Fintech startup Sharegain has received FCA approval to launch the first securities lending platform, allowing investors to generate revenue by loaning out their investments.
Sharegain - a securities-lending-as-a-service (SLaaS) - has raised a total of $12m in backing for the platform, which will be available to asset managers, family offices, private banks, online brokers and robo-advisers having seen "significant early demand". The fintech startup said a group of lenders are already using the Sharegain platform following funding from venture capital firms Blumberg Capital, Target Global, Maverick Ventures Israel, Rhodium and private investors from the financial industry. Sharegain added that historically securities lending was "opaque and outdated" and i...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
