Online alternative investment platform Crowdstacker has surpassed its £800,020 crowdfunding target.
The campaign, which is being held on the Seedrs platform, has raised up to £801,142 from 344 separate investors.
Crowdstacker has sold 3.93 per cent of its equity through the crowd sale. This crowdfunding campaign has put a pre-money valuation of £19.5m on Crowdstacker.
The company was looking to raise a minimum of $800,000 in order to support the next wave of its growth.
UK-based Crowdstacker is an FCA regulated online alternative investment platform, offering ISA eligible PSP loans, bonds and loan notes.
Once consumers have created an account they can search through a selection of businesses and invest from as little as £100 into their loan. Investors can choose to receive interest repayments on a monthly, quarterly, semi-annually or annually period. Capital will either be repaid during the term period or in full at the end.
To date, the company has helped to raise £51.66m and repaid £14.35m in capital and interest for investors, according to the company’s website. There are just under 8,000 members using the platform.
Earlier in the month, FinTech Global reported fellow UK-based WealthTech company Trezeo moved past the halfway mark for its crowdfunding campaign which has a £404,000 goal.
The company offers a mobile app that helps self-employed users with their financial security. The app enables a user to balance out their income to weekly wages, so that even when they are having time-off or in a slow week, they can still receive some money into their account.
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