Mash announces EUR 50M equity round and launch of Europe's first STO

Mash Group Plc, a Helsinki, Finland-based company specializing in consumer lending and pay later solutions, announced a EUR 50 million ($56.7M) equity round.

The money was raised inclusive from a Securitized Token Offering (STO), which offers professional investors the means to participate in the current equity round using both crypto and fiat currency. Deloitte has been selected to provide AML and KYC services.

The whitelisting process will begin in October with the round closing in December 2018. The STO is part of Mash’s broader EUR 50 million equity round and is only open to professional investors, with each token having the same voting and dividend rights as one ordinary share of Mash.

Mash, founded in 2007 and led by CEO James Hickson, offers consumer credit, as well as “pay-later” solutions for retailers in store and online. The group is present in Finland, Sweden, Poland, Luxembourg and Spain.