Crowdcube is launching its equity crowdfunding solutions in France.

<strong>Crowdcube is launching its equity crowdfunding solutions in France.</strong>
Finance

Equity crowdfunding is more popular in the US or UK than in France as few French startups turn to their user communities to raise new funding. Now, Crowdcube is bringing its equity crowdfunding solutions to France.

Due to the latest regulatory changes, Crowdcube, a British investment platform, is officially launching in the French market.

It started with the crowdfunding campaign recently witnessed in the French tech ecosystem under the Finary’s Series A round.

Finary plans to re-create private banking with a complete financial aggregator that’s combined with good financial recommendations.

The company equally aimed to raise some of its Series A round from its community through Crowdcube. This makes sense since Finary has wealth management solutions, and its crowdfunding rounds represent alternative investment options.

This aim has been successful as Finary managed to raise €2.17 million from 983 Finary users within 21 minutes. Users saw the chance to invest anything, ranging from €10 to €5,000. Averagely, they each invested €2,200 to become Finary shareholders.

Qonto is another French crowdfunding campaign on Crowdcube. This is significant because it’s a highly valued French startup. 

The firm provides business bank accounts to medium and small institutions in Europe. In early 2022, Qonto disclosed a $552 million Series D round (€486 million) at a €4.4 billion valuation.

Qonto concentrates on its user base in Italy, Germany, France, and Spain. Its customers pre-registered before April 19th, following the official launch of its campaign.

On the impact of equity crowdfunding in France, Pauline Pham, the Crowdcube Country Manager in France, said, “Companies enjoy the community aspect of equity crowdfunding more than the fundraising element. You can see it in Crowdcube’s track record in other countries”.

In addition, some other great startups have raised funds via Crowdcube. They include Monzo, Revolut, Cowboy, Citymapper, and Freetrade. They’re consumer startups with millions or thousands of users.

Though Crowdcube tends to be a perfect match for fintech firms, it doesn’t aim to limit its operations to trendy tech institutions. The company is out to touch other sectors. 

Pham confirmed, “we are not just thinking about tech companies but all sorts of unlisted companies.”

Crowdcube is an investment platform that makes it easy to purchase shares in Europe’s top private businesses.

Whether you’re an experienced or beginner investor, you can join its million-strong community by creating a portfolio of startups and other businesses to deliver great returns.

Image by Beppe from Flickr

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