WiseAlpha, a fractional bond trading app, is returning to crowdfunding to raise growth capital.
WiseAlpha is raising money on Crowdcube. According to the offering page, the online round is part of a wider round. So far, 202 investors have committed £185,000 on the platform.
Investors are receiving a convertible security that morphs into equity at a later date. The offering is EIS qualified and thus may provide tax benefits.
WiseAlpha’s value proposition is providing access to corporate bonds at a lower price. The fractional offerings make it easier for smaller investors who may not want to commit £100,000 to purchase a bond. In the UK, there is limited access to the corporate bond market.
Since its inception, WiseAlpha reports over £175 million in trading volume.
Any funds raised are expected to be utilized to increase marketing, boost the balance sheet, and invest in growing institutional partners.
The funding round is scheduled to close later in January.
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