Sequire Shows Significant Revenue Growth, Platform Exceeds 500,000 Investors and Traders
June 29 2020 - 7:05AM
Business Wire
SRAX, Inc. (NASDAQ: SRAX), a digital marketing and consumer data
management technology company, announced its investor intelligence
and communications platform, Sequire, has surpassed 500,000 active
investors and traders while sales have exceeded $2.5M in Q2
2020.
Sequire has shown rapid growth since its launch in early 2019,
growing its client base to over 75 publicly traded companies in the
U.S. and Canada. The issuers on the platform have an aggregate of
500K+ investors and traders. Through Sequire, public companies can
monitor retail and institutional investors and activate media
campaigns to engage existing investors while attracting new
ones.
“On Thursday, we announced a capital raise of $13M, which we
will use in part to fund the rapid expansion of Sequire,” said
Christopher Miglino, founder and CEO of SRAX. “Our clients have
seen notable results from the platform and its related services.
We’ve also seen a significant increase in the number of clients on
the platform with Q2 sales hitting over $2.5M and an additional $3M
in the pipeline, with a very high probability of closing in
Q3.”
As the platform grows, its ability to better understand which
types of investors are willing to buy different stocks becomes
increasingly defined, thus enabling Sequire to better serve its
clients. This data combined with essential tools for issuers is
driving rapid adoption and creating an ever-growing community of
public companies.
Some recent developments for Sequire include:
- Stock for Ads Program: This program offers a
subscription to Sequire and credit for paid media in exchange for
stock as a way to help public companies engage with their customers
or clients and preserve cash during this critical time.
- Virtual Roadshow: A new feature where companies can host
one-on-one or one-to-many video and audio meetings to present their
story to new shareholders and provide quarterly and annual updates
to existing shareholders. After an event has ended, companies can
track investors who attended and monitor their investments in the
company in real time.
- Mobile App: Sequire launched its mobile app so clients
can monitor their shareholders’ behaviors wherever they go. As we
enter the second half of 2020, the Company has big plans to expand
its feature set for both the desktop and mobile applications.
About Sequire
Sequire, built by SRAX (NASDAQ: SRAX), is an investor
intelligence and communications management platform. Sequire
unlocks investor behaviors and trends, including who is buying and
selling stock, for issuers of publicly traded companies. Through
the platform, companies can use rich audience insights to capture
the interest of existing investors and attract new investors. For
more information about Sequire, visit mysequire.com.
About SRAX
SRAX (NASDAQ: SRAX) is a digital marketing and consumer data
management technology company. SRAX’s technology unlocks data for
brands in the CPG, investor relations, luxury, and lifestyle
verticals. Through its various platforms, SRAX is monetizing its
data sets and growing multiple recurring revenue streams. BIGtoken
is a consumer-managed data marketplace where people can own and
earn from their data. The platform also provides advertisers and
media companies access to transparent, verified consumer data to
better reach and serve audiences. Sequire is a premier platform for
investor intelligence and communication. Through Sequire, public
companies can track their investors’ behaviors and trends and use
those insights to engage current and potential investors across
marketing channels. For more information on SRAX and its verticals,
visit srax.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200629005207/en/
Natalie Santos SRAX press@srax.com
SRAX (NASDAQ:SRAX)
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