Crowdrating takes a stab at giving punters information about companies that are raising money via Equity Crowdfunding platforms.
When it launched a couple of years back, it was accused of trying to get companies to gain better ratings for cash. Thankfully this practice has ceased; we think. We wrote them before here and the comments are worth a read.
Now what they have is a very basic analysis by what are a team of young interns with little real business experience. When I say basic I mean BASIC. They award medals for various categories - with Gold Silver or Bronze. Illustrations are included. Your 6 year old would feel at home.
Funnily enough they gave Appetise, which has failed to raise money on Crowdcube, two Golds and a Silver - so that is an illustration of the penetration the site has.
As with all things to do with Equity CF, they have come up their own stats, showing how well their Gold companies have done versus their Bronze ones. You might ask so what if no one is reading it. All they are proud of is the fact that only 2 of the 25 Golds (out of a rated total of 384) are showing distress. The other 23 are still trading. Its so vague as to be pointless. When we last wrote about them it was 24/25; so the odds are worsening.
The only real interest here is that of the 384 reviewed companies only 25 get a decent rating. That does fly in the face of what Crowdcube tells everyone about their companies.
We offer a much better service for free - currently. We have a 100% record of being right or your money back.
So now if you want Crowdrating's information and to look at decorative medals, you will have to pay £5 per month for a basic package or £10 for what they call their premium service.
Wheatfromchaff Ltd - the controlling company - shows increasing losses and a BS in the red so maybe it is time to either get the cash flowing or move on. There is room for a similar service but it has to be more detailed and more accurate and not presented in such a mickey mouse way.
We're on it.