Overfunding: Fintech Platform Wombat Invest Surpasses £250,000 on Crowdcube
Summary
As previously reported, Wombat’s platform, which is currently scheduled to launch by April 2018, is being designed to allow users to invest in some of the “world’s best-known” brands for as little as £10 along with manage, save and grow their funds in themed Exchange Trade Funds (ETFs). Wombat stated that a further £1-2 million pounds is to be raised within 12 months of operation to implement the second phase strategy. The business model projects that recurring revenue, lifetime value (LTV) and monthly active users (MAU) will be high. More products are planned with the aim to further increase revenues, along with a premium subscription service.” Speaking about the crowdfunding success, Wombat Invest Founder and CEO, Kane Harrison, shared: “400+ Investors, 800+ followers. Lets continue to grow our investor base over the next five days, and see how big our community can become.” The campaign is now set to close this upcoming weekend.