While much of the news focused on JP Morgan’s acquisition designed to buttress a new digital banking venture, it should be noted that Nutmeg offered shares to retail investors on Crowdcube back in 2019. At that time, Nutmeg raised £3.8m in equity capital with 2168 smaller investors backing the Fintech. Nutmeg raised funding at a pre-money valuation of £251 million thus indicating a return of over 2X for crowdfunding investors.