Note from the Publisher: Although we love to keep our focus primarily upon US-based fintech stories and news, every now and then we really have to look outside our borders. Our brothers (and sisters) in the UK are very fintech-savvy and also (many, but not all, are) known to enjoy a libation now and then. Hence the following story outlining a successful crowdfunding raise for a distillery caught our eye.
“On Wednesday, GlenWyvis Distillery celebrated the next milestone of its highly successful crowdfunding campaign on Crowdfunder UK.The distillery took the funding portal last month to secure £1.5M as it prepared to build the very first community-owned craft whiskey distillery in Scotland. After raising the initial goal, the company decided to extend the initiative another two weeks. The campaign has captured £2.25 million and became the Biggest Community Share in the UK.
The campaign’s launch was organized in conjunction with Community Shares Scotland (CSS) and offers investment opportunities for as little as £250 to locals living in all IV postcode areas. This will ensure a high level of local ownership of the distillery, but the Share Offer is also open to whiskey lovers worldwide with investment opportunities rising in tranches* to a maximum investment of £100,000.”