Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_1119130634
March 4 2020

AxiaFunder prepares to take £300,000 crowdfunding campaign public

Marc Shoffman Industry News, News, Top 3 AxiaFunder, Cormac Leech, crowdfunding, Seedrs

AxiaFunder is working on an auto-invest style model for its litigation funding platform, as it prepares to go live with a public crowdfunding campaign for its own business.

The platform, which offers investors annual net returns of 20 to 30 per cent for backing legal cases, is seeking £300,000 from a crowdfunding campaign that will go live on Seedrs from 9 March.

Cormac Leech, chief executive of AxiaFunder, said crowdfunding rather than seeking venture capital helps the platform engage with investors and is less restrictive and time consuming.

The money raised will be used for recruitment, marketing and technology development, which includes creating a panel of assessor, barristers and legal experts to consider cases.

“This will be innovative an exciting UK based opportunity,” Leech said.

“We also have ambitious international plans outside the UK.”

The crowdfunding campaign has raised more than £150,000 privately so far.

Leech also told Peer2Peer Finance News that the platform is working on an auto-invest model to allow investors to diversify automatically across projects.

“We have an auto-invest model in the works, where investors can elect automatically to put the minimum investment of £500 into each case.

“We currently have a case in our pipeline that will be a portfolio of three packaged as an investment opportunity.”

Read more: Litigation finance special report

SMEs that receive direct debit payments should turn to alternative lenders Revealed! Which P2P lenders are growing revenue the fastest

Related Posts

magnifier

Industry News, News, Top 3

Trade association calls for more FCA scrutiny

FOLK2FOLK - Roy Warren MD - head crop (col)

Industry News, News, Top 3

Folk2Folk eyes £100m from institutions as it expands nationally

the acronym fca for Financial Conduct Authority concept represented by wooden letter tiles

Industry News, News, Top 3

FCA to publish initial supervisory work on consumer credit guidance

Popular posts:

  • Chancellor unveils recovery loan scheme
  • Budget outlines plans for £15bn of green bonds in 2021
  • FCA warns The House Crowd investors against using…
  • Government to launch replacement future fund scheme
  • BBB sets out further details on recovery loan scheme
  • Cyan Finance launches IFISA to help investors go green
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by