Overfunding: Crowdcube Success Oval Money Quickly Surpasses £1 Million Funding Target On Seedrs
Summary
Less than two years after securing \xa3626,310 through its Crowdcube funding round, European automated saving and crowd investing marketplace Oval Money launched an equity crowdfunding campaign on Seedrs and has quickly secured its initial \xa31 million funding target.As previously reported, Oval Money provides easy to read, readily available information on everyday expenses. Oval was created to help bring inclusion, education, and fairness back into personal finance. Oval Pay: Currently launched only in Italy, is the only current account in Europe that we believe allows users to automatically save and invest in their future while they spend.Oval Money further explained that it speaks to a generation of digital natives with busy lives and many dreams, but low financial education.As an independent distribution platform, we aim to cater for this generation, 25 to 35 year old young adults, by facilitating access to a wide range of products, streamlining complex onboarding processes, and providing a transparent overview of their money. We believe that access to financial products shouldnt be closed to be just for the wealthy few.Funds from the Seedrs round will be used for the following: Expanding the Oval platform from Italy and the UK as major markets to a number of other southern European markets, starting from Spain, thus spending on new key hires and marketing campaigns.Oval Money went on to add:We aim for this to include the ability to access early stage investments through Seedrs as a new asset class for our investors. Other fixed rate products that our users have loved in the past are in our pipeline, as well as many more investment opportunities from exciting new partners.