TrustedCars FLEX signs promising $1.6MM Investment Deal with Pecunio Venture Fund

Press Release

Frankfurt, Germany, 20th of August 2018 — Another milestone for Pecunio’s Venture Capital Fund was set by adding TrustedCars Flex, a german start-up backed by one of the largest online shops for assorted used cars worldwide, to its dedicated portfolio.

Trusted Cars Flex aims at changing car ownership forever, by turning dealerships into innovative mobility providers while offering customers a flexible, all-inclusive and affordable solution.

The $1.6MM deal signing results in an investment partnership listing the solution provider in Pecunio’s exclusive Blockchain Venture Fund. The pioneer model of commitment-free, paperless, low payment vehicle availability will definitely impact car ownership worldwide. Car dealers will increase revenues and reduce holding costs, as vehicles taking space are on the road making money. Customers can choose any car they want from the available inventory, sign for it in the app and drive as long as they want or swap for another car anytime.

Pecunio’s Venture Capital Fund has acquired only high-profile blockchain start-ups with unique selling points, with this new addition clearly proving it’s orientation towards the future. TrustedCars Flex is named one of the most interesting and innovative blockchain projects in Germany by the Federal Ministry for Economic Affairs and Energy.

More on TrustedCars Flex

With TrustedCars paperless end-to-end solution customers can choose any car they want from the available inventory of participating car dealers, sign for it in the app and they are ready to go. They drive the car as long as they want and return it or swap for another car anytime. With no fixed costs or long-term contracts but for a low weekly payment including all expenses.

Car dealers have an additional source of income and access to a new generation of consumers. With TrustedCars Dealerships resolve both sides of the income statement issue: increase in revenue and reduction in holding costs. Instead of vehicles taking space they are on the road making money.

More on Pecunio

Pecunio is an asset platform for safe and easy blockchain investments. As United Arabian Emirates’ leading blockchain company, contributors benefit from a sound business model, enabling investments into angel & venture capital (AC&VC) funds and high-end cryptocurrency funds. Besides that, the investment platform focuses on settling B2B transactions with a gold-backed currency used as “gold-tether”.

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