Author Archives: carlosseedrs

About carlosseedrs

I'm the COO and co-founder of Seedrs.

Deposit, invest and create campaigns with euros

Euro crowdfunding

Since we opened up to Europe last November, a lot has happened. Investment through the platform has increased more than 4X and we’re averaging just over £1 million per month in funded campaigns. Around 35% of new investors have come from outside of the UK – we are very proud to now have users from almost every country in Europe (although we are still looking for our first investors both from Liechtenstein and the Holy See, but it shouldn’t be long before people there start using Seedrs). We beat the previous equity crowdfunding world record by raising £2.6 million for our own campaign from 909 investors, and are very happy that our record’s since been broken by British winery and craft brewer, Chapel Down. Because we just can’t settle, we also introduced – for the first time ever in equity crowdfunding – convertible equity investment and equity crowdfunding for a listed company. All of these are tremendous accomplishments, but there has been something missing.

We lacked support for investing and raising investment in euros. Not anymore.

We have never been shy about our international ambitions and, in line with that, Seedrs is now a fully multi-currency platform, with support for euros and British pounds (more currencies coming soon).

While it hasn’t put off European investment activity, this has been a feature in high demand from our users for quite some time. With part of the Seedrs team being based outside of the UK, we were definitely sympathetic.

Although hacking support for euros may seem like something that could have been done in less than 10 months, we strongly believe in truly excelling in terms of usability and simplicity for our users. So, quickly implementing a half-baked solution that would make the whole experience clunky and unreliable was not an option. We took our time. We wanted to learn how users from outside the UK were using the platform and we wanted to develop a solution that was simple, easy and reliable.

Any Seedrs user can now deposit, invest and create campaigns in either currency.

More importantly, we have created what we believe is a seamless experience and a smooth exchange between the two currencies. To achieve this, we worked together with our good friends at Currency Cloud (who process more than $7B in payments every year, across more than 40 currencies) to provide you with the ability to instantly, and securely, move funds between euros and GBP.

So, if you login to your Investment Account, you will see that you now have a GBP and EUR balance (at least for the time being, one of them is probably at 0). When you click “Deposit”, we pre-select the account that has most of your funds – but you can choose to deposit directly in another currency. If you already have funds, let’s say, in your GBP account and want to pay for an investment made in EUR (the first EUR campaign is right around the corner!) all you have to do is click “Transfer” to move funds from one account to the other. This action is completed instantaneously and funds will be displayed in your Seedrs account. It really couldn’t be simpler.

Our hope is that this improves your experience with Seedrs – especially for users in Europe.


Heartbleed security update

The web has been taken by storm by a new security issue that affected more than half a million widely trusted websites. The Heartbleed bug is a new vulnerability that allows attackers to access confidential information, like passwords, web site certificates or personal data, from web servers with SSL support.

Heartbleed security

The Seedrs platform was not directly affected by the recent Heartbleed security issue.

Seedrs has not been affected by this issue. We take security extremely seriously (I was a security auditor and security advisor for major financial institution before starting Seedrs) and the way our systems are implemented limits our exposure to these kinds of issues. Even so, we are always on top of new vulnerabilities and immediately tested all of our servers, and we have confirmed that we are not vulnerable to this issue.

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Feature news: Simpler deposits with Stripe

Having to set up a bank transfer after you’ve made an investment into one of your favourite startups can be a pain. That’s why we’ve spent the last few months looking for alternatives.

Stripe payments seedrs

Stripe payments processing on Seedrs

When it comes to our investors’ money and user experience with the site we couldn’t be more demanding. We wanted a provider that not only complied with but surpassed the most demanding of security standards, was fanatical about simplicity and user experience, and that had a fair pricing scheme. And we were not ready to compromise with any of those three.

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Feature News: Simpler Navigation, Gravatars and Improved Search

The Seedrs team has spent the holiday season doing what we most enjoy doing: trying to make the Seedrs platform even better. So, for New Year’s, we’ve made a few significant improvements.

First, we have simplified the site’s navigation. We removed the Dashboard and have added the ability to browse through other Trending, Top Funded and Recently Added listings directly from the Browse Listings main page. Now, rather than having to click See More to view other listings in each of these categories, investors can now click the arrows that appear when you move your mouse over a specific row. As for the Dashboard, we don’t expect it to disappear for good. As the platform evolves, a much leaner and more useful dashboard will certainly return.

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Feature News: Investor Referral Programme, Leedrs Club and Listing Presentation

We have just made three exciting improvements to Seedrs, and we wanted to share them with you.

Referral Programme: Cash-Back When You Refer New Investors
We’re extremely thankful to all of you who over the last few months have been sharing the gospel of Seedrs to your friends, family and colleagues, and we want to make sure you are properly rewarded when you bring new investors to the platform.

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