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Successfully funded
Wombat Invest
  • Equity
83%
Raised
£209,160
Investors
479
Target
£250,000
Equity
25.51%
Pre-money valuation
£730,000

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).

  • UK based agency appointed to commence the project post-funding
  • Wombat enables you to invest in themed funds for as little as £10
  • Past entrepreneurial experience within the team
  • The company aims to expand into Europe in the future
Information The company had £150,000 of its SEIS allowance remaining at the start of this raise. This will be allocated to investors on a first come first served basis. Any investments made after that limit has been exceeded will not be SEIS eligible but will potentially be eligible for EIS. The potential tax relief of any investment will be confirmed by email to investors, after they have submitted their applications to invest, and will depend on an investor's individual circumstances. The pitch has had a further extension and will expire at midnight on the 12th February 2018.

Idea

Our Mission:

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.

Business Model:

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%.

Financials:

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.

Projections:

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.

Timeline:

- 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.

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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.

Wombat Invest 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.