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-   -   Multi Currency Credit Card ["Revolut"] (https://www.englishforum.ch/finance-banking-taxation/240252-multi-currency-credit-card-revolut.html)

The_Love_Doctor 11.07.2016 14:25

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by Phil_MCR (Post 2621857)
I've pre-registered, but there's an additional barrier or having to have at least 4 (now 6) connected contacts on Revolut. I was thinking we probably have enough EF users here to connect with each other and qualify.

http://www.englishforum.ch/finance-b...ent-round.html

I couldn't find the company on crowdcube, but potentially it could qualify for EIS relief.


I've asked for your thread to be merged with this one and sent you a PM.

I am already on the list so far but I could easily be pushed out if the majority that meet the 1mil have more Revolut contacts than I do :eek:.

I am in no rush to invest in them to be honest, looks like they have a lot of people ready to throw cash at them, and although I think it's a great business, I don't know how they will manage the money so not gonna go out of my way to invest in them.

Phil_MCR 11.07.2016 14:41

Re: Multi Currency Credit Card ["Revolut"]
 
OK. The 1m on offer is already oversubscribed by 6x and requires (currently) 12 contacts - I guess 16+ as time goes on.

The_Love_Doctor 11.07.2016 14:43

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by Phil_MCR (Post 2621871)
OK. The 1m on offer is already oversubscribed by 6x and requires (currently) 12 contacts - I guess 16+ as time goes on.

Yeh it's insane :D

I mean this is only day 1!!!! The deadline is the 18th, I will not be annoying all my friends just to get them to sign up, so that I can invest in something that might or might not make any money! :msnsick:

The_Love_Doctor 11.07.2016 21:13

Re: Multi Currency Credit Card ["Revolut"]
 
This is looking more and more like a marketing stunt rather than a funiding exercise... They are clearly not short of people willing to support them financially.

Oh well I guess none of us will get a chance to have a share of the business that we love to use but at least we can be a part of the "experience"? :msnsarcastic:

Really hope this doesn't backfire on them! :D

ChrisNeedsToKnow 11.07.2016 21:42

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by The_Love_Doctor (Post 2622044)
They are clearly not short of people willing to support them financially.

Other companies, especially in the financial sector, could learn: Offer simple products which are worth their money = success


Quote:

Originally Posted by The_Love_Doctor (Post 2622044)
Really hope this doesn't backfire on them! :D

Having said the above, I hope so, too. It does seem more like a marketing stunt. Or they didn't think it through and didn't expect that much uptake.

With the current amount on the table they don't need any VCs.

But then again - would they all go through?

A bit of a mistery here!

Phil_MCR 11.07.2016 22:07

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by The_Love_Doctor (Post 2622044)
This is looking more and more like a marketing stunt rather than a funiding exercise... They are clearly not short of people willing to support them financially.

Oh well I guess none of us will get a chance to have a share of the business that we love to use but at least we can be a part of the "experience"? :msnsarcastic:

Really hope this doesn't backfire on them! :D

It's clearly just for marketing, it doesn't really make sense for them to take small shareholders. Esp. not through crowdcube.

The_Love_Doctor 11.07.2016 23:28

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by Phil_MCR (Post 2622061)
It's clearly just for marketing, it doesn't really make sense for them to take small shareholders. Esp. not through crowdcube.

You don't think they will go through with it in the end?

I believe they will, I mean it's a kind of pre-IPO valuation although an IPO might be a long way away... Will be interesting to see how much equity they will actually release in return for 1mil, 1%??? :eek:

I have limited to none existant knowledge when it comes to valuation, with any knowledge based purely on watching dragen's den :msntongue:

I like the product because I know how much money it saves me, but would I put money into it? It's a completely different ball game. A major player could buy them out or worse still replicate what they're doing...

That coupled with a fact I have no experience in this field (frankly noone does), I would rule myself from any investment other than a few hundred franks worth of a pure punt.

Phil_MCR 12.07.2016 00:03

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by The_Love_Doctor (Post 2622109)
You don't think they will go through with it in the end?

I believe they will, I mean it's a kind of pre-IPO valuation although an IPO might be a long way away... Will be interesting to see how much equity they will actually release in return for 1mil, 1%??? :eek:

I have limited to none existant knowledge when it comes to valuation, with any knowledge based purely on watching dragen's den :msntongue:

I like the product because I know how much money it saves me, but would I put money into it? It's a completely different ball game. A major player could buy them out or worse still replicate what they're doing...

That coupled with a fact I have no experience in this field (frankly noone does), I would rule myself from any investment other than a few hundred franks worth of a pure punt.

I think they will go through with it. But the 1m is just for marketing. They could have offered the full 8m to VCs without problem (they already signed up 7m in VC money).

To be honest, it would have made more sense for them to offer only to pre-existing CrowdCube customers - though I guess any potential investor will need to sign up with CrowdCube anyway.

FrostByte 13.07.2016 01:43

Re: Revolut investment round
 
Need 19 more. I'll send pms to both of you

The_Love_Doctor 13.07.2016 17:10

Re: Multi Currency Credit Card ["Revolut"]
 
So just a small update on the investment round announcement...

The number of contacts required to be on top of the list of the people, who are basically gonna get first refusal of the investment proposition, is now 26 :eek: with 5 days to go and 14 million pledged!

The number of people meeting the 26 contacts requirement is 189 which means on average the pledge is around 5000!

Phil_MCR 13.07.2016 19:22

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by The_Love_Doctor (Post 2623045)
So just a small update on the investment round announcement...

The number of contacts required to be on top of the list of the people, who are basically gonna get first refusal of the investment proposition, is now 26 :eek: with 5 days to go and 14 million pledged!

The number of people meeting the 26 contacts requirement is 189 which means on average the pledge is around 5000!

I think I'm out. 8 contacts I could have gone for but 26+. come on. a bit of a hassle.

The_Love_Doctor 13.07.2016 20:04

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by Phil_MCR (Post 2623086)
I think I'm out. 8 contacts I could have gone for but 26+. come on. a bit of a hassle.

I have 15 so far including 3 from EF. The rest I personally referred :eek:

By the they posted a message saying that they might cap the amount that can be invested so that might let others into the top and also given that not all the pledges will go through I guess there might be some further chances down the line.

Not gonna try and get anyone to sign up to be honest just for the sake of being able to invest, didn't eveb bother with contact invites.

beroot 14.07.2016 18:16

Re: Revolut investment round
 
Hey guys,

I am really interested in investing in Revolut too.

I will PM you!

Troublawesome 14.07.2016 18:37

Re: Revolut investment round
 
Ohh more new users with 1 post who are interested in investing!! Great!!

BAN THEM ALL :mad:

Phil_MCR 14.07.2016 19:14

Re: Revolut investment round
 
Just an update that I've pretty much given up on doing this given that the contact requirements have shot up. A number of PMs have asked me to share my existing contacts.

Needless to say, I think the phone numbers exchanged are something to be respected as private and not exchanged freely so anyone wishing to to exchange numbers can maybe post here and exchange between each other via PMs.

roegner 14.07.2016 19:46

Re: Revolut investment round
 
Quote:

Originally Posted by Phil_MCR (Post 2623655)
Just an update that I've pretty much given up on doing this given that the contact requirements have shot up. A number of PMs have asked me to share my existing contacts.

Needless to say, I think the phone numbers exchanged are something to be respected as private and not exchanged freely so anyone wishing to to exchange numbers can maybe post here and exchange between each other via PMs.

Thanks, appreciate your not sharing!

Phil_MCR 14.07.2016 21:48

Re: Revolut investment round
 
Just got a message that they reduced my investment amount and now the maximum you can invest is 5k. This basically means more people can invest and the contact requirements have been reduced.

The_Love_Doctor 15.07.2016 00:17

Re: Multi Currency Credit Card ["Revolut"]
 
A few developments on their facebook page today... :eek:

First someone pretended to work for them and started contacting people to try and get their details and worst still to maybe try and get them to invest! (Not clear)

Then they finally announced that they've set a cap on the investments to allow more people to be a part of it! :msntongue:

Phil_MCR 15.07.2016 00:25

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by The_Love_Doctor (Post 2623745)
A few developments on their facebook page today... :eek:

First someone pretended to work for them and started contacting people to try and get their details and worst still to maybe try and get them to invest! (Not clear)

Then they finally announced that they've set a cap on the investments to allow more people to be a part of it! :msntongue:

It probably makes more sense to split off these posts onto the other thread to stop polluting this one.

The_Love_Doctor 15.07.2016 09:49

Re: Multi Currency Credit Card ["Revolut"]
 
Quote:

Originally Posted by Phil_MCR (Post 2623747)
It probably makes more sense to split off these posts onto the other thread to stop polluting this one.

Maybe you're right :)

Will stop posting anything related to this investment thing on here.

But stop creating new threads about it! and please no more polls! :msntongue:


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