JustUs plans new crowdfunding campaign
JustUs chief executive Lee Birkett has hinted at launching a Seedrs crowdfunding round in the coming months.
Birkett said in an update to investors that the peer-to-peer lending platform intends to list a new equity round on Seedrs towards the end of the second quarter of this year and is also hoping for institutional backing.
It comes after JustUs raised more than £1.3m through a Crowdcube campaign last year.
The platform has also received financial backing from the government’s future fund.
“The most recent equity investment round valued the JustUs platform at £50m delivering a 25 times paper return to our early investors,” Birkett said.
“We will all continue to keep driving shareholder value at every opportunity and with many exciting announcements to come in the next twelve months the future is looking bright.
“Since announcing these crowdfunding plans we received substantial interest from international strategic investors and we are giving these approaches serious consideration.
“We are currently under non-disclosure agreements and hope to share further details very soon.”
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Birkett also revealed that the platform is working on a pipeline of loans worth £10m and called for its current Seedrs investors to lend on the platform as well.
“We are grateful that approximately 25 per cent of shareholders currently lend on the platform and to really drive shareholder value we should be aiming for 100 per cent,” he said.
“We want to motivate all of our shareholders to become lenders, in doing so we can unlock many millions of new platform liquidity and keep those greedy city institutions at bay who are currently chomping at the bit to eat your interest.”
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