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KR1 plc - Investment: Union Finance

1 May 2020

("KR1" or the "Company")KR1 plc

Investment: Union Finance

KR1 is pleased to announce that the Company has invested a total of in the Union Finance project. The Company will receive a yet-to-be-determined amount of discounted tokens from this seed round participation.US$75,000

Union Finance (“Union”) is a credit mutual built on Ethereum, which allows people and organisations to take out loans on the blockchain without the need for collateral, a credit score, or revealing personal information on a public ledger.

: “KR1 saw the opportunity in Union even before I did, and their early support was critical in getting this company rolling; I'm excited to build the future of credit with them."JacobShiach,Founder of Union Finance commented

Ethereum’s decentralised finance ‘DeFi’ ecosystem is presently relying on heavy over-collateralisation, which makes some projects capital inefficient for most personal or business credit use cases and limits the appeal for mainstream adoption. Unions’ unsecured lending protocol opens up this emerging financial system to a much larger set of use cases, for example micro-loans,  credit lines within the Internet of Things and social lending.

KR1 was joined in the Union seed round by 1kx, CoinFund and a number of prominent Ethereum DeFi angel investors.

, Managing Director & Co-Founder of KR1 commented:Keld van Schreven

“With around locked up in the ecosystem, it has grown considerably in the past 12 months, and we expect it to grow further. Union is exactly the type of project KR1 likes to back. It is a new, innovative platform to open up uncollateralised lending to everyone and represents a paradigm shift for . Jacob is re-imagining uncollateralised lending and Union leverages the power of Ethereum to unlock an entirely new area of the decentralised finance ecosystem.”US$1 billionDeFiDeFiDeFi

For further information please contact:

George McDonaugh           +44 (0)16 2467 6716 Simon Nicol             KR1 PLC

 simon@KR1.io

(AQSE Corporate Adviser) Mark Anwyl               +44 (0)20 7469 0930Peterhouse Capital Limited          

Allie Feuerlein

        (PR Adviser) Angus Campbell         Nominis Advisory Ltd
pr@KR1.io

AboutKR1 plc

KR1 is a leading digital asset investment company supporting early-stage decentralised and open-source blockchain projects. Founded in 2016 and publicly traded in (KR1:AQSE), KR1 has built a notable reputation for generating significant returns by investing in many key projects that are designed to power the decentralised platforms and protocols that are emerging to form new internet infrastructures.London

www.KR1.io

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