The Crowdcube campaign overfunded by 158% and attracted 1,731 new investors.
"The success of the Crowdcube campaign has demonstrated an appetite to align premium financial services with the digital world, especially when it comes to combining everyday banking with Wealth management. The one-size-fits-all does not resonate for the growing number of young people who are seeking a financial partner where they feel valued and heard. This demographic is demanding a certain level of experience from its bank; one that educates on the purpose of wealth management in a safe, technologically secure, and practical manner – without compromising on the high tech and high touch personalised service."
Nearly 12,000 retail investors participated in the record-breaking crowdfund to support international expansion and product development.
"Ever since our last crowdfund in 2019, our customers have been requesting another opportunity to take a share in Curve. So we launched this campaign to give the public a chance to join us as we embark on the next stage of our exciting journey, when we reveal Curve Credit to the world and launch in the US. We’ve been blown away by the level of interest we’ve seen over the past three days, and I’m so excited to welcome nearly 12,000 investors on board."
The Series B round was led by One Peak to support international expansion and product innovation.
"Paysend’s vision is to develop the next generation integrated global payment ecosystem for consumers and SMEs. Our innovative technology is connecting 12bn cards worldwide to pay and send instantly anywhere, anyhow and any currency – we call this Money for the Future. This saves time, saves money and connects millions of people and businesses around the world."
The funding round was backed by SFC Capital, British Business Investments, and New World Group to support financial inclusion.
"We are the first Fintech to take a fully values-based approach to serving communities with a truly systemic approach to financial inclusion. Moreover, we are committed to engaging, educating and empowering minorities to close the wealth and social gaps that exist. There are 1.3 billion addressable people on the planet who remain unbanked. If we want to emerge from the Covid-19 pandemic to a better version of our world, we cannot do that without ensuring that everyone can participate in today’s financial system and therefore be included in modern society."
Alphabit led the seed investment round with backing from several strategic funds.
"We’ve been working on how the metaverse will blur the lines between digital and virtual realities for six months. We’re excited to have some world class investors on board who align with our vision of making everybody the master of their own realm,"
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