Infinity Circle, a UK-based digital wealth creation fintech platform, has successfully surpassed its initial £300,000 through its equity crowdfunding campaign on Seedrs. The funding round, which launched in February, has attracted more than 175 Seedrs investors so far.
As previously reported, Infinity Circle is set to provide the “highway” to exclusive opportunities otherwise only usually available to the ultra-rich.
“Infinity’s vision is to create an ecosystem where wealth management meets social media in a way which is cyber secure, respects user’s privacy and anonymity; complies with the Financial Conduct Authority’s rules; and can grow globally. Why? Because we believe that the incumbents are mostly unexciting, lack transparency in their operations and pricing, and true wealth management is currently only available to a ‘happy few.’ How? By providing the best one-stop-shop INDEPENDENT and HYBRID wealth management platform and app.”
Infinity Circle also reported it will operate a mix of B2B (Business to Business) subscription fee model and competitive B2C transaction fee.
“All product providers pay the same fees to join the platform and ensure no product is favoured above another. There is therefore no incentive to “product push”, and the platform will be tailored to facilitate the user’s self-direction if no advice is requested. The user will have access to Infinity Circle for free, as there are no joining fees, and the transaction costs will be kept as low as possible.”
Product providers will be charged 15,000 (GBP, USD, EUR) annual subscription fee and Infinity Circle is aiming to onboard 500 such Partners. There will be no limit to the number of users the platform can serve. This is an infinitely scalable global Financial Technology (Fintech) model.
Funds from the Seedrs round will be used to grow and continuing the development of the Infinity Circle platform. The company is now offering 7.53% in equity at a £3.7 million pre-money valuation through the campaign, which is set to close next week.
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