We’re Crowdfunding 🎉Thanks to our lovely community’s support, in the past two years Movebubble has expanded in London, becoming its #1 rental app, as nominated by the Evening Standard in 2016.
Many of our renters and agents have asked how to become part of what we’re building, so we’ve started our first crowdfunding round to give everyone the chance to get involved.
Our mission, is to make renting better for the world’s renters, and we need your help to succeed. That’s why we’re so excited that you can now help us shape the future of renting!
We are raising £800,000 in this funding round in exchange for shares in Movebubble. Sound exciting? Read on and find out more about how to invest and what equity crowdfunding is about.
Why should I consider investing in Movebubble?Since launching the app 2 years ago, we’ve helped more than 150,000 renters move in London. We now want to improve our product in London and get ready to move into new cities, so we can help even more renters find their dream home and connect with properties effortlessly, 24/7.
Thanks to your support, we will be able to continue shaping the future of renting for a larger community of people, and to improve our apps for existing users.
Are there limits on how much I can invest?The minimum investment amount is £22, which means everyone has an opportunity to invest in our future! For more information, you may want to check out Seedrs’ “How to invest” guide here.
How I get a return?Investors will receive shares in Movebubble. If Movebubble makes an exit further down the line via an IPO or a trade sale, or if the company’s valuation increases, you could make a profit on your investment. People investing in an early-stage business like Movebubble should assume their shares are illiquid. There is no simple way to sell shares until there is an exit event like IPO or trade sale.
The Seedrs Secondary Market allows investors to buy and sell shares from each other. As of right now, only existing shareholders in a business are eligible to purchase shares. The market will open for one week on the first Tuesday of every month for investors to list their shares for purchase. However, not all shares will be eligible for the Secondary Market, and even those that are will depend on demand for the ability to buy and sell. Also, the existence of a secondary market doesn’t mean that an early exit will automatically be available.
What fees do Seedrs get?Investors are only charged if the business they invest in increases in value and they exit their holding (e.g IPO, trade sale, secondary market sale). Seedrs charges a fee of 7.5 percent on any profit made (ie, in excess of the capital invested) on investments held by a Seedrs nominee. There are no ongoing charges for administration or management fees for acting as a nominee.
How do I make an investment on Seedrs?You can simply invest from this page. In order to be able to complete the procedure, you will need to certify as an investor and to provide a screenshot/photo of a utility bill and passport/license to pass the KYC (Know Your Customer) process. Seedrs has to do this as a regulated FCA business to ensure there is no money laundering activity on our platform. Once you have passed KYC, simply enter the amount you would like to invest and voilà… you’ve invested in your chosen campaign. Also, you can either pay by card or by bank transfer. Remember that your capital is at risk.
What is KYC and why do I have to pass it?The KYC (Know Your Customer) checks are in place to ensure there is no money laundering activity on Seedrs. Most investors will be able to pass KYC automatically by inputting their details, however some may require a manual check. This mostly happens if, for example, you have recently moved and it isn’t yet reflected in various online databases. As a result, you will need to pass a manual check. We will ask you to send the following supporting evidence to firstname.lastname@example.org and they will aim to get them approved as soon as possible:
- government issued photo ID;
- a proof of address document (utility bill, bank statement, or letter from a local / national authority) showing your full name residential address and dated within the last three months.