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Status: Funded

Jan 29th 2021 - Aug 10th 2021

Novus aspires to become the UK's first ethical digital bank. It argues that Generation Z and millennials want purpose-driven products and services that can also address environmental and social challenges of the times. The company asserts that its services align with the aforementioned objective. Novus allows its members to live a sustainable lifestyle by providing them access to sustainable brands through Novus' in-app marketplace and rewarding them via cashbacks. The company intends to undergo two more funding rounds – Series A and Series B – for scaling its UK operations and expanding in the US and other key EU markets within the next two years. It will IPO its business when it achieves profitability. The company also foresees a strategic exit to interested banking entities.

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Log in to view amount pledged

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    £5,833,681
    pre-money valuation

    3.31%
    equity available

    1
    investors

    £732,000
    pledge per investor

    12558352
    company number

    Liquidation
    company status

    16/04/2020
    incorporated 4 years

    £1.32
    share price

    Previous Funding rounds
    28 Mar 24 Angels Den £732,000 / 366%

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Funding progress

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Plerith works with high growth start-ups and scaling companies to plan for and deliver growth. The company asserts that it helps companies promote their business to potential funders, through its network of angel and venture capital investors depending on the stage and sector of the said business. Plerith is partnering with Newable and Bristol Private Equity Club to deliver the fund in the South West London (SWL) area and identify and invest in the most exciting high growth companies in the region. Plerith argues that its deep knowledge of fundraising, sales, strategy, finance and technology would help SWL businesses flourish. Plerith aims to provide investors access to the highest quality local companies in the SWL region.
days to go: Stretch investment: Withheld

Log in to view amount pledged

    Log in to view target

    £5,833,681
    pre-money valuation

    3.31%
    equity available

    1
    investors

    £732,000
    pledge per investor

    12558352
    company number

    Liquidation
    company status

    16/04/2020
    incorporated 4 years

    £1.32
    share price

    Previous Funding rounds
    28 Mar 24 Angels Den £732,000 / 366%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

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