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Successfully funded
overfunded
LetsBab
125%
Raised
£377,510
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.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

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.