Wealthify, the online investment service, announced on Thursday it was named the UK’s most investable company, at Crowdfest 2016. The award was notably presented Wealthify CEO and co-founder Richard Theo at day two of the event in London, recognizes the robo’s business model, and its rapid growth since launch this past April.
Richard Theo, CEO and co-founder of Wealthify, stated:
“We’re absolutely delighted to be recognized as the most investable company. As we enter the final stages of our crowdfunding campaign, it’s encouraging that so many investors share our vision that there is a real need for low cost, accessible, and easy to use investment services, like Wealthify. This award is testament to the hard work our team has put in not just over the last six months, but since we started the business more than two years ago.”
Last month, Wealthify launched an equity crowdfunding round on Seedrs to raise £1,000,000 and revealed that more than 500 investors had pre-registered for early access to the initiative on September 9th. The company is described as an affordable and easy-to-use online investment service. It requires no prior investment knowledge or experience, it’s open to anyone, regardless of whether they have £250 or £2 million to invest, and is significantly more cost-effective than traditional wealth management services.
The company will use the capital to support the next stage of the customer acquisition and growth strategy, creating national brand awareness, introducing new sales channels and extending products and services to include pensions and other types of ISAs.
Since its launch, the campaign has raised nearly £870,000.
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