Goji says that pressure on VCT, EIS and BPR managers to raise new money means that established names are increasingly looking to the Innovative Financ
e ISA (IFISA) market.
Goji has unveiled a ‘platform as a service’ (PaaS) offering for investment providers looking to enter the direct lending sector.
This allows third parties to white label Goji’s own technology platform in order to create their own alternative lending products whilst taking advantage of IFISA and SIPP wrappers.
The firm believes providers who may not have had the technology or time to develop their own platform will be natural customers, especially the managers of Venture Capital Trusts (VCT), Enterprise Investment Schemes (EIS) and Business Property Relief (BPR) schemes.
This follows on the back of recent changes by the Government to the Risk to Capital Condition that in effect restricts investment into asset-backed businesses.
e ISA (IFISA) market to offer products to investors and finance their investment strategies.
Three managers are already using Goji’s platform to power their own IFISA offerings.
Jake Wombwell-Povey, CEO, Goji, said:”IFISAs are an easy way for advisers to access the high yields in the Direct Lending sector. The wrapper has captured the attention of BPR, EIS and VCT managers, who are being excluded from their traditional investment avenues.”