ShareIn, a SaaS platform for the crowdfunding sector, announced on Tuesday it has seen revenues triple in the past 12 months and has matured from a startup to become a profitable scale up. The company reported it is going from strength to strength with the announcement of a profitable year-end to October 2017, record growth of both their staff and client roster, a fully rebranded website, and the announcement of Triodos Bank’s new crowdfunding platform.
“The last twelve months have marked a period of significant growth for ShareIn, with the company reporting year-end revenue in the region of £700k to October 2017, more than 3 times the previous year. The revenue growth has brought with it profitability which ShareIn are using to expand the team further. The team of Edinburgh-based specialists has grown from 7 staff members to 17.”
Jude Cook, CEO of ShareIn, stated:
“Andrew and I are really proud of the brilliant team that we’ve been able to build. It’s quite unusual in a tech business to have more women in the company than men. We always hire the best person for the job but we’re lucky that great women keep applying. 12 of the 17 team members are women. We’ve got such a healthy mix of experience and nationality that makes ShareIn a very exciting place to work.”
ShareIn also reported its clients list has experienced impressive growth, with the number of clients tripling in the past year. The company plans to continue their high growth trajectory in the current year 2017/2018. ShareIn’s latest client was the Triodos Crowdfunding platform, which it claims is the first crowdfunding platform to be launched by a UK bank. Triodos offer eligible investors the opportunity to invest in both equity and bonds issued by established charities and businesses delivering positive social and environmental impacts. Andrew Pickett, Co-founder of ShareIn added:
“Working with Triodos, who are very well respected in the ethical finance sector and have raised more than £130 million to fund over 50 impact projects in the past 15 years, is a fantastic win for ShareIn.”