UK based stockbroker challenger Freetrade became the second fintech to knock crowdfunding site Crowdcube offline during a fundraising round; Monzo was the previous company and the incident points to a massively successful round for the startup; Crowdcube said they reported 4x more traffic than anticipated and the wave of customers was too much, the site went down within minutes; there has been a trend in recent years for EU fintechs to raise crowdfunding rounds alongside or in addition to traditional VC rounds to allow their community to own a piece of the company; Freetrade, Monzo, Revolut and others have seen big rounds and large participation from their communities which allows for the company to build a loyal following for their products. Source.
