Cardiff fintech firm eyeing up £1 million crowdfunding campaign
Wealthify, a robo investor firm based in Cardiff, is preparing to raise more investment through crowdfunding in a bid to further growth.
The company, which launched back in spring, is looking to continue its mission to democratise investing in the UK by raising more capital.
It’ll launch a public crowdfunding campaign on September 12th, and priority access will be given to people who pre-register before the 9th on its website.
To be run on Seedrs, the firm wants to raise £1 million in addition to a further £1.55 million raised from private investors, grants and other sources.
The team has ring-fenced 9.3 per cent of equity to offer to shareholders, and funds will be used to aid the next stage of customer acquisition and growth strategy.
An important part of this, according to Wealthify, is introducing new sales channels and extending products and services to cover pensions and other ISAs.
Wealthify is an affordable and easy-to-use online investment service, with no investment knowledge or experience needed, and it’s open to everyone.
It’s the brainchild of a team of investment and technology experts, who saw major potential in transforming the UK investment market with the latest technology.
Richard Theo, co-founder and CEO of Wealhify, said: “Since Wealthify launched in April, demand for our service has exceeded expectations. With interest rates hitting a new all-time low of 0.25% this month, even more people are now seeking alternative ways to make their money work harder.
“Crowdfunding was the logical choice to help us raise capital investment to realise our ambitious growth plans, since our proposition shares similar values: to open up the world of investing to the everyday person.”