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Status: Active

Jan 26th 2021 - Feb 25th 2021

Sendit.Money is a remittance entity. It argues that individuals sending or receiving money in emerging markets can face insecure processes, slow transaction times and incur high costs. Sendit.Money asserts that this is because non-fiat currencies are changed multiple times before they are received. The company aims to change this. Its prototype application for African markets was received amidst positive feedback. It is now building a cost-effective mobile wallet providing a secure and inexpensive way to send and receive money that also allows users to compare transfer fees of different remittance agents in real-time. Sendit.Money was shortlisted as Best Global start-up at the 2020 Wales Startup Awards. The company will build and launch its Most Valuable Product (MVP) in Q3 of 2021. It will also use the funding to begin work with an authorised entity to become an approved representative.

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Sendit.Money Rating Review

Rated on 14/12/2020

Pitch Rated

54%

Insufficient Data

Management

87%

Product

74%

Investment

UNRATED*

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

Pitch rating powered by CROWDRATING

  • £182,732
    pledged
  • 182%
    of goal

    £100,000
    target

    £1,500,886
    pre-money valuation

    6.25%
    equity available

    475
    investors

    £385
    pledge per investor

    12043239
    company number

    Active
    company status

    11/06/2019
    incorporated 2 years

    £1.44
    share price

    Previous Funding rounds
    26 Jan 21 Crowdcube £182,732 / 183% 53.67%
    News

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 87%

Skills 82%
sendit.money's management team is relatively small, consisting of the CEO, COO, CTO, and Design Director. The team is led by the CEO who is specialised in fundraising, strategic thinking, analytics, financial services, and pricing strategy. Their CTO is competent in coding, testing, deployment, production, and end-user training. The Design Director has the skills to build the brand and increase brand awareness through qualitative research, information design, human-computer interaction, and user experience. The company finances are overseen by the 3rd party accountancy firm specialising in accountancy, corporate finance, and commercial finance.

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Funding progress



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  • £182,732
    pledged
  • 182%
    of goal

    £100,000
    target

    £1,500,886
    pre-money valuation

    6.25%
    equity available

    475
    investors

    £385
    pledge per investor

    12043239
    company number

    Active
    company status

    11/06/2019
    incorporated 2 years

    £1.44
    share price

    Previous Funding rounds
    26 Jan 21 Crowdcube £182,732 / 183% 53.67%
    News
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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