Designed to allow people to invest in some of the world’s best-known brands for as little as £10, Wombat aims to launch their fintech platform by April 2018 in order to empower people to manage, save and grow their money in themed Exchange Traded Funds (ETFs).
At Wombat our mission is to empower generations to manage, save and grow their money. Our goal is to break down barriers that prevent people from investing. Wombat will allow people to invest in some of the world’s best known brands for as little as £10.
Wombat will operate a subscription and percentage of assets based model, charging a £1 monthly fee to all customers, a platform fee of 0.45%, and a ETF provider fee of 0.25%.
Wombat aims to run a lean operating model and leverage on new technologies. Expansion into Europe will follow.
The business model projects that recurring revenue, life time value (LTV) and monthly active users (MAU) will be high. More products are planned with the aim to further increase revenues, along with a premium subscription service.
A UK-based development agency is now briefed from a shortlist and ready to commence the project once funds are established. A Directors loan exists.
Wombat aims to launch by April 2018. A further £1-2 million pounds is to be raised within 12 months of operation to implement the second phase strategy.
- Year 1 we will build and market the product.
- Year 2 offer new products, premium subscription and expand into Europe.
- Year 3 will aim to launch new products and further grow internationally.