TouchGo is raising capital to fund the expansion of its business through a crowdfunding platform, Crowdcube.
‘We have big plans to develop more software, including smart phone based applications and payment systems, for our Intelligent Vending Machines and Coffee Tower markets as part of our vision to bring real innovation to the vending industry’, Per Hovland told PV. ‘The intelligent touch screen PC based vending machine with choice of payment systems, has become a symbol of the world’s quest for convenience,operating 24 hours around the clock, 7 days a week.’
Equity-based crowdfunding is a new way for businesses to raise funds from a broad range of investors through an online platform. Eligible investors receive shares in exchange for capital, which is used to help businesses grow. Shares are allocated in order of application.
‘All investments are classed as an ‘expression of interest’ until we reach our funding target’, Per said, ‘whereupon members will be asked to confirm they are happy to convert their expression of interest into a binding order for investment.’
