Revuto Closes Private Funding Round Worth $1.7 Million Ahead Of Upcoming Public Offering

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Backed by leading angel investors and firms, Revuto will soon launch its Cardano-based dApp to simplify payments for subscription services. The team has raised $1.7 million from its recent private funding round to continue developing the app.

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Revuto’s dApp Will Disrupt The Subscription Economy

The rising acceptance of cryptocurrency subscriptions across mainstream platforms like Netflix, Hulu, and others, demands a robust solution that ensures hassle-free payments at the lowest costs. To address this, Revuto, a blockchain startup, is building a dApp for the Cardano ecosystem.

Revuto is developing a dApp to help you monitor all of your subscriptions using the decentralized Cardano blockchain. From OTT subscriptions to SaaS, you can use the Revuto dApp to handle all your recurring payments for almost every platform. As Revuto leverages Cardano native tokens and DeFi to pay for subscriptions, users will save more regardless of the price changes in the crypto market.

The platform’s innovative user-centric idea alongside various features and rewards has already created quite a stir in the blockchain universe. While the app is still under development, Revuto has amassed more than a million sign-ups through its referral program. Following its announcement of the upcoming public sale of the native REVU tokens on May 18, the team behind Revuto has successfully raised $1.7 million from a consortium of top-level investors from its recent private funding round.

The private funding round, backed by BlackDragon, attracted massive participation from the most prominent VC firms and investors. The team behind BlackDragon believes in Revutu’s mission and understands its potential to disrupt the subscription economy. BlackDragon’s spokesperson added, “their stellar team has shown unparalleled growth in a very short time – and we’re excited to join the team in this journey and support Revuto and their native token REVU. We invest hours of dedicated research to provide our community with the average ROI of 40x – and Revuto is exactly what we are looking for.”

Revuto’s digital wallet will use Cardano’s scalable infrastructure to enable users to pay for real-world necessities using cryptocurrency while rewarding them in the process. The app is packed with features, including the options to enable and disable active subscriptions, pay for goods and services using ADA and REVU tokens, and stake and earn revenue.

Josipa Majic, the CEO of Revolut, adds, “We’re grateful to our private investors, including BlackDragon, for believing in Revuto’s team and tech, and for sharing our vision of making crypto spendable in everyday life.  Having the right funding and investor that backs our long term vision is crucial, hence we are delighted to achieve this milestone and excited for times ahead.”

 

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