BondMason, an online savings and investments platform that sources investments from across the peer-to-peer (P2P) market for its clients, announced on Tuesday it secured £1.85 million through its latest funding round to drive the growth of the business and fulfill the company’s vision to enable more investors to access returns from direct lending.
Founded in 2015, BondMason stated it makes it easy for investors to target gross returns up to 8%+ p.a. by enabling clients to invest in Direct Lending the smart way. In order to do this, the company reported it works hard every day to enable users’ money to work hard for them, so they can benefit from attractive, risk-adjusted returns. The company also aims to fully liquidate funds within 48 hours. While sharing details about the funding round, Stephen Findlay, CEO of BondMason, stated:
“We’ve received significant interest from both new and existing shareholders for this fundraising, which represents a strong endorsement of our business strategy. The round was oversubscribed by 50%. We’re delighted to announce that Seneca Partners and Par Equity led the investment round – two of the UK’s leading EIS investment managers. We’re also excited to have a number of private investors participating in the round as well. This is a key milestone for the business and marks the next chapter in our journey. The growth of BondMason has trebled over the last 12 months – with a strong focus on client service, we look forward to taking this momentum forward. We will expand our product offering to enable clients to achieve a broader selection of attractive risk-adjusted returns, during these low interest times.”
BondMason then noted that the funding round will enable it to improve the service further, through the launch of new products, including a suite of Fixed Term Bonds and an IF ISA later in the year. There will also be an enhanced user experience of the platform, improved client dashboard functionality, and development of the SIPP and SSAS Service alongside both current and new partners. Findlay added:
“The vision is to bring the BondMason proposition to life by developing our brand awareness and client engagement, and by ultimately raising our profile and share of voice in both the direct lending market and wider investment arena. Our role is to enable more investors to access direct lending as a complimentary asset class, enhancing their overall investment strategy. We will work closely with other participants in the financial services sector, such as IFAs and Wealth Managers, as well as continue to serve clients directly.”