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Peer2Peer Finance News | November 21, 2017

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Qodeo investor and business matching service launches crowdfunding campaign

Qodeo investor and business matching service launches crowdfunding campaign
Marc Shoffman

AN ONLINE platform that automatically matches entrepreneurs with potential financial backers such as venture capital and private equity firms or angel investors is seeking public support through a crowdfunding campaign on Seedrs.

Qodeo is looking to raise £220,000 through crowdfunding in return for 6.47 per cent equity. It forms part of a wider funding target of £500,000, which has been backed by external angel investors including former chairman of the Man Group and Prudential Sir Harvey McGrath.

The funds raised will go towards rolling out the service and expanding the team.

Read more: Germany, Italy, France and Russia ‘top targets for fintech firms’

Simon Glass, chief executive of Qodeo, said entrepreneurs will be able to access quicker funding and see what type of opportunities are on offer, while investors will be able to explore new markets and meet new investment partners.

The platform plans to add peer-to-peer funding options in 2018.

“The global venture community needs change,” Glass said.

“It wastes considerable time and money identifying funders and portfolio companies. Entrepreneurs, investors and corporate advisers globally need an easy to use platform to get to market faster and connect with best-fit partners. The venture-entrepreneur relationship is like a marriage – you don’t want to marry the wrong partner.

“Our automated and personalised service, based on our original service, will address the challenges faced by the global venture ecosystem. We are delighted that such a vast number of well-respected angel investors, both new and existing, are committed to helping the VC, entrepreneur and adviser community to become more efficient, and for us to realise our global growth ambitions.”

Read more: UK fintech funding rises

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