> ## Content Index
> Fetch the complete content index at: https://www.hypebot.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Psonar Positions For International Expansion With Crowdcube Campaign
- URL: https://www.hypebot.com/psonar-positions-for-international-expansion-with-crowdcube-campaign/
- Published: 2015-05-08T10:37:37.000Z
- Updated: 2015-05-08T10:37:37.000Z
- Description: Psonar, a pay-as-you go music streaming service, has launched a Crowdcube investment campaign with the hopes of raising £250K as part of its current £1M fund-raising round, of which £305K has already. Continue reading [https://www.hypebot.com/hypebot/2015/05/psonar-positions-for-international-expans
- Author: Guest Author
- Tags: Music Business, Streaming, BeIN Sport, British Isles, ESPN, IPhone, Latin America, Martin Rigby, Psonar, Streaming media, United States, Universal Music Group, #wp, #wp-post, #Import 2026-01-21 10:28

**[![Screen Shot 2015-05-08 at 12.41.57 AM](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c786eb22970b-150wi "Screen Shot 2015-05-08 at 12.41.57 AM")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c786eb22970b-popup?ref=hypebot.com)[Psonar](http://www.psonar.com/?ref=hypebot.com "Psonar"),** a pay-as-you go [music streaming](http://en.wikipedia.org/wiki/Streaming%5Fmedia?ref=hypebot.com "Streaming media") service, has launched a Crowdcube investment campaign with the hopes of raising £250K as part of its current £1M [fund-raising](http://en.wikipedia.org/wiki/Fundraising?ref=hypebot.com "Fundraising") round, of which £305K has already been raised from private investors) to **fund efforts to make music streaming affordable for listeners all around the world.** 

Optimized for mobile use, Psonar's pay-as-you-go model allows the millions of people who can’t afford a monthly subscription of £9.99 affordable, ad free access over 3 million tracks for as little as a penny per play. **[![Url](http://a6.typepad.com/6a01901b9a0100970b01bb082ae6de970d-150wi "Url")](http://a6.typepad.com/6a01901b9a0100970b01bb082ae6de970d-popup?ref=hypebot.com)Martin Rigby, co-founder and CEO** of **Psonar**, explains: “In the last two years there has been a major shift in consumption of digital music, from downloading to streaming. Streaming growth has been focused around variations of a single payment model: subscription of £9.99 per month on mobile. The major limitation with this model is that it is unaffordable for many consumers in developed economies and the vast majority of consumers in developing economies.”“**Psonar** is a business with global potential – hundreds of millions of music fans worldwide have smartphones but don’t have credit cards or bank accounts. **Psonar** offers them access to on-demand streaming music on a PAYG basis, which is affordable, flexible and gives them complete control over how much they spend. The investment that we are raising on **Crowdcube** will position the service for international expansion, which includes launching the service in other European territories and the USA at the end of this year. We anticipate raising a larger series A round in late 2015 or early 2016 to accelerate **Psonar**’s global roll-out plan. Our target territories for further expansion starting in late 2015 include sub-Saharan Africa, south-east Asia and Latin America”, Rigby continues.

Related articles

[![](http://i.zemanta.com/338722878_80_80.jpg)](https://www.hypebot.com/30-hot-music-tech-startups-chosen-to-showcase-at-midem-2015/)[30 Hot Music Tech Startups Chosen To Showcase At Midem 2015](https://www.hypebot.com/30-hot-music-tech-startups-chosen-to-showcase-at-midem-2015/)

[![](http://i.zemanta.com/338097421_80_80.jpg)](https://www.hypebot.com/apples-new-streaming-service-may-be-facing-a-rough-start-in-europe/)[Apple's New Streaming Service May Be Facing A Rough Start In Europe](https://www.hypebot.com/apples-new-streaming-service-may-be-facing-a-rough-start-in-europe/)

[![](http://i.zemanta.com/340972226_80_80.jpg)](http://techcitynews.com/2015/05/06/payg-music-streaming-service-psonar-launches-crowdcube-campaign/?ref=hypebot.com)[PAYG music streaming service Psonar launches Crowdcube campaign](http://techcitynews.com/2015/05/06/payg-music-streaming-service-psonar-launches-crowdcube-campaign/?ref=hypebot.com)

[![](http://i.zemanta.com/336277926_80_80.jpg)](http://www.musicthinktank.com/blog/theres-no-i-in-team-10-leadership-tips-to-help-you-get-the-b.html?ref=hypebot.com)[There's No I in Team: 10 Leadership Tips to Help You Get the Best of Your Team](http://www.musicthinktank.com/blog/theres-no-i-in-team-10-leadership-tips-to-help-you-get-the-b.html?ref=hypebot.com)

[![](http://i.zemanta.com/noimg_29_80_80.jpg)](http://www.crowdfundinsider.com/2014/01/30431-music-service-psonar-closes-successful-funding-round-syndicateroom/?ref=hypebot.com)[Music Service PSonar Closes Successful Funding Round on SyndicateRoom |](http://www.crowdfundinsider.com/2014/01/30431-music-service-psonar-closes-successful-funding-round-syndicateroom/?ref=hypebot.com)