Hello Hive mind 
I’ve come across this pitch on seedrs that has caught my attention. I like to invest in business I could / do use and like Fintech / Insurtech spaces as ripe for new entrants.
Has anyone else given this a serious look?
1 Like
I don’t remember having questions about my smart home features when I last renewed - wondered if that would make a real difference in the market? I get your point that they have no ‘moat’ so to speak of but if they get the branding right and execute even a bit they could be acquired fairly quickly.
Here’s another one for you. I invested last week.
Worth noting that KingsCrowd’s proprietary Merlin Rating Algorithm scored UpCounsel 4.8 / 5, ranking it in the top 2% out of the more than 700 active equity crowdfunding campaigns. Merlin is a paid subscription that I subscribed to earlier this year.
Closes Thursday with $3.3M invested to date.
2 Likes
not for crowdcube
hi ching, just into this space? mind to exchange contact?
@NeilB
I invested in January 21 before the rebranding when it was called Hiro.
For me the highlight was that Krystian Zajac and his team have already built an insurtech called Neos and successfully sold it to Aviva in 2017. You can check in his LinkedIn. This makes me think they are able to execute innovative business ideas in the space of insurance.
To my eyes, this year has been slow for Hiro/Locket. They have made lots of testing which did not generate any revenue, closed some agreements with security device companies and rebranded the company from Hiro to Locket.
Hopefully now they are cracking on with real business.
1 Like
Latest update from Wefunder here in the US. Top 3 charts are Wefunder specific and bottom one is an overview of the key CF players. I’ve invested in these guys 3 times so far.
Explosive growth and only really starting especially when you think that there are only just over 1 million people signed up for Wefunder. This is less than 0.3% of the US population and they accept overseas investments too.
1 Like
What do you guys feel about gohenry? Think it’s still hasn’t got huge growth prospects, but wondering how far it can actually go. Obviously I can’t do or change anything, but just curious on peoples thoughts.
1 Like
2 Likes
Thank for those, I would love to see that growth continue. But feel it must taper, as solutions from other banks are increasing. Also really feel they need to offer some banking solutions for 18+ for when the children reach that age - would be a shame to give away those millions of accounts as soon as they can start generating significant revenue and when they have taught these children great financial habits. Need to find an age profile for their children.
Also their valuation growth is a little lack lustre, hoping for some significant change. I have their last valuation at 155m. Feel with the right tweaks, it could easily hit £1b. Ie they could/should be offering kids isa and investment products.
Hope they get into schools more and starting adding more education content. Shared feedback with them before but they seemed to be happy doing what they were doing. Maybe soon.
Thanks for sharing those links.
1 Like
I’ve invested some in Love Cocoa on Seedrs in 2017, it raised £192,397
with pre-money valuation £1,201,674, is there someone else who also invested?
Company is now expecting to make £3.4-3.9m in revenue, and new round is expected in Q1 2022.
4 Likes
I invested too, actually it was my first ever Crowdfunding investment.
I just liked the story behind the founder being a relative of John Cadbury.
The value must be several times the original raise, which seems very low now compared to almost any other company raising on Seedrs or Crowdcube.
The chocolate is also very good!
2 Likes
I’m also invested. Thanks for recommending it here. You always have good picks!
1 Like
I’ve been aware of GoHenry since the start and have been a user with all of my kids. I’ve passed the opportunity to invest several times and still it’s there, growing and making me realise I missed this one. There’s still a way to go for them I think, moving into investing, rewards, gift cards, white label etc. They’re very creative with a good product velocity and unusually have a good level of revenue.
2 Likes
Was originally planning to invest in Klarna but I can see two things happening in the market currently which makes me think that they may have reached their high water mark. 1: Monzo etc are moving into this space and I think are trusted to “do the right thing” so why use Klarna when their Flex product is so easy. (other banks also doing this). 2: a bunch of negative press in the UK about BNPL currently. Given a lot of people only like to make ethical investments there’s a danger that they become the new gremlin in this space.
Also, tech stocks have been readjusting lately, there’s a danger you’ll be paying too much on this one.
2 Likes
More or less my thinking.
I’ll give it a swerve.
2 Likes
Klarna valued at £32,000,000,000
Think I’ll sit this one out
2 Likes
Yeah Klarna’s valuation is crazy and now majority of the US “hot” high value tech sectors are being going through correction.
Im doubting why this insider is doing this secondary sale with some discount?
1 Like