23 August 2017
Visit http://response.ncr.com

Wealthify hits £1m crowdfunding target

03 November 2016  |  3574 views  |  0 Source: Wealthify

Wealthify, the online investment service, has exceeded its target to raise £1m through the crowd with a week still left of their campaign.

Over 650 people invested in Wealthify through crowdfunding platform Seedrs, and now share 9.3% equity in the business. Typical investment sums were between £14 and £10,000, with investors from the UK and across Europe, including Estonia, Greece, Czech Republic and Norway.

Wealthify plans to use the capital raised to support the next stage of its customer acquisition and growth strategy: creating national brand awareness, introducing new sales channels and extending products and services to include pensions and other types of ISAs.

Richard Theo, co-founder and CEO, comments: “We’re very excited to have reached our crowdfunding target so quickly and thrilled that so many people support our mission to open up investing to everyone. With interest rates at a record low and inflation set to rise sharply over the next few years, how we manage our money - whether investing or saving - is now a pressing issue. The public are becoming increasingly aware of the dire state UK savers are in - our Regional Savings Index shows that Britons on average only have four weeks’ worth of their salary saved, not nearly enough of a buffer for life’s unexpected events. There’s a clear need for low-cost, accessible and easy to use investment services, like Wealthify that can help grow people’s hard-earned cash without the cost and complexity of traditional wealth management services.”

“We firmly believe that this new way of investing will play an increasingly important role in people’s long-term financial planning. The fact that over 650 investors supported this round of funding shows that the public shares our confidence in our mission, the brains behind it and the business model, even at this early stage in our development.”

Wealthify launched its fundraising campaign on 12th September.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.dorsum.euvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12884 views comments | 27 tweets | 23 linkedin
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
12022 views comments | 25 tweets | 63 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11530 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10713 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10640 views comments | 10 tweets | 8 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job