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.”Fintech News
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.