AltFi, an alternative finance news site/events organizer and data provider, has listed an offer on Crowdcube to sell 7.69% equity stake in the firm for £250,000. AltFi holds a 30% stake in its sister company AltFi data which periodically publishes reports on alternative finance . The EIS elegible offer has a pre-money valuation of £3 million. The additional capital will be utilized to expand activities in the UK and abroad. Today, AltFi holds annual events in the UK, Australia and the US. AltFi was launched in 2013 by executive directors David Stevenson and Rupert Taylor. Stevenson told Crowdfund Insider; “While 2016 has so far seen some seismic shifts in the growth of the disruption of traditional financial markets, the long term trend suggests there is an enormous potential still untapped and AltFi is positioning itself for the next leg of this process,” said Stevenson, “Crowdfunding remains a relatively new asset class, but having written extensively about the subject for several years and seen a tentative uptick in the progress of the market it seems appropriate to raise capital for own future expansion in this way.” Stevenson added; “We believe our growth strategy and brand positioning will make us an attractive proposition for media conglomerates looking to add players in this space as the sector becomes important in the mainstream media and a vital economic segment in the global economy.” AltFi said that it did not foresee additional funding if the current crowdfunding round was completed. Stevenson said the alternative finance sector was already sizeable and expanding rapidly. “We are positioned to capitalise on its ongoing growth.” AltFi recently published a report on the evolution of equity crowdfunding in the UK. The research determined that a high percentage of issuers remain active since the industry launched. The UK is widely recognized as a leader in crowdfunding and alternative finance in general. Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!
Alternative finance site, events organiser and data provider, AltFi has listed an offer for a 7.69% stake in its equity for £250,000 on Crowdcube. AltFi’s EIS-eligible offer has a pre-investment valuation of £3m. The injection of capital will be used to expand the company’s activities in the UK and further afield. AltFi was launch in 2013 and hosts annual events in the UK, US and Australia.