Capital at risk. Invest aware.
As always, investing is not guaranteed and there is a risk you may not get your money back. These risks are greater with young businesses which are in growth mode and often still loss-making. Many start-up businesses don’t make it, in which case their investors will lose all of their money.
Investing in start-up businesses, and getting involved in crowdfunding, should only be done as part of a bigger, well-diversified collection of investments. For those who are comfortable with the risk. If you are unsure, have expensive debt to pay off, don’t have a decent cash buffer for ‘rainy days’, don’t feel comfortable that you understand the risks, can’t set this money aside for the long-term or don’t have any more ‘mainstream’ investments, this is probably not for you. Thank you for your interest – as always, we just want to make sure that our readers and our new shareholders understand the risks involved in backing young businesses.
Crowdfunding – for those of you new to the concept – is a tech-enabled way for ‘ordinary people’ to own a part of a business which is not traded on any stock exchange and still privately owned.
We're using the Crowdcube website to host our crowdfund. You create a quick account, read up on the investment to see if it's right for you, and then pledge your investment through their website.
The amount you invest affects how many shares in Boring Money you own. You'll get a share certificate as confirmation of ownership, but your shares will be registered in the name of Crowdcube Nominees Limited. This means they hold the shares in trust for you and look after the Investor Terms to safeguard your rights and entitlements.
One share in Boring Money is currently worth £4.5778. You can buy a minimum of 3 shares, which means you can invest in us from as little as £13.73. A nice round number!
So far we're seeing investments ranging from £15 to £200,000 - so it's entirely up to you what you invest. Base it on what you can afford and how well we fit into your investment portfolio. The more you invest, the more of Boring Money you own. You'll also be able to claim back up to 30% in tax relief under the Enterprise Investment Scheme.
Our share price is calculated by dividing the company's pre-money valuation by the total shares and all 'dilutive elements' - things that could convert into shares.
After logging in to Crowdcube and setting your investment amount, you'll get a confirmation email and can start getting excited about joining our pool of new co-owners! Then it's a case of waiting for the crowdfund to end (up to a few weeks), at which point you'll get an 'Articles of Association' document via email and confirmation of the cooling off period.
The cooling off period is a week or so of time when you can change your mind about investing if you wish to. Only after this cooling off period will payment for your investment be taken and your share certificate issued.
With your certificate in hand, you'll be a fully-fledged co-owner of Boring Money, with us as we grow. It all starts here: join our crowdfund today
Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Please Invest Aware
This financial promotion has been approved by Crowdcube Capital Ltd (FCA no. 650205)