NASSAU, Bahamas, September 1,2021 –D’Arcy Rahming Sr. and D’Arcy Rahming Jr., Chief Technology Officer of ArawakX, paid a courtesy call on the Hon. Dr. Hubert A.Minnis, Prime Minister of the Bahamas, on Wednesday, September 1.
On Monday, August 23, the Rahmings successfully launched ArawakX Stock Exchange, with the unveiling of its first two Crowdfunding listings: Red Lobster Pinnacle Brands and Bahamas Myfi.
With over 650 persons investing in the first two days, D’Arcy Rahming Jr. said in a press release, “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.”
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 said. “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 Jr. said. “We also continue to work with the regulators, which allows the rules to take into account the best use of technology.”
For more information, log on to ArawakX.com or call 810-0333.
