Assetz Capital sold the second largest amount of shares on Seedrs’ secondary market on Tuesday of this week, as the equity crowdfunding platform highlights its commitment to fintech fundraising.
Revolut sold the most amount of shares at £101,465, while peer-to-peer lending platform Assetz Capital sold a total of £18,690 in shares. Coinrule, a platform that sends automated trades to exchanges like Binance, was in third place with £8,042 in secondary market sales.
Assetz Capital has seen a 116.1 per cent rise in its share price since it was first recorded with Seedrs to reach an indicative valuation of £59.5m.
Seedrs, which allows companies to sell shares to investors without the need for an initial public offering, posted a third-quarter update which showed the prominence of fintechs on its platform.
It said in the third quarter it processed £2m in completed transactions, consisting of £972,000 from July, £373,000 from August and £658,000 from September.
Seedrs said it was “encouraged” by the activity on its market and will start work on updating a portfolio tool for the secondary market.
“The number of traders finding matches and the volume of businesses being traded is all very encouraging,” Seedrs said in an update on its website.
“We haven’t seen the step change in growth we saw this time last year but we have seen consistent activity since then.
“We are about to begin a major initiative to update the portfolio tool which is a key hub in the secondary market journey. Please bear with us as we continue to work around the edges of the experience to improve it overall.”
In January, Seedrs exceeded £1bn in total investments, which included tens of millions of pounds in equity fundraising for alternative lenders.
In August, CrowdProperty closed a £1.8m equity fundraising round in partnership with Seedrs and JustUs has said that it has been readying for crowdfunding campaigns on Seedrs.