Stockflare Becomes First FinTech Startup To Gain Investment Pledge From London Co-Investment Fund

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London-based Stockflare has become the first fintech startup to gain an investment pledge from the London Co-Investment Fund Crowdcube LCIF Fund London(LCIF), supported by the London Mayor’s office, as it raises seed capital on Crowdcube. The company, which makes it easier for private investors to pick stocks that are right for them, today opened to the public a Crowdcube campaign to raise £300,000 of seed capital to develop the service further and extend its customer base, according to a recent press release.
As of this writing, Stockflare’s campaign is 67 percent funded, with 20 percent equity offered. Sixty-eight investors have raised £203,220, with the largest investment at £75,000. The LCIF has provided £75,000 conditional on the full £300,000 target being achieved. The fund was founded and is managed by Funding London and Capital Enterprise, and has raised £25m from the Mayor of London’s Growing Places Fund to invest in high growth tech, science and digital startups in London.

stockflare mottoFor free, Stockflare provides clear and insightful information about more than 45,000 stocks listed on exchanges worldwide. Its mission is to make it easier for private investors to find the stocks that are right for them, by providing extensive analysis that can be readily understood and used by investors of any experience level. Stockflare was founded by CEO Shane Leonard, an experienced and award-winning equity analyst, who was frustrated watching small investors pay too much for poorly performing funds, funds run by investment managers paid regardless of how they perform. Leonard said,

The support shown by the first ever pledge by LCIF for a FinTech business and the money already committed before the campaign went public today shows that there is a thirst out there to back a startup who’s mission is to help everyone improve how they invest. We are excited about welcoming more investors to complete the round and then delivering a business that can continue to support their investment decisions over the years ahead.shane leonard

In addition to Leonard (Citigroup), the team includes Jonathan & David Kelley (Just-Eat), Kate Simon (Marketing Director, Transferwise), Martin Campbell (Virgin Money) and Richard Ireland (Egg, Zopa). Through its beta phase, Stockflare has already recruited over 10,000 users across the UK, U.S. and other countries across the globe. The site has been honed and developed further with feedback from these users, based on their real-world experience of using Stockflare. stockflare app
Stockflare’s business model is to partner with high-quality, low-cost brokerage firms in key markets, including the UK and the U.S. These partners’ services integrate directly into Stockflare’s website, so users can open accounts and manage their investments via Stockflare. Stockflare’s first brokerage service will launch in the autumn, enabling anyone in the world to open a US brokerage account.

 


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