NASSAU, Bahamas, August 25, 2021 — Results from the ArawakX crowdfunding launch of Red Lobster Pinnacle Brands and Bahamas Myfi are streaming in with over 650 persons investing in the past two days.
“The interest we are seeing is exactly what we hoped for. Many of the persons, particularly smaller investors, may be investing for the first time,” says D’Arcy Rahming Jr, Chief Technology Officer.
Crowdfunding is using the internet to raise money for companies from larger groups of small investors by selling (shares) part ownerships. Typically, in a crowd funded raise the persons who invest are usually also the customers.
“By all indications, this is a good indicator that Red Lobster and Bahama MyFi may have thousands of customers lined up already,” Rahming says. “Momentum is being built as more and more investors are realizing that they can invest using their cellphones.”
ArawakX has a proprietary Fin tech technology, that was developed in Silicon Valley. It was specifically designed for the Bahamian market to match the country’s regulations. All information on the listed companies are found on the ArawakX.com portal.
“The technology was chosen and designed to be fast and flexible and easy to use,” Rahming says. “We also continue to work with the regulators, which allows the rules to take into account the best use of technology.”
All Exchanges worldwide have had to face the realities of COVID, while still ensuring that all investors are protected. For the Bahamas, this means proper governance, and having a safe and secure environment with robust regulations and a responsive regulatory regime.
“We have a young team of professionals at ArawakX who have chosen to reverse the Brain Drain. It’s a pleasure that we can finally come home and contribute in a meaningful way to the new financial services model,” says D’Arcy Rahming Jr. “As they say in Silicon Valley, we have a team of Rockstars.”
Anyone seeking more information can reach out to ArawakX.com or call 810-0333.
