FundedByMe presents their semi-annual-report on August 29th. Increases revenue with 495%
The numbers for the first 6 months of 2018 were presented on August 29th. The company looks back at a very successful first 6 months, with a continued growth and a strong demand from entrepreneurs and investors. The grassroot investigation rendered by the Minister of Finance and Labor, Per Bolund in March 2018, have also provided a positive confirmation. During the first 6 months the company also decided to acquire Laika Consulting AB.
On August 29th 2018 FundedByMe released the company’s semi-annual-report for 2018, January - June. Already the company is able to communicate that they have a total of 29 (8) campaigns that have been successfully completed, which is a clear improvement compared to the previous year (30 in total). During the initial six months FundedByMe showed a revenue-growth of 495% compared to same period last year. Revenue in the first 6 months increased to 5,16 MSEK, to be compared with 0,87 MSEK in the first 6 months of 2017. The financial result of -4,90 MSEK is in line with the financial result previous year (-4,69 MSEK). Significant posts that impacted the costs and results for the period are mainly increased consultancy-fees and marketing costs, as well as costs associated with the acquiring of Laika Consulting AB and costs associated with the upcoming listing at NGM Nordic MTF.
Total sums in KSEK, (same period as last year in parentheses)
ProForma FundedByMe Group incl. Laika January - June 2018
ProForma net sales: 21 051 KSEK (18 770)
ProForma result: 771 KSEK (-1 485)
Balance sheet total: 73 562 KSEK (18 879)
FundedByMe January - June 2018
This year’s revenue: 5 161 (868). Turnover increase 495%.
This year’s net sales (result post tax): -4 904 KSEK (-4 693).
Balance sheet total: 65 611 KSEK (9 162).
“FundedByMe’s board and team have worked extremely hard on shifting the company’s focus towards a growth increase, combined with revenue. The hard work is starting to pay off. I am happy to see that the numbers are pointing in the right direction and that our crew is strong for our future challenges,” states Daniel Daboczy, CEO and co-founder.
FundedByMe is Scandinavia’s biggest (and probably greatest) crowdfunding platform for equity crowdfunding. FundedByMe was founded with the goal of creating companies with passionate people and today they have helped over 470 companies from over 25 different countries to gather more than €52 million. With over 250.000 registered investors from around 200 countries they work towards becoming the force to reckon with in finance as for Sweden, as well as Scandinavia and the rest of the world. FundedByMe has their headquarter in Stockholm with a local presence in Dubai, Finland, Malaysia, Poland and Singapore.
For more information about their investment opportunities please visit fundedbyme.com