UK online lending platform WiseAlpha is set to close its latest equity crowdfunding round on Crowdcube with nearly £2.6 million in funding. The round has attracted more than 1460 investors. As previously reported, WiseAlpha 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. The platform reported:
“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 reportedly has more than 4,000 registered members and over 75 different investments made with market brands, including Virgin Media, Ocado, Vodafone, yielding 5-15%. WiseAlpha 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 platform has placed more than 75 investments yielding between 3-15%.
“WiseAlpha is an innovative online investment platform that gives members the opportunity to earn attractive returns by investing in corporate loans of well known British brand name companies, via the issuance of its Notes. Whether you are an individual saver, private family office or a third party asset manager you can access corporate loan investments that until now only the largest financial institutions have had access to.”
Funds from the latest Crowdcube round will be used to continue WiseAlpha’s growth and development. The campaign is set to close this Wednesday.
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