Anthemis lead the way with AXA Strategic Ventures also participating.
Anthemis leads the way with AXA Strategic Ventures also participating.
Direct lending investment manager Goji has clinched a significant sum of money in a series A investment round. The investment was led by Anthemis’ Venture Fund 1 (AVF1) and also included AXA Strategic Ventures (ASV).
Goji launched its Diversified Lending Bond in January 2017, thereby giving investors exposure to thousands of loans through a single point of access, as well as the chance to hold those loans within an Innovative Finance ISA.
The business is one of the few to address the problem of multi-platform IFISAs. Investors may not allocate their yearly IFISA allowance of £20,000 to more than one peer-to-peer platform at a time, which translates to wait-times of several years for those wanting to build up an IFISA portfolio that spans multiple platforms.
Goji’s bond, which targets returns in excess of 5 per cent over a one or three-year term, solves the problem. The bond is explicitly targeted at financial advisors and wealth managers wishing to offer their clients exposure to the direct lending asset class. The bond’s 12-month results will be released at the end of January.
The undisclosed sum of money raised in the series A round will allow Goji to further develop its platform and product pipeline.
“Anthemis is dedicated to reinventing financial services for the digital world by cultivating change and new business models. The development of new asset classes is an important part of this change and Goji personifies this vision by combining a strong technology platform with a clear focus on the Direct Lending sector,” said Yann Ranchere, a partner at Anthemis.
“We are looking forward to supporting the Goji team as they continue to empower investors and financial intermediaries to access the Direct Lending sector which we believe has the potential to drive change in traditional investment markets.”
Besides providing access to direct lending opportunities, Goji also manages and administers over £20m of IFISA assets through its platform for third party lending platforms. The company announced a wave of new hires and board member appointments in December, as it geared up for a busy ISA season over the next few months.