London-based fintech startup Coinrule has secured €570K, an amount over 200% of its target via a crowdfunding campaign on Seedrs. The startup is said to be valued at around €5 million now.
Proceeds from the funding round will enable Coinrule to increase the headcount of its team, expand into the rapidly-growing market of tokenized stock trading and to make finance accessible for everyone.
Founded in 2017 by Gabriele Musella and Oleg Giberstein, Coinrule is a meta trading platform that enables users to engage in cryptocurrency trading across multiple crypto exchanges. It lets these users automate investments across several platforms to safeguard the user’s funds and clasp the next great market prospect without having any coding skills. To be more precise, it’s an innovative tool for all non-professional traders, hobbyist investors, would-be traders and the over-all public wanting to manage their investments.
This year (2020), Coinrule saw its user base increase by more than 2x, it even grew the number of people in its team and now has over ten thousand trades running on the platform every single month. The startup’s mission is to democratize access to investment opportunities through automated trading. The Coinrule team remarked that the recent crowdfunding campaign gives its users, the general public and fintech fanatics the chance to support a business they have faith in and in return benefit from the startup’s success.
CEO Gabrielle Musella said about the capital raise that it is a big proof that their vision for financial inclusion and impartial financial markets is a shared one that they, at Coinrule, promise to deliver regardless of any unanticipated storm.
Seedrs is an equity crowdfunding platform based in East London’s Tech City. It was founded in 2012 by Jeff Lynn and Carlos Silva as part of an MBA project at the Saïd Business School at the University of Oxford. It is on a mission to enable all types of investors to invest in businesses they believe in and share in their accomplishments. The crowdfunding platform helps all types of growth-focused businesses to raise capital and a community in the process. Its exclusive service protects and empowers investors whilst helping businesses grow and generate returns. It has partnered with multiple companies, such as the UK Crowdfunding, UK Business Angels Association, Innovate Finance and British Private Equity & Venture Capital Association. It has been recognized as the most active investor in private companies in the UK.
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