UnderPinned’s Crowdcube Spherical Surpasses £500,000 Funding Goal

UnderPinned, a UK-based startup that’s constructing a one-stop answer for freelancers and purchasers, has efficiently secured its preliminary £500,000 funding goal via its fairness crowdfunding marketing campaign on Crowdcube. Based in 2018, UnderPinned describes itself as a platform that helps freelancers from all industries in growing their careers, whereas additionally retaining them plugged into city life-style and tradition.

“Via a web-based journal, partnership community and new enterprise growth app, UnderPinned presents related content material, a set of greatest in school services and products, and an inspiring group that can underpin the following era of freelance staff whereas aiding the expansion of freelancers within the present market.”

UnderPinned’s cellular app has not too long ago went stay and has greater than 2200 customers. The corporate claims a price of acquisition over seven occasions decrease than the business common. UnderPinned’s current companions embrace Starling Financial institution, Digital Threat, Banked, IPSE.

“UnderPinned goals to put a brand new basis for the freelance financial system by providing a one-stop answer for freelancers to search out work, handle work and receives a commission, and for purchasers to handle their project-based workforce. One month-to-month subscription takes purchasers from proposal to fee, end-to-end, tackling points they might face similar to recruitment charges, fee, and complicated administration for project-based work.”

Funds from the Crowdcube spherical will likely be used to proceed the expansion and growth of the UnderPinned platform. The corporate is presently providing 8.06% in fairness at a £5.7 million pre-money valuation. The marketing campaign is about to shut later this week.