Just after its Crowdcube round successfully secured its initial 500,000 in less than a week, crowd invest marketplace Oval Money announced it will close the equity crowdfunding campaign sooner than originally planned. The company revealed in its latest update:
“Thank you everyone who has sustained us up until now and has helped us reach our goal! As we mentioned in our live events we will be closing the crowdfunding early so there are only 10 more days to go! Closing will be on the 29th of January at midnight!”
Oval Money notably provides easy to read, readily available information on everyday expenses. The company reported:
“By connecting with any bank account or card, Oval can aggregate, categorize and simplify the user-unfriendly confusing information from bank statements. Given every great achievement starts from a beginning, Oval allows users to set a number of steps, personalized pledges that automatically assigns a microtransaction to a spending or behavioural habit.”
All funds from the Crowdcube will be used to support the development of the platform’s financial product marketplace, which includes adding additional developers and also regulator expertise to take the next steps following the award of its license from the FCA.
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