 6405

Notes to Editors:

About Heliocor
Heliocor’s mission is to radically reduce and potentially eliminate the $100 billion+ annual cost of fraud globally by building an anti-fraud ecosystem based on its existing products.

Today, Heliocor’s core product is RoboliticsTM, a high-speed data analytics engine, that helps financial institutions manage their compliance more effectively and much more cheaply than other solutions. Its proven technology, using AI, neural networks and machine learning, is working in Tier 1, 2 and 3 financial institutions today. Heliocor also supports clients with Know your Client (KYC) and Anti Money Laundering (AML)) onboarding via its Dokstor software which uses blockchain encryption. Dokstor is available as an API (linked to RoboliticsTM) and as a standalone App (in both the Play and App Stores).

Combining the two developed and delivered products with the leveraging power of blockchain, Heliocor intends to build world’s first global anti-fraud ecosystem to radically reduce and potentially eliminate identity fraud.

Partnerships/Awards:
• National Finalist, Tech Nation’s Rising Stars 2019
https://technation.io/news/announcing-the-20-tech-startups-set-to-pitch-at-therising-stars-grand-final/
• Winner, Most Promising KYC/AML/Compliance Checker for Security Tokens at
‘Security Tokens Realised’ Jan 2019
https://thefintechtimes.com/event/security-tokens-realised/
• PwC Winter18 FinTech Scale Up Programme
https://www.pwc.co.uk/press-room/press-releases/PwC-announces-cohort-forScale-FinTech-programme.html
• Cohort 11, Mayor of London’s International Business Growth Programme
http://gotogrow.london/
Web resources:
• Twitter @heliodid
• www.heliocor.com
• www.robolitics.com
• www.dokstor.com
• Video introduction to Heliocor’s Mission – https://vimeo.com/305081807
• Video explaining our Anti-Fraud Ecosystem – https://vimeo.com/305083454
• www.globacap.com

Manoj Ranaweera

Manoj has founded, failed and successfully exited from a number of technology product companies as well as support organisations since 2004. Among them, Northern Tech Awards and edocr.com were acquired by GP Bullhound and Accusoft, Inc respectively. Today, Manoj is building a trusted support network for technology companies. He is working with founding teams to help them accelerate including raising investment and M&A.