InbestMe, A Digital Investment Platform, Acquires €2.1M+ From 160 Investors Via Crowdcube
Summary
inbestMe, a smart digital investment platform, simple to use and customized to deliver better returns with lower costs, has acquired 140% (2,113,386) of its 1,500,000 target via Crowdcube from 171 investors (at the time of writing).After launching in Spain back in 2017, inbestMe claims that they achieved 160% YoY AUM growth, to 95M.After raising 2m EUR, they now plan to extend their portfolios of Index Funds, ETFs and Pension Plans to strategic new markets.inbestMe is described as a smart digital investment platform, simple to use and customized to deliver better returns with lower costs.The firm reports +81% Year-on-Year growth of active customer accounts to 3.4k in December 2021. The company further reveals that it experienced +160% Year-on-Year growth in Assets Under Management to 95M (2020-2021).Other key business highlights are as follows: Backed with +2M by long lasting financial institutions up-to-date Regulated by CNMV and won several research grantsAs noted by the firm, inbestMe is the automated asset and portfolio manager leader in customization and sustainable investment.They started in 2013 as a team with more than 30 years of experience in the investment market.The co-founders identified a gap in the market: extend index fund and ETFs investment vehicles to this underserved market by creating a Robo Advisor.The Spanish market alone is larger than 2,3 Trillion (sum of Index Funds, ETFs and Pension Plans portfolios).Since gaining Spanish regulator CNMV approval in 2017, InbestMe has grown to 95M of Assets Under Management (FY 2021 generated 214k in Revenue and -733k EBITDA).Thousands of customers trust them as their wealth management platform. and we have a Trustpilot score of 4.6.Customers can open an account with 1,000, but [theyve] grown the average account to 30,000 and up to 37% have recurring monthly investments.InbestMe was seen as a pioneer in Spain in introducing Socially Responsible portfolios, and 40% of our customers choose this option; a trend [they] want to continue as a platform that promotes positive impact investing.With this funding round, their goal is to accelerate growth in Spain, launch in [their] next market Mexico, planned for 2022, which is currently underserved (which they are now approved to operate in), and continue enhancing [their] service and platform for [their] customers.You may now join their journey towards investment made easy and socially responsible investment.