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Status: Active

Dec 7th 2020 - Jan 6th 2021

Crosspay is a company that aims to make remittance simpler and cheaper.  The company built its proprietary system in 2017 to bolster international transfers at a fraction of the money charged by traditional Over-The-Counter (OTC) services. It has since powered over 50,000 transactions across 50 countries with a cumulative value of approx £32,350,000. The company aspires to become the segment leader in the more than $200 billion global remittance market. Crosspay was rated 'Excellent' on Trustpilot. It also created white-labelled apps for charities and churches to host content, broadcast live and receive donations simultaneously, irrespective of location. The company has been invited to partner on an Innovate UK project. It will use the investment to grow its business across different verticals.

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Crosspay Rating Review

Pitch rating powered by CROWDRATING

Rated on 30/12/2020

Pitch Rated

55%

Insufficient Data

Management

84%

Product

80%

Investment

UNRATED*

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

Log in to view amount pledged

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    £9,977,005
    pre-money valuation

    1.48%
    equity available

    253
    investors

    £840
    pledge per investor

    11585641
    company number

    Active
    company status

    24/09/2018
    incorporated 6 years

    £27.87
    share price

    Previous Funding rounds
    27 Mar 24 Crowdcube £212,581 / 142% 54.67%

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

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

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Management 84%

Skills 82%
Crosspay has a skilled and diverse team covering the roles of Founder, Operations, Compliance, and Product Head. The Founder leads the team is specialised in relationship management, Market Research, Product Management, Business Relationship Management, Negotiation, Customer Service, and Mobile Payments. Their Chief Technology Officer and Chief Product Officer are skilled in analysing System Requirements, Design, Risk Management, Vendor Management, Cloud Computing, Information Security Management, and Product Development. We note that the CEO/Founder is also handling the Marketing Department in the company. Their Operation and Compliance head is a Certified Anti-Money Laundering who is competent in Financial Technology, Policies, Procedures Development, Corporate Governance, and Risk Management.

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Funding progress

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days to go: Stretch investment: Withheld

Log in to view amount pledged

    Log in to view target

    £9,977,005
    pre-money valuation

    1.48%
    equity available

    253
    investors

    £840
    pledge per investor

    11585641
    company number

    Active
    company status

    24/09/2018
    incorporated 6 years

    £27.87
    share price

    Previous Funding rounds
    28 Mar 24 Crowdcube £212,581 / 142% 54.67%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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  • Financial Times
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