Seedrs lifts cap on size of share lots in shakeup of its secondary market

By Aisling Finn on Friday 28 February 2020

Savings and Investment

Seedrs remains the only crowdfunding service to offer a buy-and-sell investing platform for its users.

Seedrs lifts cap on size of share lots in shakeup of its secondary market
Image source: CEO of Seedrs Jeff Kelisky

Seedrs, the London-based crowdfunding platform, has announced it is changing the way its users invest.

The Seedrs Secondary Market was launched in June 2017 and allows investors to buy or sell shares in companies with Seedrs taking care of the transaction from end-to-end.

The changes Seedrs announced include lifting the share lot size constraint from £1,000 to £25,000, automatically relisting unsold shares and the introduction of a 1.5 per cent transaction fee for both the buyer and the seller.

However, Joel Ippoliti, chief product officer at Seedrs, said: “We want to recognise the early-adopters and supporters of the Seedrs Secondary Market and thank them for helping us develop this product.”

“Therefore, everyone who has bought or listed a share lot in the last 12 months (from 25 February 2019) will have fees waived for 3 months on all share lots less than £1k/€1k.”

Seedrs says the changes come after the platform’s regular investors provided feedback on the beta service it currently offers.

Ippoliti added: “We are committed to continually improving the features and liquidity offered by the Seedrs Secondary Market for the private company investment ecosystem, with much more to come in 2020.”

Since it was founded in 2012, Seedrs has become one of the most popular crowdfunding platforms for fintech startups. 

Alumni of the platform include digital bank Revolut, although Seedrs investors are currently unable to buy or sell shares in the company.

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