Wombat Invest, a UK-based fintech platform, has released an equity crowdfunding campaign on Crowdcube looking for ₤250,000 in funding. The platform, which is currently set to launch by April 2018, is being developed to permit users to purchase a few of the world’s best-known brands for as low as ₤10 together with manage, conserve and grow their funds in themed Exchange Trade Funds (ETFs).
“At Wombat our mission is to empower generations to handle, save and grow their money. Our objective is to break down barriers that avoid people from investing. Wombat will enable individuals to invest in a few of the world’s finest understood brands for as low as ₤ 10.”
Wombat likewise kept in mind that it will run a membership and percentage of assets based design. It also charges a 1 month-to-month fee to all clients, a platform fee of 0.45%, and a ETF company cost of 0.25%. All funds from the Crowdcube round will be utilized to continue the fintech platform’s development. Wombat mentioned that an additional ₤ 1-2 million pounds is to be raised within 12 months of operation to implement the second stage method. It also revealed a timeline of its item developments:
- Year One: Build and market the product
- Year Two: Deal brand-new items, premium membership, and broaden into Europe
- Year 3: Objective to release new products and more grow internationally
The company likewise kept in mind:
“Wombat aims to run a lean operating design and utilize on new innovations. Expansion into Europe will follow. Business design jobs that recurring income, life time value (LTV) and month-to-month active users (MAU) will be high. More items are planned with the objective to more boost incomes, together with a premium subscription service.”
Since it introduced, the campaign has actually effectively secured more than ₤ 135,000 from 170 financiers. It is set to close at the start of February.Have a crowdfunding offering you
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