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Technology

EverUp

Status: Active

Dec 7th 2020 - Jan 15th 2021

EverUp is the UK's first digitally-native prize-linked money account. The company's objective is to shift consumers from the conventional savings account to an application that rewards users with virtual coins for the money they save. Users can then use the virtual coins to play EverUp's online games or lottery events and win tax-free, cash prizes, or more virtual coins to play. The company envisions to build a full-scale financial hub where its customers can accomplish all types of financial transactions. EverUp will reward users for solidifying good financial behaviours through a prize-linked suite of products. EverUp has been accepted by the Financial Conduct Authority (FCA) Innovation Hub to act as a registered Electronic Money Institution (EMI). EverUp is soon going to launch its application across iOS and Android. The company will use the investment to fund its initial operations and earn market traction.

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EverUp Rating Review

Rated on 14/12/2020

Pitch Rated

57%

Insufficient Data

Management

90%

Product

80%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

Pitch rating powered by CROWDRATING

  • £478,889
    pledged
  • 319%
    of goal

    £150,000
    target

    £3,998,036
    pre-money valuation

    3.61%
    equity available

    749
    investors

    £639
    pledge per investor

    12462608
    company number

    Active
    company status

    14/02/2020
    incorporated 12 months

    £3.25
    share price

    Previous Funding rounds
    07 Dec 20 Crowdcube £478,889 / 319% 56.67%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating
Click here for more information on our ratings
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Management 90%

Skills 91%
The management team at EverUp includes skilled professionals with expertise in their functional areas, streamlining its overall operations. It consists of three experienced founders, a Head of Product, and a Head of Logistics. The Founder/CEO is a senior executive with expertise in business strategy, private equity, mergers and acquisitions, investment banking, and corporate finance. He has prior experience of working at the same stage of business growth and also takes responsibility as the finance head in the company. The Co-founder/COO is a former online gaming executive and entrepreneur with expertise in the gaming industry, hedging, and new business development. The Chairman is a strategic consultant, building businesses within BCG, and helping companies to learn to innovate and problem-solve. He is competent in management consulting, business transformation, and corporate development. The CTO is an experienced IT leader with extensive knowledge of service-oriented architecture (SOA), distributed systems and highly scalable software architectures. He specialises in Microsoft SQL server, agile methodologies, business intelligence, and .net framework. The CMO is a result-driven digital marketing manager with comprehensive experience in areas of marketing operations, project management, and strategic planning. He is well versed in providing cross-functional leadership and overseeing associated functions that include business development, digital and traditional media, marketing analytics, user acquisition, relationship building, and content strategy.

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  • £478,889
    pledged
  • 319%
    of goal

    £150,000
    target

    £3,998,036
    pre-money valuation

    3.61%
    equity available

    749
    investors

    £639
    pledge per investor

    12462608
    company number

    Active
    company status

    14/02/2020
    incorporated 12 months

    £3.25
    share price

    Previous Funding rounds
    07 Dec 20 Crowdcube £478,889 / 319% 56.67%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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