WiseAlpha Founder & CEO Rezaah Ahmad Comments on Successful Crowdcube Round
“I’m both thrilled and unsurprised that they have overfunded on their original target. Fintech is in rude health and continues to be unperturbed by Brexit,” stated Crowdcube Co-Founder & CMO Luke Lang.
WiseAlpha, a UK first online lending platform that gives investors access to high yield institutional bond and loan investments, has overfunded its £500k target on Crowdcube by 258%, raising £1.29 million. The 1068 investors who backed this fast-growth fintech pioneer will share 16.7% equity in the firm that is readying for expansion of its product offering with a marketing push and soon plans to launch its fixed income investment offer across Europe.
“Equity crowdfunding and P2P lending may have been the first investment classes to be democratised but the velvet revolution continues. WiseAlpha is the first online platform to democratise institutional debt,” WiseAlpha founder and CEO Rezaah Ahmad. “We’re thrilled to have overfunded our original target and glad that the 1452 people who have invested in us so far are backing our vision of a fairer investment world where everyday investors aren’t shut out from accessing the biggest and best investments.”
The largest single investment was £150K. WiseAlpha’s online lending platform gives retail investors and corporates access to senior secured and high yield bond investments in UK companies such as Virgin Media, Aston Martin, The AA, Pizza Express, Centreparcs, Ocado and Iceland amongst many others. These fixed income bonds, that were previously only available to pensions funds, investment banks and ultra high net worth individuals, can have attractive yields ranging between 5 and 15%.1
“The success of WiseAlpha’s recent £1million plus raise on Crowdcube highlights yet again the demand from investors to back innovative fintech firms. Pioneering what we may come to know as the ‘peer to corporate’ lending market, WiseAlpha joins other fintechs that are turning to crowdfunding to reach tomorrow’s financial services customers such as Monzo, Revolut and Go Henry,” analyzed Crowdcube Co-Founder and Chief Marketing Officer Luke Lang. “I’m both thrilled and unsurprised that they have overfunded on their original target. Fintech is in rude health and continues to be unperturbed by Brexit.”
WiseAlpha launched in July 2016 after it raised £579,150 on Crowdcube.
Since then the company has amassed more than 1,990 registered members and launched more than 30 different senior secured loans and high yield bonds in market leading UK companies, paying out more than £100,000 in fixed income to investors.