Peer-to-peer lenders conducting fundraising rounds on Seedrs may benefit from changes to the crowdfunding platform’s secondary market.
Seedrs has introduced variable pricing on its secondary market so buyers can now purchase shares at a discount or a premium from today. The new terms are intended to boost liquidity for platform users.
“The introduction of variable pricing is intended to provide greater liquidity in the market, and therefore allow more investors to trade, where there is currently an imbalance between sell-side and buy-side demand,” Seedrs said in a blog to its investors.
“It will also help investors who, for personal reasons, may want to realise a portion of their holdings even if it means they do so at a discount, and it will help prospective buyers who are so keen to be part of a company’s journey that they are willing to pay a premium.
“In time, we hope to be able to evolve variable pricing further in order to make it even more dynamic. But for now, we hope you find this new feature useful, and we thank you for your continued support and feedback as we continue to grow our secondary market offering.”
A number of P2P lending platforms have been conducting fundraising rounds on Seedrs of late and may stand to benefit from this change to its secondary market.
P2P lender Assetz Capital is currently running a Seedrs equity crowdfunding campaign, which it plans to match alongside the future fund, to scale and prepare for lending under the coronavirus business interruption loan scheme. The platform raised its latest fundraising target from £1m to £1.5m, after an initial Seedrs equity funding round was oversubscribed.
Meanwhile, property-backed lender CapitalRise has raised more than £1m to expand its product range and launch a self-invested personal pension wrapper. It also plans to match this with the future fund.
Last month, European P2P lending platform EstateGuru raised €1,013,000 (£922,786) on Seedrs to fund its plans to expand into several European countries.
And tradeable platform Propetly, which will have its UK launch later this year, has recently completed a successful Seedrs funding round. This will allow the platform to launch in the fourth quarter of this year, first in the UK and then across the rest of Europe.