Wombat is a London-based fintech founded by Kane Harrison in 2017 that offers a mobile-first fractional micro-investment platform for newcomers to investing. The product includes an instant investment account with commission-free trading and cashback rewards. Users can build personalised portfolios from themed funds and individual shares, and begin investing from €10. The company has raised over €4.5 million in its latest funding and plans to increase investment in marketing and product development. Wombat intends to use the funding to support growth and expansion into Europe. It competes with the likes of Robinhood and Trading 212 in the U.K. Wombat is a London-based, mobile-first investing platform that offers themed and curated fractional investments in household brands like Apple, Tesla, Ocado and Netflix. Founded in 2017, the app targets novice investors with low-cost, automated features such as round-ups and drip-feed investing, and permits users to start experimenting with as little as £10 a month. Recent product additions include instant deposits, and the company plans a 2021 roadmap that includes a referral programme, pensions, and expanded themes and shares. Wombat says it follows a Warren Buffett-inspired approach of investing in brands users know and use. The company has been hiring — adding a Head of Marketing and two Growth Marketing Managers — and is recruiting a Senior Android developer. Marketing traction includes ~40% organic referrals. Wombat was also nominated for the British Bank Awards in recognition of its innovation in shares investing.

Total raised

$7M

Funding rounds

2

Latest round

Series A

Latest activity

Aug 2022