When your pitch has funded and closed to further investment, we will then complete our post-funding due diligence. Once complete, we will send a cooling off email to your investors, which includes a copy of your Articles of Association.
Once the cooling off period has expired, which is generally seven days, funds will usually be collected within 2 - 3 working days and the process of capturing funds takes between five and seven working days. We will keep you updated with progress during this time and release the funds raised once all payments have been collected.
A completion fee is also applied at this time. This fee, which is on average 0.75% -1.25% of all funds raised, includes our third-party payment provider’s variable costs and the cost of collecting, reconciling and distributing the funds raised.
Our third party payment provider’s variable charges are:
- 0.47% for UK debit cards
- 0.47% for EU debit cards
- 2.9% for non-EU debit cards
- 1.4% for EU Visa and MasterCard credit cards
- 2.9% for non-EU and Amex credit cards
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