Prasos is the leading Bitcoin service provider in the Nordic countries and we currently serve more than 50,000 customers. The services of the company include Coinmotion investment platform and Bittiraha.fi news portal among others. Bittiraha.fi is the industry's leading Finnish website. In addition to cryptocurrency related news, blogs and discussion forums, it also offers bitcoin exchange service, invoice payment service and salary payment service.
We also maintain the most significant Bitcoin ATM network in the Nordic countries; Bittimaatti. In addition to the exchange services, we also have an internationally renowned Denarium brand under which we manufacture physical bitcoins.
The total exchange volume in our services has exceeded EUR 80 million
At monthly basis, we are currently handling orders for approximately EUR 8 million
50,000 customers and over 300,000 processed transactions
Our revenue consists mainly of exchange commissions. Our 2015 revenue was € 340,000, in 2016 we reached € 822,000 (+ 142%). In the current financial year, we expect to grow to EUR 3 million (+ 270%) in 2017. Our goal is to continue strong growth and achieve 5-6 X revenue over the next three years. Until now, our growth has come mainly from the domestic market. Growth in the European market has begun through our Coinmotion investment platform.
Our business is currently highly profitable, but in order to reach ambitious growth plans, we need additional funding. Our business is well-established. It is the right moment to invest in growth throughout Europe and build more sophisticated investment products and services. In a rapidly growing market, market shares will be given to the fastest and most hungry players over the next 3-5 years.