Luke Lang, Crowdcube's CMO and Co-Founder.
Fintech accounted for 38% of Crowdcube’s funds raised in Q3 2019
Crowdcube’s revenues last quarter hit £2.2m.
Crowdfunding giant Crowdcube was buoyed by the meeting of fintech and crowd investing last quarter, with 38% of the £39m invested via its platform going to fintech startups.
Curve (£5.3m), Chip (£3.9m) and Gohenry (£1.5m) were among the fintech fundraising leaders in the three months to the end of September, which helped push Crowdcube’s revenues over £2m to £2.2m for the first time.
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In total 62,000 pledged investments were made, totalling £58.7m, although not all of these pledges will translate into investments.
Crowdcube also said that its Spanish operation had turned a profit, while its UK operation remains in the red.
Fintech’s relationship with crowdfunding appears to know no limit, last year Monzo raised £20m via crowdfunding, Freetrade has entirely funded its business through crowdfunding to the tune of £6.7m, and Nutmeg topped up its Goldman Sachs haul with an additional £3.8m from the crowd.