Brief: European Money Collection Platform Leetchi Launches Services in the UK

Leetchi, a European money collection platform, announced on Thursday it is launching its services in the UK. The company, which was launched in 2009, was acquired by French bank Crédit Mutuel Arkéa last year. It has over six million users from more than 150 countries and is available in four languages French, English, Spanish, and German.

The platform currently offers lower fees than any other online group gifting platform. It is completely free to create what it calls a“money pot” and launch a campaign.  Céline Lazorthes, CEO and founder of the Leetchi Group, revealed more details about the company’s launch:

“I was often faced with the problem of advancing money to buy a group gift and spent a lot of time chasing people up to pay me back.The light-bulb moment arrived when I was in charge of organising an integration weekend for my class at HEC Paris, this is when I envisaged an online money pot that would help to overcome all the difficulties associated with collecting money in a group.”

Lazorthes went on to add:

“We are very excited to launch Leetchi in the UK and to provide users with the option to finance projects in GBP. Leetchi has revolutionised the way people raise money for group-gifting and is now bringing an alternative fundraising and gifting service for projects in the UK.”

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