New fintech start-up Qazikoo is scheduled to launch in September 2020 and has already reached customers for their unique EIS model. It is clear we will be hearing about Qazikoo throughout the next decade.
What is EIS?
The Government’s EIS (Enterprise Investment Scheme) is designed to help start-ups grow their businesses by supporting investors. It does this by offering tax reliefs to individual investors who buy new shares in the company.
Under EIS, start-ups can raise up to £5 million each year and a maximum of £12 million in the company’s lifetime. This also includes amounts received from other venture capital schemes. The company must receive investment under a venture capital scheme within 7 years of its first commercial sale.
Why EIS instead of traditional VC funding?
Qazikoo has military-grade security accounts that allow every individual customer to invest with them instead of the traditional VC funding method. Anyone can invest in Qazikoo with this brilliant innovation. Investors and customers are looking forward to hearing more about Qazikoo in the coming months.