Less than two weeks after launching its latest equity crowdfunding campaign on Crowdcube, UK online lending platform WiseAlpha has now surpassed £2 million from more than 980 investors. The funding round quickly secured its initial £1 million.
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 only available to pensions funds, funds, investment banks and ultra high net worth individuals in the past.
“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’s 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%. The company previously raised £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%.
Funds from the latest Crowdcube round will be used to continue growth and expansion within the WiseAlpha platform. The funding round is currently set to close mid-November.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!