London-based Wombat Invest has quickly become one of the fastest-growing investment apps and services available in the UK. Competing head-to-head with Robinhood and Trading 212 and helping thousands of people take their first steps in investment, the Britain startup has some big plans to capture the global market in the coming years.
In a recent chat with UKTN, Wombat’s founder and CEO, Kane Harrison informed that Wombat Invest now plans to offer services across Europe and are in the early stages of preparing a £10 million Series A funding round. They intend to begin the process of expansion into specific European countries early next year. Currently, the company didn’t reveal any information on the investors but watch out for this space for more information soon.
Grown-up investment, simple enough for a child
The roots of Wombat Invest can be found in CEO Kane Harrison’s teenage years. An Australian — he moved to the UK ten years ago — at 15 he was earning around AU$300 a month working as a checkout operator. His father, who worked in banking, advised him on investment, but the costs, both of stock and fees, meant Harrison had to save a significant amount before he could buy shares. ...