125%
Raised
£376,490
Investors
144
Target
£300,000
Equity
5.90%
Pre-money valuation
£6,000,000

LetsBab is a digital mall, where you can shop and share products with your friends, and best of all get paid for it in cash. The app pays real people for their recommendations, which you can keep or donate. LetsBab is seeking investment to grow its userbase and roll out new features to drive sales.

  • LetsBab allows you to shop, recommend and donate to charity
  • Over 100 brands from high street to high end, from ASOS to Hunter.
  • Average brand % sales conversion tracking at 12%
  • Global retail ecommerce sales were 2.3 trillion in 2017

Idea

LetsBab is a marketplace where you can access your favourite brands website with a single click. Shop and browse for yourself or recommend products to your friends. The platform pays every person 5% of the retail price for their recommendations in cash. What you do with the cash is up to you - keep it or donate it in the app. In-built AI technology also personalises the shopping experience for you.

We're setting out to democratise the voice of recommendation. Everyday we share our taste with friends. Currently the only people getting paid for their influence are influencers/bloggers, with companies spending billions on influencer marketing. We'd like a big chunk of this to go to you.

Global ecommerce sales were $2.3 trillion in 2017 and mobile commerce was worth over £1.4 trillion. The timing is perfect to capture a piece of this market share.

The Founder has invested $600k & we've raised $1.1m from an American seed investor. Brands are seeing 12% of recommendations converting into direct sales, & average users are spending >25 minutes a day on our app. We had a successful 3 month Beta ahead of go live, where >80% confirmed they'd use the app again.

We have 16 charity partners e.g. Cancer Research & Women for Women, & we’ve featured in the Observer, Marie Claire & Yahoo! Finance. In the democratic spirit of LetsBab we'd like to give you the opportunity to become an investor.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

To see the rest of the LetsBab pitch, join now. It's free, quick and easy.

Due to financial regulations, you need to join our community to view the full investment opportunity.

Join

Already registered?
Log in

Risk warning

Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Crowdcube is targeted exclusively at investors who are sufficiently sophisticated to understand these risks and make their own investment decisions. You will only be able to invest via Crowdcube once you are registered as sufficiently sophisticated. Please click here to read the full Risk Warning.

Crowdcube is authorised and regulated by the Financial Conduct Authority (FCA) and the Comisión Nacional del Mercado de Valores (CNMV). This page has been approved by Crowdcube. Pitches for investment are not offers to the public and investments can only be made by members of crowdcube.com on the basis of information provided in the pitches by the companies concerned. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

LetsBab has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Seed Enterprise Investment Scheme (SEIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 50 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.