VVIP Receives $2.5MM Strategic Investment From Leading Blockchain Investment Firm Pecunio
Dubai, 13th of September 2018 — VVIP and Pecunio announced today an investment of $2,500,000 to accelerate VVIP’s capital raise, growth, and speed-to-market as it widens its services globally. VVIP is building a blockchain-based social network powered by live experiences for the global events and lifestyle enthusiasts.
VVIP recognizes Pecunio’s strong network and proven investment record as one of the leading blockchain investment platforms. And Pecunio sees VVIP product brings the best practices of the social networking and blockchain worlds, takes the most out of the decentralization, privacy and security capabilities of the blockchain revolution and applies that to an arena that is about to be disrupted.
Founder and CEO of VVIP, Saber Ghaith:
We are very excited about this partnership with Pecunio, one of the leading blockchain companies in the MENA region in both spheres of finance and technology, and we are looking forward to deploying the blockchain capabilities into our platform to further drive the adoption of this powerful technology. The growing appetite for cryptocurrency and blockchain technology focused on entertainment and social networking has yet to be fully serviced by any single source. VVIP is building a platform uniquely positioned to stand apart as a definitive source of curated live experiences and breaking through the traditional way of communicating online by providing its members the last in innovation and blockchain technology.
CEO of Pecunio, Reinhard Berger:
The investment and partnership with VVIP better solidifies our competitive position in the MENA region. After our first meeting with the founder and CEO of VVIP in Dubai, we knew we had to do this deal, said Reinhard Berger. VVIP is famous for been the only media network exclusively devoted to entertainment in The Middle East with an existing community of more than 2 million members. VVIP also has the potential to lead the social networking space and there exists a huge potential for doing the work to match their experience to the current global, digital times, especially through a private and secure way that only the blockchain technology can grant. With Pecunio, investors benefit from a unique deal flow, managed by Pecunio VC and offering a fully diversified portfolio in blockchain and crypto asset accessed via a more cost effective single investment vehicle. We are sincerely proud of this particular investment since it follows the path where we have historically felt more comfortable.
VVIP is a blockchain-based social network powered by live experiences for the global events and lifestyle enthusiasts. Their mission is to connect people through unforgettable live experiences and become the ultimate source of curated entertainment. VVIP community members can discover, book and get rewarded for attending and promoting live experiences around the globe while socializing with a network of like-minded people, leading to more physical socialization and healthier, longer-lasting connections.
Pecunio is an asset platform for safe and easy blockchain investments and is the leading Fintech company in the Dubai/UAE area. Their platform’s products and services cover a huge sector of blockchain innovation. Investors benefit from a sound business model, which enables investments into angel & venture capital investment, initial coin offerings (ICO), high-end cryptocurrency funds, security tokens and asset-backed tokens. Pecunio’s mission is to lower technical and psychological hurdles in the crypto market by providing easy and secure access to it. Pecunio combines professional financial management and technical expertise with reliable regulated structures.
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