• InvestEngine’s second crowdfunding round has closed with the fintech raising over £1.94 million, significantly surpassing its £1.25 million target by over £700,000. 
• Funds have been amassed from 1134 different investors 
• The round will support InvestEngine as it moves into exciting new areas and products this year – including savings plans, workplace investing, and self-invested personal pensions. 
• The fundraise comes after a first successful crowdfunding campaign last year, and strong subsequent growth in users and funds managed. 

Exchange-Traded Fund (ETF) investment platform InvestEngine’s second crowdfunding round closed with the fintech raising over £1.94 million, significantly surpassing its £1.25 million target.  

InvestEngine entered overfunding early, beating its target within the first 24 hours of the round being open. Upon closure, funds have been amassed from 1134 different investors.  

The money raised will aid the fintech in becoming the ETF distributor of choice for the world’s leading ETF providers, leveraging the global reach of asset managers including BlackRock, Invesco and Vanguard.   

It will also support InvestEngine as it moves into exciting new areas this year – including savings plans, workplace investing, and self-invested personal pensions – enabling more people in the UK to utilise ETFs and the diversification and reliability they offer, as a means of growing their wealth and reaching their long-term financial goals.   

The round comes after InvestEngine’s first successful crowdfunding campaign last year, and strong subsequent growth. In April 2022, InvestEngine’s first Crowdcube campaign welcomed 1,120 investors and closed in just 7 days, raising £1.3m. Since then, the fintech has seen many milestones and achievements, including:  

·        Quadrupling its active users to over 25,000  

·        Client assets under administration tripled to £175m  

·        Earning more than 3,500 five-star reviews across TrustPilot, Smart Money People & the App Stores  

·        Winner of ETF Buyer of the Year, and Best ETF Investing Platform Awards from ETF Stream and Good Money Guide 

·        Clients have transferred over 3,000 ISAs to InvestEngine from the industry’s leading investment platforms 

·        Named as 1 of only 4 UK investment platforms to achieve growth in 2022 (Direct Matters Fundscape report) 

·        Increasing their commission-free ETF range to over 550 from the likes of Vanguard, iShares and Invesco 

ETFs are a basket of securities that trade on an exchange and can contain securities like stocks, bonds and commodities. Investment funds like ETFs are considered a lower-risk investment because of the increased diversification over single-stock investing, by holding multiple stocks or other securities.  

The success of InvestEngine’s fundraising is testament to the opportunity in ETF investing, with global ETF assets soaring past $10 trillion in 2021 and forecast to grow 17% annually in 2026. Last year saw a $1.5 trillion gap in the flow of money from old-school Mutual Funds in favour of ETFs.  

Andrey Dobrynin, Co-Founder of InvestEngine said: 

“The global market for ETFs has experienced phenomenal momentum in the last five years. And our second successful crowdfunding round only proves there’s widespread belief that this market will continue to boom.  

“For us as a company, this round’s success will support us as we continue our mission to bring the benefits of ETFs and our platform to more people, offering great value, excellent diversification, and simple but powerful investing automation.  

“We’re looking forward to another strong year of growth as we expand into exciting new areas and products that meet the needs of new and experienced investors alike, making investing more accessible, and helping people to take greater control of their long-term financial goals.” 

ENDS 

NOTES TO EDITOR  

Media contacts  

Robyn Margetts / Ed Rowley / Alex Fry / Rachel Mason: [email protected]   

About InvestEngine   

InvestEngine offers commission-free ETF investing for individuals and small businesses, with the tools to help build and manage better portfolios. A DIY investment platform specialising in exchange-traded funds, we provide access to hundreds of ETFs from iShares, Vanguard and other leading investment brands. Individuals can invest via our Personal Account or ISA, while SMEs can invest via the InvestEngine Business Account. We also offer professionally managed portfolios of ETFs for just 0.25% a year (ETF costs also apply). The minimum investment across all our accounts and services is just £100.   

Launched in May 2019, InvestEngine was founded by Simon Crookall, a highly experienced wealth manager who previously co-founded Gumtree, the classified ads website.   

InvestEngine is authorised and regulated by the Financial Conduct Authority (firm reference number 801128) and covered by the Financial Services Compensation Scheme (FSCS).