San Francisco, CA – According to filings with the U.S. Securities and Exchange Commission, Banqloop is raising $5,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, James Boskovic played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Banqloop
BANQloop was born in April 2019 out of pure frustration at seeing too many plastic cups in the paper bin in airports. That and the knowledge that 79% recycling actually goes into the landfill due to being contaminated. Our founder, James Boskovic, was on a trip across Europe at the time and decided to recruit a group of talented people to help him solve the problem. There was one thing we knew for certain going into this journey; current waste management offers very few solutions that reduce the amount of recycling going into the landfills and oceans. Instead of putting that responsibility on the end user or businesses that cant control these outcomes, we created a solution that we could bring to governments, cities, corporations and you. With ambitious goals and a concrete vision for global adaptation, BANQloop has scaled rapidly from a team of 6 to over 25 (and growing) while facing the challenges brought on by a global pandemic. In the past year, BANQloop has formed development plans with airports and cities globally, setting the groundwork to be a sector leader for years to come.

To learn more about Banqloop, visit http://banqloop.com/

Contact:
James Boskovic, Chief Executive Officer
415-322-5600
james@banqloop.com
https://www.linkedin.com/in/jamesboskovic/

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