WeOwn rolls out new mobile app for fundraising – Money Turtle

By Megha Bhattacharya

Pan-European company WeOwn has announced the launch of a new mobile app for fundraising- Money Turtle. The app aims to modernise the funding process for businesses, simplifying the process of borrowing from family and friends. Money Turtle enables users, including SMEs, larger corporates, or individuals, to register their business, define the project at hand and invite their network to invest.

Sascha Ragtschaa, WeOwn’s Co-Founder and CEO added, “ This is a big day for us, the team has worked hard on a project that we truly believe will help a lot of businesses that are stuck in something of a no-man’s land right now. The climate is tough, but there are some brilliant businesses and projects happening, so at no time more-so than now has it been as imperative to kickstart businesses and projects, boosting livelihoods as they go!”

“We’re also adding professionalism to a process that’s a little bit sensitive. In effect, Money Turtle adds a layer of control to a fundraising initiative that is usually done on a piece of paper or just a handshake. In a time where businesses need more support than ever, Money Turtle can be exactly the tool companies need.”

According to WeOwn, a programmable smart contract and a physical contract (PDF) are generated and linked between the fundraiser and their associated supporters, within the app. This allows both parties to have a digital and physical contract to simplify any disputes that may arise. WeOwn stated that Money Turtle is free to use with charges (2.5%)  being applicable upon completion of a raise.