Crowdcube announces B Corp status

Crowdcube today announced it has earned B Corp certification reinforcing the equity crowdfunding platform’s commitment to building a business making a positive impact in the world. The fintech received a score of 87.2 out of 200 (compared to the average score of 50.9).

The B Corp verification process administered by the nonprofit, B Lab, measures a company’s social and environmental performance. To become a Certified B Corporation, companies undergo a rigorous review of the impact of their operations and business model on their workers, customers, communities and environment, and must meet a minimum verified score on the B Impact Assessment.

Darren Westlake, CEO and co-founder of Crowdcube, says: “It’s a real honour to join the growing B Corp movement and to sit alongside 44 B Corp companies in our Funded Community.

“Luke and I founded Crowdcube to democratise fund raising, so that entrepreneurs of all shapes and sizes, and from all walks of life, have the capital they need to take their businesses to the next level.

“This hard won certification is a seal of approval of Crowdcube’s purpose and shows our commitment to making a positive impact to the world. But it is only the beginning, we must maintain our standards, embed them into our culture and ways of working and get ready to be reassessed in 2025!”

Crowdcube was founded by Darren Westlake (CEO) and Luke Lang in 2012. They championed the beliefs that there should be more options for entrepreneurs to raise capital, and that retail investors should have access to an asset class they have traditionally been closed off to.

Over the last decade, Crowdcube has become the largest equity crowdfunding platform in the world. They have raised over £1.2BN for over 1,200 businesses that include Monzo, Qonto and What3Words.

By Mark Adair – Correspondent, Bdaily