The Latest Crowdfunding News – 2/6/16
The Latest Crowdfunding News
Hi guys and welcome to our first crowdfunding blog post of the month. As usual, we will be travelling around the world for the latest crowdfunding updates. Our journey starts in the capital and we take a look at digital challenger bank Tandem who smashed their crowdfunding target in minutes to ending our journey in the Åland Islands. Missed our last crowdfunding updates? If so, catch up here.
Tandem Smashes Crowdfunding Target In Minutes
Digital challenger bank Tandem smashed its crowdfunding target in minutes. The London based company raised £1m in just 20 minutes via crowdfunding platform Seedrs.
Due to the high demand from investors to get involved with this London Fintech company, Seedrs experienced a glitch on their site. Another digital challenger bank, Mondo experienced something similar when it raised £1 million in just 96 seconds!
Tandem revealed ahead of their crowdfunding campaign that it has so far raised £22m from high profile investors such as eBay founder Pierre Omidyar and several Silicon Valley venture capital firms.
The surge in investor interest in challenger banks just goes to show how people still have a distrust of high street banks and are seeking an alternative. A fintech revolution could be upon us.