UK FinTech start-up RiskSave has raised £127,440, from 17 investors, in the first days of their crowdfunding campaign on CrowdCube.
The figure is only £22,560 shy of their funding target of £150,000, with which they offer 2.44% equity in the company, valued at £6 million.
The campaign launched this week and will be running for another 28 days.
RiskSave hopes to offer “the future of asset management”
The Oxford based start-up aims to develop a new investment platform “suiting lower-cost transparent investing”. This will allow even small account holders to profit from similar front-line risk management, than the biggest financial institutions.
In their pitch on equity crowdfunding platform CrowdCube the company states:
“For many individuals, account minimums and transaction fees have made advice either unaffordable or unobtainable. The financial industry generally does not have a great solution for smaller accounts. Traditional financial advisors have a limited amount of time, and it is hard to scale a business model serving a few low-asset clients. Our solution avoids this while incorporating more advanced risk management.”
The company was founded in December 2015 and has since joined Level 39, Europe’s largest FinTech start-up accelerator. The team of two has since expanded by hiring Dmitri Grabov, an ecosystem hiring experienced technologist.
With the funding raised through the CrowdCube Campaign the business hopes to further develop its IT system and hire senior staff.
Katharina Fleiner 25/08/2016