Market Overview

SOMA Secures First Round Of Funding From Business Finland To Grow Decentralized Social Marketplace

Share:

SOMA Secures First Round Of Funding From Business Finland To Grow Decentralized Social Marketplace

Platform Facilitates Peer-To-Peer Trade Incentivized With A Rewarding System, While Also Eliminating The Sale of Counterfeit Goods

PR Newswire

HELSINKI, Aug. 29, 2018 /PRNewswire/ -- SOMA, the game-changing decentralized platform that facilitates trade and social interaction powered by blockchain technology, today announced it has received Round One funding from Business Finland, the most important public funding agency for research and innovation in Finland. The agency is directed by the Finnish Ministry of Employment and the Economy.

SOMA will receive €50,000 in Round One, which lasts for two months. Business Finland will subsequently assess the company's success in meeting predefined goals, among them the onboarding of retail and manufacturing partners for SOMA's upcoming pilot program. Pending a successful Round One, the company is eligible for €500k to €1 million in Round Two and €3 million to €20 million in Round Three.

"We are extremely proud Business Finland has selected SOMA, recognizing the promise and long-term value of our new social marketplace," said Jukka Hilmola, co-founder and CEO at SOMA. "This validates our next-generation blockchain-based e-commerce model, currently in preview on Android. These funds will help us accelerate our go-to-market strategy and meet our aggressive growth targets for the remainder of 2018 and into 2019."

SOMA is a game-changing peer-to-peer marketplace that utilizes blockchain technology to leverage social capital. The platform incentivizes users to engage in cooperative behavior using the platform's tokenized rewarding system. Additionally, SOMA's enterprise solution protects against forgeries and helps companies streamline processes and access data points never before available to them.

For more information, please visit and follow SOMA for real-time updates via the company's website https://soma.co/, Facebook (https://www.facebook.com/socialmarketapp/), Twitter (https://twitter.com/SomaToken), Telegram (https://t.me/Somacommunity), Medium (https://medium.com/@soma_sct), Bitcointalk (https://bitcointalk.org/index.php?topic=2129958.msg21281472#msg21281472), Discord (https://discord.gg/CGxv7e), or GitHub (https://github.com/soma-mvp).

About SOMA
SOMA brings a social trading experience to consumers while providing a robust tracking and authentication protocol for business. The platform integrates social media functionality, which allows users to monetize social influence and provide value-added services to one another for just compensation. Simultaneously, SOMA's enterprise solution protects against forgeries and helps companies streamline processes and access data points never before available to them. For more information, please visit https://soma.co/.

Cision View original content:http://www.prnewswire.com/news-releases/soma-secures-first-round-of-funding-from-business-finland-to-grow-decentralized-social-marketplace-300703752.html

SOURCE SOMA

View Comments and Join the Discussion!