Fintech scale-up BOTS raises €7.9 million
The Haarlem-based fintech company BOTS by RevenYOU raised €7.9 million in three crowdfunding rounds. The current valuation amounts to €95 million.
BOTS by RevenYOU had already completed two crowdfunding rounds since the company was founded in 2018. After closing the last round, on 31 January 2020, the fintech startup had raised a total of €7.9 million at a valuation of €95 million.
BOTS attracts investors itself, without intermediaries or banks. The shares are tradable and holders can buy and sell them on a daily basis. The current daily price represents a total valuation of €95 million.
By now, BOTS by RevenYOU has more than 1400 active certificate holders. "This group brings with it an enormous network. And because they are actively involved, we also draw on their knowledge and expertise. This gives us everything we need to develop the best in the areas of technology, legal, marketing and so on".
Since the commercial go live last May, we have welcomed many tens of thousands of active customers. The best 20 bots achieved an investment result of no less than 22.35%. The best bot achieved a return of no less than 66.07%. Michiel Stokman "I am grateful for every user who tries BOTS. It is a new product and a new market. People trust us so much by investing with us and that's really great".
"The most exciting thing, of course, was whether the 'robots' could really invest better." According to Michiel Stokman. Since going live, we've seen solid results: bots don't fall as hard as prices fall, and they rise just a little faster as prices rise. On average, the bots achieved a return of 11% in 6 months. The top 10 best bots achieved 18% in six months. "Our best bot achieved a return of +100%. A huge milestone for us and the users."
The BOTS app is now available in 18 other European countries. After all these countries have also gone commercially live, the fintech wants to grow to 33 countries in 2021 to eventually have the BOTS app available in 178 countries.
"BOTS by RevenYOU wants to provide fair trade for everyone in the world so that everyone is able to build up a second income. We do this by building the most accessible and user-friendly automated trading platform". According to Michiel Stokman, CEO and co-founder of BOTS by RevenYOU.
The bots in the BOTS app are actually automated trading strategies. The strategies are built by expert developers using algorithms, machine learning and artificial intelligence.
With the most recent crowdfunding round, and the rounds yet to come, BOTS is holding on to the dream of quickly growing to unicorn status and conquering the market. The founders aim to join Mollie, Adyen, Airbnb, Uber and Dropbox in the near future.
In addition, the main objective is and remains to turn the world of investment upside down. It needs to be fairer, more transparent and more user-friendly. The founders themselves do not understand that anyone will be investing in 2020 without using smart technology. Investing 'by hand' is really insanely risky, they think.