We use cookies to improve your experience on this site. By viewing our pages, you give us consent to use cookies. Find out more.

Status: Expired

- Dec 2nd 2020

Peerport Limited (trading as MultiISA) is targeting the multi-million-pound market and claims to offer a holistic approach to Individual Savings Account (ISA) management. The company asserts that traditional ISA managers don’t give users enough flexibility with their investment choices. Current ISA rules restrict investors to only one ISA of each type per tax year. This impedes the investors’ ability to build a diversified IFISA portfolio. Peerport argues that its portal offers investors the freedom to operate multiple accounts like Innovative Finance ISA (IFISA), Cash ISA, and Stocks & Shares ISA under a single ISA management platform. The company will use the investment to finalise the build-out of its end to end platform, fund its office space, manage marketing costs, oversee staffing costs, pay regulatory fees and supervise working capital.

read more read less

Peerport Limited Rating Review

Rated on 13/10/2020

Pitch Rated

88%

Gold

Management

87%

Product

87%

Investment

90%

Pitch rating powered by CROWDRATING

  • £6,033
    pledged
  • 4%
    of goal

    £150,000
    target

    £749,820
    pre-money valuation

    16.67%
    equity available

    Withheld
    investors

    Withheld
    pledge per investor

    11670296
    company number

    Active
    company status

    09/11/2018
    incorporated 2 years

    Previous Funding rounds
    21 Sep 20 Crowd for Angels £6,033 / 4% 88.00%

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating

RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.

Login to view the full report

Management 87%

Skills 91%
MultiISA's management team though relatively small, consisting of just two members (CEO and CMO), has got complementary skills in the core team with diverse backgrounds and global experiences. The Founder/CEO brings a wealth of regulated supervisory, compliance and administration skills with extensive supervision experience. The CMO skills in leadership, marketing and valuable insight into the formal structures and procedures in the corporate world will ensure a successful launch and continued business growth. The company is supported by two Non-Executive Directors who are creative innovators and industry experts. One of the NED has held numerous roles in technology companies and remains passionate about programming. In contrast, another NED has a deep understanding of corporate governance, reinforce the firm’s code of conduct, conflict of interest and financial management standards. It was noted that the CEO is also taking up the responsibilities of the Finance Head in the company.

0 comments

Log in to comment


Funding progress



More from Professional, Financial and Business

Tred is the UK’s first green debit card that lets users track, reduce and offset their carbon footprint as they spend. The company plants trees with every sustainable purchase the user makes. It aims to become a contender in the challenger financial technology market that is projected to be worth £365 billion by 2027. Tred won the 'Pay360 Award' at the 2021 Fintech Pitch Live event and has featured in the Evening Standard. It will use the investment to launch the Tred card to the public and develop more features like a personalised carbon coach and green investment options.
pledged: 159% days to go: 25 investment: £638,919
TheCarCrowd is a Passion Asset Investment (PAI) platform that intends to address the lack of investment options for the 8 million UK millennials by allowing them to take a real equity stake in a classic car and benefit from the potential appreciation. The company argues that classic cars appreciated 194% over 10 years up to Q4 2019 as per expert reports. TheCarCrowd points out that its portal allows interested investors to buy shares in cars from just £20 and unlock the benefits of potential appreciation. The company asserts that its business idea has found traction amidst users with over 620 investors registering on the portal since the company's launch in November 2020. TheCarCrowd will use 12% of the investment for Public Relations (PR), 48% for marketing, and 40% for working capital.
pledged: 111% days to go: 28 investment: £222,623
StepLadder is a financial technology company dedicated to helping people buy their first home. The company asserts that it is tackling the housing crisis with its 'StepLadder Circles' that is based on the Rotating Savings and Credit Association model (ROSCA). Users have to state a monthly monetary contribution and a financial goal. The portal then adds them to a group of people with the same goal wherein all users contribute the same amount each month. The portal then randomly allocates one person in the circle each month the total contribution received. This repeats every month for the duration of the circle until everyone has received their deposit. It has awarded over £750,000 to members on its portal. The platform has featured in The Telegraph, Cosmopolitan, and The Independent. It also won 'Innovator of the Year' in the Women in Tech Awards 2020. StepLadder will use the investment received to improve its pan-UK growth via referral and ambassador programs.
pledged: 89% days to go: 25 investment: £111,500
WorkClub is a ready-for-market B2B platform on a mission to disrupt the workspace landscape by making it easy for members to work from anywhere by activating idle space across a range of commercial venues like hotels, workspaces and more. It asserts that in 2020, 46.6% of the UK’s workforce worked remotely, a 9x increase from pre-COVID levels. It argues that its portal perfectly caters to the demands of the aforementioned category. WorkClub has onboarded 5,000+ subscribers and built a network of 180+ workspaces. The company points out that its platform is an ideal solution to downsize or ditch an expensive office lease and retain great talent. It has established key partnerships with entities like FIVERR, Superscript, Zipcar, and Opportunity Network. It will use the investment to scale ‘WorkClub for Teams’, its workspace-as-a-service for small to medium-sized businesses.
pledged: 86% days to go: 16 investment: £259,245
Baanx is a Business to Business to Consumer (B2B2C) banking platform that is Application Programming Interface (API) driven and digital-friendly. It aims to become a contender in the digital asset financial services market that is expected to rise and expand to over 580 million people or 7+% of the world population by 2022. Baanx argues that it is disrupting the slow and expensive banking sector by leveraging blockchain to launch secure and low-cost banking products and services, with a few lines of code. Baanx offers its users 'Digital wallets' (via API or a custom mobile app), crypto-friendly debit cards in physical and virtual formats, and allows users to send fiat or cryptocurrencies to anyone in their contact list with 'zero' Foreign Exchange (FX) fees, through its proprietary software, TextBit.  
pledged: 98% days to go: 9 investment: £9,500,000

  • £6,033
    pledged
  • 4%
    of goal

    £150,000
    target

    £749,820
    pre-money valuation

    16.67%
    equity available

    Withheld
    investors

    Withheld
    pledge per investor

    11670296
    company number

    Active
    company status

    09/11/2018
    incorporated 2 years

    Previous Funding rounds
    21 Sep 20 Crowd for Angels £6,033 / 4% 88.00%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph