Evarvest is looking to raise a minimum amount of £75,000 at a pre-money valuation of £1.175 million. As of today, Evarvest has raised over £100,000 from 151 investors.
According to a note from the company, Evarvest is in the process of obtaining UK Financial license authorization and preparing for their Financial Brokerage license authorization granted by the Bank of Lithuania and regulated under the European Central Bank.
Evarvest plans to launch its application during the latter half of 2019 serving consumers in the UK, Spain, Portugal, Poland, and Lithuania. Following the initial countries, Evarvest says it will expand into other European markets as well as the USA, Australia, and Asia. Evarvest says it will provide low-cost access to securities in 30 different stock markets, including commission-free access to US stock exchanges.
Evarvest founder and CEO Stephanie Brennan explains that the idea for Evarvest’s trading app was born out of the desire to change the currently outdated approach, while also helping others to start investing.
“Today, people need easy, quick and inexpensive investment solutions, which aren’t restricted by any barriers. This is exactly what we will be offering. Our app will make it possible to invest in some of the world’s most recognisable brands with just two clicks on a mobile, and with little to no cost so your investment returns are not being diluted by fees.”
Evarvest states that although 93% of stock market value is divided between three continents, America, Europe and Asia, the access to these markets is limited and the cost is high. Upon the launch of its application, Evarvest expects to offer a number of attractive international trade capabilities combined with banking-level security and low commission rates unusual for traditional brokerages.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!