A new crowdfunding app has been released in the hope that it will transform the way private investors deal in listed companies, through the use of mobile technology.
Teathers Financial Software Limited, which is owned by the AIM listed company Teathers Financial PLC, has jointly launched the App with the FCA regulated broker Shard Capital Partners LLP.
As well as offering dealing facilities, ongoing investment monitoring and also a news functionality, the ‘Teathers App’ enables qualified investors to participate in Private Placings and IPOs at the same prices and on the same terms as institutional investors. The Teathers App breaks down the traditional barriers to entry in IPOs and private placings, providing a level playing field for private investors.
Teathers Executive Chairman Jason Drummond said:
“This App is revolutionary in the sense that it is the first crowd equity mobile solution allowing private investors access to IPOs and placings in publicly trading companies. Previously few private investors had the opportunity to participate in fundraisings on the same terms as institutional investors. However, the Teathers App will help to change this. With additional functionality focussed on news, portfolio monitoring as well as video and audio company updates, the Teathers App provides private investors with the ability to participate and control their investing strategy across any major mobile platform. I truly believe we have a ground breaking App for private investors and in tandem with Shard are changing the playing field for investors.”
The use of mobile phones in alternative finance is increasing all the time with platforms doing all they can to make their websites mobile friendly. In the UK market there has been a surge in mobile, which we explored earlier this year.
Shard Capital’s involvement in the App is to source IPOs and Placings on an execution only basis and to also provide on boarding services, the regulatory compliance features and the custodial support framework.
Teathers App subscribers have access to on-going financial information to track investments and sectoral trends, live UK share prices, predictive stock search functionality, global economic data as well as portfolio tracking and valuation capability.
Shard Capital CFO Toby Raincock commented:
“The Teathers App broadens our reach to new retail investors who can join our clients in gaining access to institutional offerings, at institutional prices. This mobile platform allows investors to not only participate in listed company financings through our regulatory framework, but also monitor their investments through their mobile device. We are excited about opening up a new arena for retail investors and offering an additional regulated pathway to investment opportunities.”