Wombat launches second crowdfunding round

February 17, 2020 | Investment

Written by FinTech Alliance

Wombat launches second crowdfunding round

Investment FinTech Wombat Invest has launched its second equity crowdfunding campaign.

In Brief:

  • It hopes to raise £200,000 at a premoney valuation of £2.5mn.

  • The campaign will take place on Seedrs.

  • Its initial crowdfunding took place in 2018 and raised £210,000 from more than 490 investors.

What does this mean?

Wombat allows users to invest for free according to various themes that match their lifestyle, interests and beliefs. The app launched in 2019 and now has over 5,000 users. The funds will be used to make product improvements, launch and market new funds, and build its customer financial education programme.

You can find out more about Wombat on the microsite.

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