August 29, 2018//-FundedByMe, the Scandinavia’s biggest crowdfunding platform for equity crowdfunding has posted impressive financial results for first six months of 2018.
According to the company, with a continued growth and a strong demand from entrepreneurs and investors, the next six months will be more better.
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 six 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 sir 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.
The complete report can be downloaded here (in Swedish only)
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,” stated Daniel Daboczy, CEO and co-founder.
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