Chip, the London-based fintech that created an automatic savings account, has raised £7.3 million, with £3.8 million crowdfunded by customers and the remainder from unnamed angel investors. The campaign ran for three weeks in September and is currently Crowdcube’s most participated-in crowdfund, with 7,182 investors. The startup provides a free app “to make saving as […]
Lemon Way, a Paris-based payment processor for marketplaces and crowdfunding platforms, has raised €25 million from Toscafund Asset Management. Bootstrapped for twelve years, this is the company’s second investment round to strengthen and expand its presence across Europe. Lemon Way offers payment processing, wallet management, and third-party payments. The platform serves 1,400 marketplaces and partners […]
This week, Andrii Degeler and Natalie Novick discuss the mega-round of Babylon Health where the controversial fund PIF was among the investors, the tax relief claimed by Rockstar North that hasn’t paid corporation taxes in years, new research on e-scooters and climate risks, Cloudflare dropping 8chan, and much more. In addition to that, listen to an interview with Conny Weber, senior research analyst at the European Crowdfunding Network.
Editor’s note: This interview has been recorded and published as part of a content project in collaboration with the Japan External Trade Organization (JETRO). Gary Dushnitsky is an associate professor at London Business School who researches and teaches entrepreneurship, with a focus on early-stage startup funding models. He described his job as trying “to bring in […]
Dutch ethical smartphone manufacturer Fairphone has raised a total of €20 million in funding and debt over the past few months. Back in August, the company closed a €2.5 million equity crowdfunding campaign, which was followed by a €4.5 million funding round from social impact investors DOEN Participaties, PYMWYMIC, PDENH, and Quadia. In addition to that, […]
UK-founded challenger bank Monzo has announced an equity crowdfunding campaign to start on December 5th, in which the company plans to raise up to £20 million from its customers. The news comes less than a month after Monzo raised £85 million at a £1 billion valuation in a funding round led by Accel and General […]
One of the major European equity crowdfunding platforms, the UK-based Crowdcube, has raised £8.5 million in funding. The round was led by Draper Esprit, which took a £6 million stake, with participation from Channel 4 and Balderton Capital. In addition to this, on November 14 Crowdcube will launch a crowdfunding campaign on its own platform […]