London-based RetailBook has raised a £4.5m funding round led by Europe’s leading publicly listed FinTech fund Augmentum Fintech plc.
The firm aims to address the challenge of limited retail investor access to primary capital markets by providing a platform for participation in investment opportunities.
The service is accessed through established retail investment platforms and it will use the investment to expand its product, grow its platform’s capabilities and forge new partnerships with retail brokerage platforms.
London-based Augmentum joins existing investors Peel Hunt, Jefferies, Rothschild & Co and Hargreaves Lansdown in supporting the company and its CEO, Tim Levene, will join the RetailBook board.
“We have had a relationship with the RetailBook team for some time, and their work to democratise investment access directly reflects Augmentum’s core mantra,” said Levene.
“With recent market reforms focused on enhancing UK market liquidity and the government’s emphasis on unlocking diverse capital pools, RetailBook is poised to play a crucial role.
“Their excellent team, strong network, and best-in-class solution will enable them to become the key channel for retail participation in public markets.”
James Deal, co-CEO of RetailBook, added: “We are delighted to welcome Augmentum and look forward to utilising their extensive expertise and network in the fintech sector. Our goal remains the delivery of comprehensive public inclusion.
“Retail investors are a crucial component of vibrant capital markets and we are excited by the pipeline of truly exceptional companies that are considering London as their listing venue.”
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