BRD Raises $32 Million To Accelerate Growth Of New Blockchain-Enabled Financial Services Platform

SAN FRANCISCO, May 24, 2018 /PRNewswire-PRWeb/ -- BRD, the most secure bitcoin and cryptocurrency mobile wallet, trusted by users in over 170 countries, has raised $32 million to fuel customer acquisition and introduce a revolutionary rewards program concept. The $32M was raised from a combination of venture capital funding, with existing investor East Ventures involved the round, and a crowdsale. BRD also announced the availability of its long-awaited "Augustus" release, which enables receiving, sending, and buying of ERC20 tokens through a partnership with Changelly, a popular cryptocurrency exchange.

The new funds will enable BRD to scale its technology platform, expand its engineering and business development team at its new offices in Chicago, Bend, and Tokyo and bring a broad ecosystem of bitcoin and cryptocurrency services to more global consumers. BRD's new services provide the most secure and private way for everyday consumers to send, receive, and purchase bitcoin and popular cryptocurrencies. By using BRD to trade cryptocurrencies, consumers no longer need to take the risk of using exchanges, many of which have been hacked or compromised over the past 5 years.

"Since launching BRD as the first iOS bitcoin wallet in the App Store over 3 years ago, we've grown tremendously across the globe because of our dedication to decentralization," said Adam Traidmen, CEO and Co-founder of BRD. "With our new offering to exchange tokens directly in the app, enabled by our trusted partner Changelly, consumers everywhere will now enjoy the simplicity in which they can buy bitcoin and cryptocurrencies along with assurances that they are protected in a virtually unhackable environment."

"Partnering with BRD is a huge step forward for Changelly," said Konstantin Gladych, CEO and Co-founder of Changelly. "Regarding their super-friendly community, a quite simple interface and seamless user experience, I am deeply convinced that our collaboration will take mass cryptocurrency adoption to the new level and bring mutual benefits in the long run."

The BRD Rewards program and the BRD token has utility on two fronts: Deep discounts when using financial services within the BRD app, and a tiered status with perks based on how many tokens a user holds. BRD has implemented a groundbreaking model in which the rewards points are fixed in supply; there are only 89 million BRD tokens that will ever exist.

"If we're going to build a new financial system, we might as well revise rewards and loyalty programs too." says Aaron Lasher, Co-founder of BRD. "Today, hotels and airlines spin up points when earned, and wind them down when redeemed. It works pretty well, but consumers must trust the company to manage the value of their points. We can't make any more BRD tokens. We have to deliver value to those who hold our token, period. This is a new model and a challenge to the status quo."

BRD provides consumers and retail investors with the simplest way to get started with bitcoin and cryptocurrencies. Customers have flexibility in making purchases using credit cards, checking accounts, cash, or other cryptocurrencies. BRD also employs an industry-leading security and privacy model that is both truly decentralized and leverages the latest security technologies available on mobile platforms. With an estimated over $6B USD in cryptocurrency under protection, BRD remains the most trusted bitcoin and cryptocurrency mobile wallet available.

"An astonishing 50% of our customers bought their first bitcoin within the past year," said Adam Voisine, President and Co-founder of BRD. "Our deep focus around usability and simple security has paid off in a big way for us."

The BRD app is available for download from the App Store or Google Play. For more information, please visit BRD at http://www.BRD.com.

About BRD
BRD is a global company that's bringing blockchain-enabled financial services to the mobile generation. We provide consumers with the simplest and the most secure way to buy and protect bitcoin and other cryptocurrencies. Launched in 2015, and headquartered in Zurich (Switzerland), BRD is a venture-backed company which has raised $40M from top investors focused on banking, FinTech, and the blockchain.

About Changelly
Changelly is a popular cryptocurrency exchange providing the ability to instantly and seamlessly exchange over 100 altcoins at the best market rate or buy them using a bank card. Operating since 2015, Changelly has attracted over 2M registered users from around the world. Currently, the service processes more than 15K transactions weekly with a monthly turnover of around 60K BTC. Changelly offers its API and a customizable payment widget for any crypto service that wishes to increase its turnover. The exchange provides its Affiliate program with a quite appealing revenue share mechanism.

CONTACT INFORMATION
BRD
Aaron Lasher, Co-founder
Email: lasher(at)brd.com
Phone: (703) 939-1859

Spencer Chen, VP of Global Marketing
Email: spencer.chen(at)brd.com
Phone: (650) 200-3231

SOURCE BRD