In just 12 days, Powered Now reached its crowdfunding target of £350,000 and is now in overfunding – additional money it says will be used to further market and develop its app for tradesmen and field trade companies, simplifying administration and eliminating paperwork.
63 people invested in the pitch on Crowdcube for 20.59% equity with the largest amount being £85,000. The campaign has been so successful that Powered Now is now overfunding and will continue accepting funds until the 31 July.
The Powered Now app works on iPads and iPhones (with an Android version in the pipeline) and allows users to take notes and photos of a job, email estimates and let customers accept or decline, then managing the work right through to invoicing and taking payment (by credit/debit card or PayPal).
All information is held in one place and is automatically backed up to the cloud whenever there is a wi-fi connection. Even if a device is damaged or lost the information can be downloaded to a replacement, or accessed via a browser.
Benjamin Dyer, CEO of Powered Now said: "The response to our crowdfunding campaign has been tremendous and to hit our target after only 12 days is a huge endorsement of what we’ve been doing at Powered Now. Tradesmen and field trade companies are one of the last business sectors to benefit from the computer revolution. This funding will help us accelerate our mobile application development to provide these companies with the tools they need."
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