BankToTheFuture.com launch takes place at Kensington Roof Gardens with the backing of Sir Richard Branson
Online Equity CrowdFunding platform BankToTheFuture.com, recently celebrated the launch of the next phase of their platform at Sir Richard Branson’s Club in Kensington, after receiving praise from Sir Richard Branson himself in the Telegraph. The launch was attended by over 400 investors, intermediaries and entrepreneurs. At the event they launched a £2m bid to CrowdFund BankToTheFuture.com
After recruiting team members to the board who were involved in launching the UK’s largest peer to peer lending firm, Zopa, and that helped Metro Bank secure the first retail banking licence for a startup bank in the UK in over 100 years, BankToTheFuture.com has joined the UK Business Angel’s Association to engage with the new and traditional angel community / angel networks.
At the moment BankToTheFuture.com has a small number of pitches on the site offering a hybrid of both equity to investors and rewards to the crowd.
As of October 2013 over £700,000 has been pledged, invested or backed to pitches listing on BankToTheFuture.com with over 3,700 registered investors that is increasing daily. Updated figure can be seen live on their home page.
After securing a small amount of funding for 8 businesses, they are now moving out of beta and hope to secure an investment banking licence to build what could be the first ‘Crowd-Investment Bank’
At the moment their main point of differentiation from other CrowdFunding platforms is that they spend four weeks incubating businesses before they pitch on BankToTheFuture.com, making sure they are ‘Crowd-Investment ready’ with a good video pitch, realistic valuation, tax efficient with their SEIS / EIS application made, agreed legal terms and have completed a full business plan.
CEO of BankToTheFuture.com, Simon Dixon, also a director of UK CrowdFunding Association said “We are committed to the democratisation of investing, where smaller investors can co-invest alongside other investors. We look forward to making the process of investing in private companies more inclusive, transparent and simpler for investors managing a large portfolio. We have ambitious goals to bring Crowd Finance mainstream and believe we are shifting from a world where financial institutions are determining who gets funded, to people determining who gets funded”.
The Uk Business Angels Association joined the celebrations at the launch party in Kensington Roof Gardens and were impressed by the number of investors, financiers and entrepreneurs that were present.
Even Rachel Elnaugh, one of the original Dragon’s from the hit BBC TV series Dragon’s Den shared her thoughts about BankToTheFuture.com and CrowdFunding. Here is what she had to say: https://www.youtube.com/watch?v=N3uzntqSEPE
You can see how the bid is getting on here as well as the pitch video from the BankToTheFuture.com team. You can also attend one of their events to meet the companies pitching for finance here.