Just a little over a year after securing more than £1.2 million through its second equity crowdfunding campaign on Crowdcube, UK online lending platform WiseAlpha has returned to the funding portal and quickly surpassed its initial £1 million funding target. The round is now nearing 1.7 million thanks to more than 450 investors.
As previously reported, WiseAlpha’s online lending platform aims to give retail investors and corporates access to senior secured and high yield bond investments that were previously only available to pensions funds, funds, investment banks and ultra high net worth individuals.
“Everyday investors can now access individual senior secured and high-yield investments in the multi-trillion pound institutional bond market without needing £100k-£200k per single investment. We strive to aid the liberalisation and digitisation of the corporate debt markets which, we believe, despite being one of the biggest financial segments is vastly under-served by the Fintech community.”
WiseAlpha raised a total of £579,150 in funding during its first Crowdcube campaign in July 2016 and was directly FCA authorized and regulated in September 2016. Since its second Crowdcube raises in 2017, the company has placed over 75 investments yielding between 3-15%. The platform has more than 4,000 registered members and over 75 different investments made with market brands like Virgin Media, Ocado, Vodafone, yielding 5-15%.
“WiseAlpha is an online investment platform offering its members access to senior secured loan or bond investments in some of the UK’s leading companies.”
Funds from the latest Crowdcube round will be used to continue growth and expansion within the WiseAlpha platform. It is currently set to close mid-November.
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