So in partnership with Deloitte, Green Shores Capital and Linklaters, Crowdcude are offering winners of their new January Fintech competition, a share of £500k investment. This will be split 3 ways, according to the article in Forbes - here
In order to be eligible to enter, Fintech start ups must be on Crowdcube raising money. Having access to a £500k is fantastic for Fintech start ups but then it may depend on the terms being offered, as this is an investment not a hand out. No details on that appear in the Forbes article. We assume if the terms cant be agreed the investment, much like so many 'agreed' on Dragon's Den, will come to nout. In that case it would just be a PR stunt.
The rather odd thing is that there is only one company that you could tag as 'Fintech' currently on CC and that one is only 53% funded with 8 days to go. So not exactly a caste iron certainty.
So we have to assume that the platform and its partners know that 3 suitable investment opportunities are booked and ready to go live before the 31 January. Which rather spoils the idea of a competition we think. But that's just our opinion - we certainly wouldnt wish to raise the ire of an internationally recognised law firm! Not again!
PR comes to mind, especially as the article is accompanied by shot of Luke Lang's cheeky grin.
