Wombat was founded to make investing easy, accessible and stress free - for everyone. Backed by serial technology investors including Fuel Ventures and the former UKBAA Angel Investor of the Year, they’ve grown to over 230,000 users and are operating in the UK's £2.5trn investment platform market.
Millennials in the UK are set to inherit £327bn in the next 10 years and yet, despite the recent proliferation of FinTech, almost half of them consider their long-term financial future to be their primary stress driver.
That’s why we founded Wombat; to break down the traditional barriers of investing and empower people to take control of their financial future.
Through our app, users can choose to back the brands they believe in by investing in curated themed funds, or directly into global companies. Commission-free, fractional investing means they can get started from just £10 and our automated investment and roundup features make investing completely effortless.
We charge one of the lowest AUM fees in the market, from our beginner Standard plan to our Instant investing plan, and give investors 0.2% cashback on every investment they make.
Since our launch, we’ve grown to 230,000 users with 15% MoM growth on average. We’ve built a product that our users love, with 22% organic downloads and hundreds of 5 star ratings on TrustPilot and the app stores. We’ve also built a team and advisory board jam-packed with experience from the likes of Deliveroo, Revolut, Etoro and Hargreaves Lansdown.
We’re now raising investment to accelerate our growth and begin to execute our product roadmap, we are planning the launch of our crypto and pension products later this year.