Ayan Mitra, founder and CEO of CrowdBank, shares his five-year growth target for the UK equity crowdfunding and debt platform.
0:00 / 0:12exact quote · 12.7s
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“Well, well, our vision at CrowdBank and kind of my vision is that in the next five years, we'll be supporting UK SMEs with a billion pounds of growth capital every year.”
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More from Ayan Mitra
PredictionNot checkable as stated
Mitra: Crowdfunding is in a hype curve and faces market correction
“I would go as far as to say we're in the hype curve now. I think there will be market correction with regards to, ah, either some investors losing money because of deals not being structured properly or mispriced, or what may be”
Ayan MitraNov 20, 2015▶ 16:4120 VC FF 022: Crowdfunding Is Here To Stay with Ayan Mitra, Founder & CEO @ Crowdbnk
AssertionPartly supported
Mitra: The UK leads global crowdfunding market growth over the US
“If you look at the crowdfunding sort of growth across the world, and I think you'll find UK is actually leading the market in that way before SEC.”
Ayan MitraNov 20, 2015▶ 4:2920 VC FF 022: Crowdfunding Is Here To Stay with Ayan Mitra, Founder & CEO @ Crowdbnk
What-if
Mitra: Crowdfunding rise would have occurred without 2008 financial crisis
“And I think the economic crisis in 2008, perhaps pushed it along a little bit when Traditional credit was sort of squeezed out, but this would have happened regardless of the 2008 crisis or not.”
Ayan MitraNov 20, 2015▶ 6:5420 VC FF 022: Crowdfunding Is Here To Stay with Ayan Mitra, Founder & CEO @ Crowdbnk
PredictionPartly held up
Mitra: Gojimo will become a unicorn company
“Me as a personal investor in it I think that I'm tipping that for a unicorn, so we'll see if he gets there, but I think, yeah.”
Ayan MitraNov 20, 2015▶ 13:0320 VC FF 022: Crowdfunding Is Here To Stay with Ayan Mitra, Founder & CEO @ Crowdbnk
PredictionNot checkable as stated
Mitra: JOBS Act signals equity crowdfunding will become mainstream
“I think it's a very positive step, not so much because of what the Act actually is, because I think it's been greatly diluted from the original principles of when it was proposed. But what it sort of signals to the market about the fact that the alternative fi…”
Ayan MitraNov 20, 2015▶ 4:0820 VC FF 022: Crowdfunding Is Here To Stay with Ayan Mitra, Founder & CEO @ Crowdbnk
Insight
Mitra: Financial tech stagnated between ATMs and alternative finance
“In financial services, per se, bar the ATMs that were innovated sort of mid-nineties, mid-eighties, I believe nothing really has happened, so all the financial engineering that went on was product engineering rather than leveraging technology to actually impro…”
Ayan MitraNov 20, 2015▶ 5:4420 VC FF 022: Crowdfunding Is Here To Stay with Ayan Mitra, Founder & CEO @ Crowdbnk
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