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Status: Funded

Aug 24th 2020 - Oct 3rd 2020

Zumo is a wallet and payments platform that aims to make traditional money and cryptocurrency work together. The company asserts that its blockchain-powered smart wallet is a safe and simple way to trade, store, transfer and spend cryptocurrencies. Its ecosystem comprises of three core products, namely Zumo App, ZumoKit and Zumo Pay. The company has raised £3 million in equity funding across three investment rounds. It has also soft-launched on the App and Google Play stores in November 2019 and grown to nearly 1000 users in that time. Zumo will spend 39% of the investment on human resources and hiring, 39% on product development, 17% on marketing, 5% on administrative costs, 3% on legal costs, 1% on rent, and the remaining on employee expenses and loan repayment.

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Zumo Rating Review

Pitch rating powered by CROWDRATING

Rated on 01/09/2020

Pitch Rated

84%

Gold

Management

87%

Product

85%

Investment

81%

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    £10,466,781
    pre-money valuation

    9.51%
    equity available

    664
    investors

    £2,380
    pledge per investor

    12/12/2017
    incorporated 6 years

    Previous Funding rounds
    11 Mar 24 Seedrs £1,580,010 / 144% 84.33%

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 87%

Skills 82%
The management team of 'Zumo' certainly covers almost all the significant roles that are required to run the business. The Founder/CEO/CMO is competent in Digital, Social Media Marketing, Business Strategy, E-commerce, Start-ups, Business Development and Search Engine Marketing (SEM). The CEO also takes responsibility as the CMO of the company. The Co-Founder/Chief Product Officer skills include Computer Hacking, Nunchuku Skills, Search Engine Optimisation (SEO), Digital Strategy, Web Analytics, Affiliate Marketing, Conversion Optimisation and Content Strategy. The COO is skilled in Operations Management, Stakeholder Management, Project Delivery, Risk Management, Project Portfolio Management, Business Process Improvement and Organizational Design. The Lead Blockchain Architect skills include Web Design, Web Development, User Interface Design, Interaction Design, Corporate Identity, and Graphic Design. The CFO is skilled in Start-ups, Online Advertising, Financial Reporting, Account Management, Managerial Finance, Management Accounting, Financial Services, Google Analytics and Google Adwords.

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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

    £10,466,781
    pre-money valuation

    9.51%
    equity available

    664
    investors

    £2,380
    pledge per investor

    12/12/2017
    incorporated 6 years

    Previous Funding rounds
    11 Mar 24 Seedrs £1,580,010 / 144% 84.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph