Wombat Invest, a mobile app helping millennials access investment opportunities, has launched a crowdfunding campaign on Seedrs.
The FinTech is looking to raise £250,000 in exchange for 9.07% of its equity. At the time of writing, Wombat has collected £213,087 from 74 separate investors.
This capital is being raised at a pre-money valuation of £2.5m.
Founded in 2017, Wombat Invest provides consumers with a free account from which they can invest up to £1,000 for free. The mobile app enables consumers to build a portfolio of funds which reflect their interests and beliefs, with the ability to either manually invest or automate the process.
There is also an option on the app to make automated savings by rounding up transactions and storing this extra capital on Wombat.
If a user makes a portfolio larger than £1,000, there is a £1 per month fee and 0.45% ETF fee.
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