Income Company, a firm that’s re-imagining investing in loans, has secured €756,558 (or over 100% of its €750,004 target) from 171 investors (at the time of writing) through its crowdfunding campaign via Seedrs with 27 days left in the sale.
Here’s a short business overview shared by Income Company:
- €3.7 million invested by investors
- over 1,000 approved investors
- 3-10% w-o-w growth of investors (Aug-Nov 2021)
- 4 loan originators listed on the platform, 100+ in the pipeline
Based in Tallinn, Estonia, Income Company operates in the Finance & Payments sectors (Digital Mixed B2B/B2C). Incorporated in July 2020, the Fintech firm reports a €8.7M pre-money valuation, Type Equity (offered 8.00%), a €7.83 share price, and Tax relief N/A.
Key features include: Secondary Market; Seedrs nominee min. €15.66 +.
As noted by the Fintech firm, Income is an alternative investment platform and mobile app that “enables investors to invest in loans from around the world.”
They cooperate with select loan companies that “list their loans on the platform for [their] investors to invest in.” They are focused on “democratizing investing in alternative assets by a novel use of technology, and by implementing security features mainly used by institutional investors.” They believe that the safety of investments “is the key to exponential growth and the mass adoption of loans as the leading alternative asset class.”
While sharing their monetization strategy, the firm explained:
“Income runs a platform business model. It creates value by facilitating transactions between retail investors, institutional investors, and loan originators. The larger the number of market participants, the larger the value of the platform to all participants, in the form of added liquidity and selection of assets. Income charges a 2-4% fee p.a. from the loan companies on the amount of outstanding investments.”
They added that in the foreseeable future, additional monetization can be achieved by “offering additional security features such as insurance, charging additional fees for servicing institutional investors, and through quick exit fees on the platform.”
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