Wealthify, the online investment service, officially launched its equity crowdfunding campaign on Seedrs on Monday and quickly secured half of its £1 million funding goal. The company reported that over 500 investors pre-registered for early access to the initiative on September 9th.
Wealthify 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.
As previously reported, Wealthify aims to raise the funds through Seedrs in addition to funding raised from angel investors. 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.
Richard Theo, co-founder and CEO of Wealthify, stated:
“When we started out on the Wealthify journey, our main aim was to open up the world of investing to everyone – and crowdfunding felt like a natural fit to help us achieve that goal. We’re delighted to be welcoming new investors to be part of the exciting next stage of our development. The fact that so many of our customers have chosen to become shareholders in Wealthify underlines the confidence that people have in our approach, even at an early stage.”
He then added:
“Wealthify is all about creating a convenient and user-friendly investment service which gives people complete flexibility and control over their savings and investments. With interest rates now at an all-time low, it’s essential that UK savers wake up and start taking control of their financial futures.”
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