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
Click here for more information on our ratings
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

Emortal is on a mission to enable families to protect, preserve and pass on something important; their digital legacies. Emortal is regarded by Vint Cerf - as the first viable solution to this concerning issue - as is evidenced by both investing in the business and, his ongoing strategic support and brand advocacy. Emortal was subject to an acquisition offer of USD 12.1 million by Microsoft in 2010. It is its ambition to launch in Q3 2021 - and to be able to capitalise on further big tech sector interest.
pledged: 132% days to go: 29 investment: £1,323,120
SwipeStation is the leading mobile payment provider for the stadium industry. SwipeStation has created a unique mobile payment service aimed at stadiums, festivals, exhibitions and other mass gatherings. The company's existing clients include the biggest caterers in this market: Sodexo/Centerplate, Compass and Delaware North. SwipeStation successfully agreed on a signed Letter of Intent from one of the ten largest stadiums in the country to become (to the best of our knowledge) the world's FIRST mobile-payment only stadium - all powered by SwipeStation. The investment received will be split across five core areas: 35% - Expanding the Business Development and Ops team, 20% - Product development, 15% - PR and Marketing, 15% - International Expansion, and 15% - Increasing stock.
pledged: 94% days to go: 39 investment: £235,540
JustUs is a provider of crowdfunded financial products for consumers. The platform argues that savers are looking for alternative ways to grow their money and are looking increasingly to financial technology solutions given that bank rates are likely to be cut to -0.1% in 2021. JustUs aims to provide savers with a higher rate of return while supporting borrowers who struggle to find financial products on the high street. The platform is approved by the Financial Conduct Authority (FCA). JustUs has witnessed more than 850,000 successful transactions on its portal since launch, with £7 million worth of lender capital repaid, and £913,000 as interest paid to its lenders. It also successfully integrated global crypto banking application Moneybrain into its platform in 2020. JustUs will use the investment to support compliance and administration of the JustUs ‘Peoples Mortgage’ proposition, as well as, look into its IT and back-office recruitment.
pledged: 101% days to go: 22 investment: £1,321,560
Kestrl is a mobile app based on the principles of Islamic banking. It aims to cater to the over 1.9 million British Muslim community to invest in the UK in line with their religious beliefs. Consumers can avail a host of financial services from finding interest-free savings accounts to taking out a mortgage. The company raised a £135,000 pre-seed round from C-level Islamic banking professionals in January 2020. It also launched its application on Google Playstore and App store in September 2020. Kestrl is working on launching an equity-based home purchase product soon. It also aspires to expand to Malaysia/Indonesia by white labelling with established retail banks and utilising its 'inside knowledge' of the region. It will use 39% of the investment towards platform up-gradation and tech team expansion, 20% towards hiring personnel across various departments, 19% for maintaining agency license fees and acquiring its own regulatory permissions, 8% in marketing, and 14% towards ancillary costs.

Pitch Rated

50%

Insufficient Data

rating powered by

CROWD RATING™

pledged: 118% days to go: 1 investment: £189,406
Recap is a cryptocurrency portfolio tracking, analytics and tax reporting platform. The company claims that market participants engaging in cryptocurrency have to deal with complex issues such as tracking all of their transactions, valuing cryptocurrency transactions in their tax currency and understanding capital gains tax legislation laws. Recap aims to solve this issue by enabling said participants to calculate any tax they owe on their cryptocurrency trading activity in a matter of seconds on its portal. The company has plans to launch a mobile application enabling investors to track their portfolio on the move. It also intends to come up with a Business-to-business (B2B) offering which Recap asserts will enable crypto native companies to account for their cryptocurrency activity with automatic accounts reconciliation to accounting software like Xero and Quickbooks. The company’s exit strategy is a trade sale within 3-5 years to a cryptocurrency exchange or accounting software provider.

Pitch Rated

84%

Gold

rating powered by

CROWD RATING™

pledged: 31% days to go: 10 investment: £95,272

  • £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