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  #181  
Old 11.07.2016, 14:25
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Re: Multi Currency Credit Card ["Revolut"]

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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 .

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.
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  #182  
Old 11.07.2016, 14:41
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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.
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  #183  
Old 11.07.2016, 14:43
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Re: Multi Currency Credit Card ["Revolut"]

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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

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!
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  #184  
Old 11.07.2016, 21:13
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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"?

Really hope this doesn't backfire on them!
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  #185  
Old 11.07.2016, 21:42
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Re: Multi Currency Credit Card ["Revolut"]

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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


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Really hope this doesn't backfire on them!
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!
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  #186  
Old 11.07.2016, 22:07
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Re: Multi Currency Credit Card ["Revolut"]

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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"?

Really hope this doesn't backfire on them!
It's clearly just for marketing, it doesn't really make sense for them to take small shareholders. Esp. not through crowdcube.
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  #187  
Old 11.07.2016, 23:28
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Re: Multi Currency Credit Card ["Revolut"]

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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%???

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

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.
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  #188  
Old 12.07.2016, 00:03
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Re: Multi Currency Credit Card ["Revolut"]

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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%???

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

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.
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  #189  
Old 13.07.2016, 01:43
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Re: Revolut investment round

Need 19 more. I'll send pms to both of you
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  #190  
Old 13.07.2016, 17:10
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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 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!

Last edited by 3Wishes; 16.07.2016 at 11:59. Reason: see PM
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  #191  
Old 13.07.2016, 19:22
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Re: Multi Currency Credit Card ["Revolut"]

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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 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.

Last edited by 3Wishes; 16.07.2016 at 11:59. Reason: removed part of quoted text
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  #192  
Old 13.07.2016, 20:04
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Re: Multi Currency Credit Card ["Revolut"]

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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

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.
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  #193  
Old 14.07.2016, 18:16
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Re: Revolut investment round

Hey guys,

I am really interested in investing in Revolut too.

I will PM you!
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  #194  
Old 14.07.2016, 18:37
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Re: Revolut investment round

Ohh more new users with 1 post who are interested in investing!! Great!!

BAN THEM ALL
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  #195  
Old 14.07.2016, 19:14
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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.
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  #196  
Old 14.07.2016, 19:46
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Re: Revolut investment round

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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!
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  #197  
Old 14.07.2016, 21:48
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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.
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  #198  
Old 15.07.2016, 00:17
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Re: Multi Currency Credit Card ["Revolut"]

A few developments on their facebook page today...

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!

Last edited by 3Wishes; 16.07.2016 at 12:00. Reason: see PM
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  #199  
Old 15.07.2016, 00:25
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Re: Multi Currency Credit Card ["Revolut"]

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A few developments on their facebook page today...

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

Last edited by 3Wishes; 16.07.2016 at 12:00. Reason: removed part of quoted text
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  #200  
Old 15.07.2016, 09:49
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Re: Multi Currency Credit Card ["Revolut"]

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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!
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