Updated: Sep 13, 2020
It's quite a fintech-heavy crowdfunding update today, I hope that you enjoy and don't mind that it's quite chunky!
Tandem Bank have closed £60m funding round (private). The funds will be used to pivot the business from a credit card oriented fintech to a savings oriented one. The funding round was a downround, representing a drop in valuation from ~£160m down to ~£90m.
Fronted, the rental deposit lending fintech (Klarna meets Purplebricks) has received investment from passion capital (famed early VC investors in Monzo) through the future fund. Fronted had previous plans for a crowdfunding round thwarted by the pandemic earlier this year; The founder has stated a crowdfund remains a possibility, but only after fronted have launched and gained traction.
Plum is entering the investment space, soon to be offering pension and share-dealing products. They also plan to launch cashback features. This news follows their £7.8m series B round.
Curve, the banking scaleup may crowdfund to top up their rumoured series C; Crowdcube recently sent out an email to gauge demand rather than pre-register, suggesting a crowdfund is not a certainty. Curve has grown from 500k to 1.4m users since their crowdfund, and have a US launch planned imminently. Their recent product iterations include a credit product that rivals Klarna, and a loyalty card product that rivals Flux, etc. The fintech have had to deal with a fraud scandal from their card issuance partner Wirecard this year, and previously dealt with bad press from the financial times - associated with the opacity of their last crowdfund.
Private Live Campaigns 👤
Zazu - african banking startup. Invest here.
💡 This is a private round and therefore, whilst you can still invest, alot of information is restricted to existing investors (Especially when it's a pre-emption round).
Upcoming Campaigns 📆
DeadHappy - Octopus ventures-backed Insuretech startup. Pre-register here.
Dozens - Banking fintech. Pre-register here.
Bnc10 - Spanish banking startup; Bnext competitor. Pre-register here.
Roostermoney - Banking app for kids; Gohenry competitor. Pre-register here.
Tandem Bank - Upcoming pre-emption campaign for the once credit card oriented (now savings oriented) neobank.
Chip - Savings fintech. pre-register here.
The pitch deck library is very much still in development, and it will likely be a few months until I have something worth launching. Please continue to feel free to send any pitch decks (failed companies only for now) to firstname.lastname@example.org. it's the last ingredient I need 👌Thank you!
Dont forget that crowdfeed has an app! 😍 You just download the Wix app on the play/app store and use invite code "6M1FGU" or just click here.
Thanks for reading! Please do let me know your thoughts on these campaigns and news in the comments. Feedback is always appreciated too! 🤗