[MACAO – April 24, 2024] One store under the popular wine bar brand ibarrel (Brand Code: IBAB) successfully raised RMB 0.874 million by listing a Daily Revenue Obligation (DRO) with a contract period of 3 years on MCEX. The subscribers to the DRO included Panthera Fund and other financial institutions.
ibarrel is positioned as a wine hall that young generations can enjoy, relying on its parent company Wanlian Shengshi’s supply chain system of more than 20 years and its self-developed intelligent freshness dispenser, to innovatively create a cost-effective wine drinking restaurant and bar. From the short supply chain to digital wine dispenser, ibarrel is committed to provide high-quality wine, popularizing wine culture and realizing cost-effective wine experience.
MCEX is dedicated to creating a market-driven, open-source exchange platform for the issuance and trading of DROs. Since launching its Market Accepted Protocol (MAP) on January 16, 2024, the platform has actively harnessed the strengths of intermediaries, brands, investors, and various market participants to support funding for micro and small businesses. Over the upcoming weeks, a variety of stores representing diverse brands will list their DROs on MCEX, further enriching a widely engaged DRO-focused investment and financing ecosystem.
For details of DROs, visit the MAP for more information: https://mt.microconnect.cc
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About Micro Connect
Founded in 2021, Micro Connect is a technology and exchange platform that connects global capital with small local businesses using a new proprietary asset class – Daily Revenue Obligations (DROs). Through its Micro Connect (Macao) Financial Assets Exchange (MCEX), the world’s first licensed exchange for daily-revenue-based financing, global investors have deployed over US$ 600 million to more than 12,000 micro and small businesses in the food & beverage, retail, services, and culture & sports industries across over 280 cities in Greater China.
For more information, please visit www.microconnect.com and follow on LinkedIn: Micro Connect | 滴灌通, and WeChat: 滴灌通Micro Connect.
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