Wombat raises £4.2m in a Series A round led by Fuel Ventures to fund European expansion.
The Series A round was led by Fuel Ventures alongside a crowdfunding campaign.
Wombat operates a mobile-first fractional micro-investing platform designed to give users access to themed funds and individual shares. The company provides retail investors with tools such as automated investing features and instant accounts.
Micro-investing platform Wombat has secured £4.2m in a Series A funding round led by Fuel Ventures, alongside participation from the company community via a crowdfund. The capital will be directed towards international expansion into Europe, alongside product development and marketing initiatives. Wombat has seen a significant rise in user acquisition, marked by rapid download growth over the past year following the introduction of new account features and advisory appointments.
From the founder
"Wombat has come a long way in the last three years and closing this funding round is another key milestone on our journey to help more budding investors embrace the habit of saving and investing for their futures,"
Kane Harrison
CEO and co-founder at Wombat
Use of funds
- 01Expand into international markets
- 02Continue product development
- 03Invest in sales and marketing
