That’s right, we’re crowdfunding. Not sure what it is, why we’re doing it or how you can get involved? Well grab yourself a cuppa and read on, we’ll tell you all about it.
What is Crowdfunding?
If you’re new to crowdfunding, you may have heard the term thrown around but are probably unsure of exactly what it encompasses. Maybe you’ve never heard of it before? Either way, allow us to explain.
Equity crowdfunding, to give the term it’s full name, is an investment opportunity open to anyone, whereby in return for a monetary donation, you receive a share in the company.
This is different to donation based crowdfunding, such as Kickstarter or GoFundMe programs whereby donors do not receive a monetary return. The driver for giving money to those kind of campaigns is usually in exchange for a sample product or early access to the service.
Even if the company goes on to be a hugely successful business, the donor will receive nothing more than the initial reward.
However with equity crowdfunding you get to truly share in the company's success and have a chance to not only earn back the initial investment but to grow it. Of course, as with any investment, there is a financial risk attached.
Okay, now we’ve got you up to speed on the investment market, onto why we’re doing it.
Why is Lingoo Crowdfunding
Currently Lingoo has over 13,500 users, and since 2016 over 20,000 nights of language learning holidays have been booked through our platform, totalling 1M€ in transactions.
Pretty neat right? And we’ve got this far without any prior external funding. But following on from considerable success in the European market, Lingoo is now ready to go global.
Let’s break down the facts:
- - We learn foreign languages most effectively in the country where it is spoken.
- - Increased bureaucracy means secondary schools organise fewer language trips.
- - Language school packages are rigid and expensive.
- - Only 0.25% of language learners take a study holiday abroad.
- - Becoming fluent in a second language is vital for many young people's careers.
- - Over 300 million Chinese citizens are currently learning English.
The way we learn languages is ripe for change. And as an established brand and working business, Lingoo is in prime position to affect this market shift.
Our peer to peer platform allows for:
- - Students to save money and have total flexibility
- - Students to choose who they stay with, where and when.
- - An authentic language and cultural immersion experience.
- - A safe and secure way to connect with other users.
We’ve got big goals for our business, and the capital we will be raising will be used to expand our language learning model beyond Europe and into the Americas and Asia.
Specifically the investment will allow the functionality of our operating platform to be enhanced and our marketing reach increased. Our objective is to be the ‘world’s language holiday platform’.
Why You Should Join The Journey
The sharing economy is only going from strength to strength and young language learners are a consistently replenishing target group.
More and more people are looking for affordable ways to travel and seek out authentic experiences with other cultures. Everyday increased numbers of companies are trading in global markets with a greater need for employers who are fluent in more than one language.
The time is now for you to share in our success and invest in a growing industry and our young people's futures. We have a really good feeling about our expansion and you should too.
How To Get Involved
We are currently in our pre launch phase and will be fundraising capital through Crowdcube, where you will be able to invest as much as you like or little as £10 in Lingoo.
Naturally the more you invest, the higher the share of equity in the business you will receive.
Read more and sign up to be kept informed about our campaign before anybody else, here on our crowdfunding page.
Investments of this nature carry risks to your capital. Please Invest Aware.
