HotViews Archive

Skip Navigation Links.
Collapse 2018 (58)2018 (58)
Collapse November (58)November (58)
Amazon reinvents the light switch
13 Nov 2018
Experian H1: growth driven by B2B proposition
13 Nov 2018
Great British Scaleups: The Fifth Generation – Day 1
13 Nov 2018
Kofax spends US$400m on Nuance for RPA
13 Nov 2018
Little first half cheer for Vodafone
13 Nov 2018
Hold on to your hats
13 Nov 2018
AXA helps Birdie take flight
13 Nov 2018
Cyan Forensics secures new funds
13 Nov 2018
SERVICES READY 2019: Challenges and Innovation for Professional Services in Tech
13 Nov 2018
SAP puts up $8bn for Qualtrics for CX data
12 Nov 2018
North London authorities to end shared IT service
12 Nov 2018
Virtual estate agent Nested raises a real £120m
12 Nov 2018
EduMe gets dosh to bring CBT to gig workers
12 Nov 2018
*NEW RESEARCH* BMC: Running and reinventing for its customers – and itself
12 Nov 2018
Gain access to TMV's Full UKHotViews and UKHotViewsExtra Articles
12 Nov 2018
Software and IT Services - Putting Finance at the Core: FINANCE READY 2019
12 Nov 2018
*NEW RESEARCH* Communisis – From Printer to Customer Experience Management
09 Nov 2018
Northgate wins first software deal in India
09 Nov 2018
Portify gets £1.3m to manage gig worker finances
09 Nov 2018
Rimini Street investing for growth
09 Nov 2018
Unisys revenue improves again in Q3
09 Nov 2018
InsurTech Yulife raises £3m for 'wellbeing' life insurance
09 Nov 2018
Equiniti benefits from strong year for IPOs
09 Nov 2018
ScaleUp Group scales up with new talent
09 Nov 2018
Accenture latest partner for ambitious scale-up Quantexa
08 Nov 2018
CGI UK bookings picture weakened by Brexit
08 Nov 2018
Atos/VMware team up on IoT practicalities
08 Nov 2018
Tracsis closes solid year of progress
08 Nov 2018
Conduent sees bumps in the road in Q3
08 Nov 2018
AdEPT buys ETS for healthcare UC
08 Nov 2018
H1 results reflect Xero's expansion activities
08 Nov 2018
Zopa banks another £16m to become a bank
08 Nov 2018
Home Office faces further criticism of police strategy
08 Nov 2018
CyberArk Q3 confirms strong demand for IAM
08 Nov 2018
Lloyds puts thought – and dosh – into Thought Machine
08 Nov 2018
Blue Wave or Blue Ripple?
08 Nov 2018
SCC acquires avsnet
07 Nov 2018
'Frugal' Ignitho ignites in the US
07 Nov 2018
aiden.ai - one for the mobile app marketers
07 Nov 2018
£50m invested in new AI centres for healthcare
07 Nov 2018
Speculation points to Symantec PE buyout
07 Nov 2018
Genpact delivers solid third quarter
07 Nov 2018
DXC fails to hit Q2 revenue target
07 Nov 2018
Partnerize finds new funding partner
07 Nov 2018
Starcom raises expectations
07 Nov 2018
Engineer.ai: blending humans and AI for app dev
07 Nov 2018
Subdued Sophos looks to FY20 for better results
07 Nov 2018
Capita renews Westminster Revs & Bens
07 Nov 2018
Paddle rows further with new funding
07 Nov 2018
Not a TechMarketView Client? Sign up to UKHotViewsPremium and reap the benefits of our archive
07 Nov 2018
FINANCE READY 2019: How Finance Professionals in Tech are preparing for the future
07 Nov 2018
Software drives strong H1 for First Derivatives as it moves to the edge
06 Nov 2018
*UKHotViewsEXTRA* Castleton: increasing cross-sell potential
06 Nov 2018
Tata toasts Carlsberg SD-WAN deployment
06 Nov 2018
Sharegain raises dosh to bring 'shorting' to the masses?
06 Nov 2018
Symantec boosts ailing enterprise business with dual acquisition
06 Nov 2018
OFGEM price cap hides smart meter price hike
06 Nov 2018
Great British Scaleups: The Fifth Dimension
06 Nov 2018

UKHotViews©

 

Tuesday 06 November 2018

Sharegain raises dosh to bring 'shorting' to the masses?

logoWell, not the masses, of course. This, as they say in the classics, is one strictly for sophisticated investors – perhaps particularly those with a penchant for taking a punt on a 'short' call.

Billed as a UK/Israeli startup, with directors in both countries (and one in the Russian Federation –  Source: Companies House), Sharegain is a securities lending platform intended for financial institutions and family offices to generate revenue through loaning out their financial assets.

The idea is that you register your financial assets on Sharegain and other investors can request to borrow them for a monthly fee (and collateral lodged with a third-party custodian, of course) until the loan ends and they are returned to their rightful owner. Sharegain takes an average 20% cut of the stock lending revenue (Source: FT).

What the borrower does with the financial asset on loan is up to them. For example, they might be selling it 'short' to other investors in the hope that the value drops before they have to repay the lender.

Founded in 2015, Sharegain has raised a further $5m in the second part of a $12m funding round backed by Blumberg Capital, Target Global, Maverick Ventures Israel, Rhodium, and private investors. The funds are intended to support the roll-out of its platform to private banks, online brokers and robo-advisers (!) as well as scaling up existing operations.

I won't begin to describe the caveats on this one – as I say, you really need to know what you're doing. In any event, Sharegain's website makes it clear that the platform is intended for professional and retail investors with holdings over £500k.

One for the brave from every angle, I would say!

Posted by Anthony Miller at '09:06' - Tagged: funding   startup   FinTech  

Add a comment Add a comment Twitter   Facebook   LinkedIn   Email article link




© TechMarketView LLP 2007-2018: Unauthorised reproduction prohibited see full Terms and Conditions.