Fundraise Statuses

Inviting investors to your fundraise is made easy on Floww. When you send an invitation, the investor will be required to pass eligibility and verification checks before submitting a firm commitment. To help you keep track of where your investors are in this process, our platform provides you with this visibility over each investor.

In your fundraise, you will see a status linked to each Investor. To help you understand each status, below we have:

• Listed all the statuses that can be displayed on each tab in your fundraise
• A description of each status
• Where necessary, what action is required by you

In the ‘Investor’ tab of your fundraise:

Not Invited

You’ve added your investor to your fundraise but you still need to Invite them to your fundraise. What’s next? To invite the investor to your fundraise, click the ‘Invite to find out more’ button.

Invitation Sent

Congratulations- you’ve just invited an Investor to your fundraise 🎉 The Investor will receive an email which contains a link to your fundraise. What’s next? Your waiting for your investor to follow the link in your email and view your fundraise.

Viewed Company

Your Investor has viewed your Company Information and has viewed the fundraise. Your Investor has not yet accepted or rejected your invite. What’s next? You’re waiting for your investor to accept your fundraise invite.

Invite Accepted

Your Investor has accepted your fundraise invite. Your Investor will now go through Eligibility and Verification checks on the Floww platform. What’s next? You’re waiting for your Investor to start checks on the Floww platform. You can trigger a reminder on the Floww platform to nudge the investor to need to send the investor a reminder.

Not Interested

Unfortunately your investor isn’t interested in your fundraise. What’s next? You can re-invite your investor if you believe they now want to invest.

Eligibility in Progress

Your investor has started the Eligibility checks required to access your financial promotion on Floww. This includes their categorisation and, where necessary, assessment and self certification. What’s next? Floww will proactively manage this process directly with the investor however you can still send the investor a nudge on the Floww platform to speed the process up.

Verification Not Started

Before an investor can make a firm commitment we need to confirm their legal details, including ID and Address verification. This status means the investor has begun, but not yet completed this stage. What’s next? Floww will proactively manage this process directly with the investor however you can still send the investor a nudge on the Floww platform to speed the process up.

Verification in Progress

Before an investor can make a firm commitment we need to confirm their legal details, including ID and Address verification. This status means the investor has begun, but not yet completed this stage. What’s next? Floww will proactively manage this process directly with the investor however you can still send the investor a nudge on the Floww platform to speed the process up.

Final Checks in Progress

Great news, your investor is through their Verification checks. Our dedicated Due Diligence team are now reviewing their details to ensure everything is in order. Once your investor is approved, they can participate in your fundraise. What’s next? Sit tight as this shouldn’t take long for Floww to complete.

Approved- Full Access

Great news, your Investor has successfully completed the Eligibility and Verification checks. The Investor can now participate in your fundraise. What’s next? As your investor can participate in your fundraise, you can monitor their commitments.

Not Eligible

Unfortunately your investor can’t participate in your fundraise. Reasons vary but may include complications with Investor Categorisation or Identity Verification. What’s next? The Investor won’t be able to access your fundraise. Reach out to fundraise@floww.io for further support.

In the ‘Commitments’ tab of your fundraise:

Waiting for Commitment

Your Investor has full access to your fundraise but has not submitted either a soft or firm commitments. What’s next? If your investor is taking long to make a commitment, you can send a ‘Request a commitment’ nudge on Floww to remind your investor.

Soft Commitment Made

Your Investor has made a soft commitment to your fundraise. This indicates the Investor is interested in your fundraise however a soft commitment isn’t legally binding so the Investor will need to submit a firm commitment. What’s next? Give your investor a ‘request a firm commitment’ nudge on Floww to ask for a firm commitment.

Firm Commitment Under Review

Your investor has made a firm commitment but Floww needs to perform some quick checks. Rest assured, this only happens for a small number of investors where individual situations are more complex. What’s next? Sit tight as Floww’s checks won’t take long. You’ll receive an email once these checks have been completed.

Firm Commitment Approved

Congratulations- you’ve raised money for your fundraise 🎉. An investor has submitted a firm commitment which Floww has approved. What’s next? Once you’ve received all the firm commitments you desire, the allocation process can be started.

In the ‘Allocation’ tab of your fundraise:

Confirmation Pending

Floww needs to perform some quick checks relating to your investor’s commitment. What’s next? Sit tight as Floww’s checks won’t take long. You’ll receive an email once these checks have been completed. The investor will then be able to receive a share allocation.

Ready for Allocation

The investor can be allocated shares. What’s next? If you are able to allocate, you can enter a monetary value or share amount to allocate shares to your investor.

Allocation in Progress

Your investor has been allocated shares provisionally. What’s next? If you are able to allocate, you can edit the allocation to this investor. If you’re happy with the allocation for all investors, you can click the ‘complete allocation’ button.

Allocation Complete

You’ve completed allocation for all investors and have clicked the ‘complete allocation’ button. What’s next? Your fundraise is now closed and settlement with Investors will be initiated. If you’ve made a mistake or have any questions, get in contact with fundraise@floww.io for assistance.