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

Don’t invest unless you’re prepared to lose all the money you invest. NextFin promotes high - risk investments and you are unlikely to be protected if something goes wrong.
Take 2 minutes to learn more.

Status: Expired

May 23rd 2021 - Jun 30th 2021

VINEX is a digital Business-To-Business (B2B) trading platform that connects buyers and sellers to source, sample, negotiate and execute contracts related to wine. The company has traded more than 115 million bottles of wine across 26 countries since 2016. It has also witnessed 3,200 monthly visitors on its platform with an average of 80 million litres of wine traded each month, from 16 countries. The company recently launched VINPay, an industry-first financial technology service customised for the wine industry, providing wineries with guaranteed payment and increased access to capital liquidity. VINEX argues that VINPay pays wineries in 3 days from dispatch, rather than them waiting for 90+ days, and removes non-payment risk. The company points out that it has already started processing invoices, making and receiving payments from 7 countries. VINEX aims to become a contender in the wholesale wine market that is set to exceed US$381 billion in 2021. It will use the investment to help wineries invest and flourish.

read more read less

VINEX Rating Review

Pitch rating powered by CROWDRATING

Rated on 14/03/2021

Pitch Rated

50%

Insufficient Data

Management

81%

Product

70%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

Log in to view amount pledged

    Log in to view target

    £7,234,944
    pre-money valuation

    2.69%
    equity available

    159
    investors

    £1,005
    pledge per investor

    11759511
    company number

    Active
    company status

    10/01/2019
    incorporated 5 years

    £0.19
    share price

    Officers

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 81%

Skills 73%
The Co-Founders witnessed a paradigm shift with retailers consolidating, private wine label increasing, and wineries needing to access new markets to grow. As per the profiles listed publicly and on LinkedIn, the Co-Founder/Managing Director has considerable expertise in wine production and international trading. He mainly focuses on ways to better connect buyers and sellers through technology and match their needs. The Co-Founder/Director Of Business Development is skilled in business planning, sales, direct marketing, wine, and key account development. The Regional Manager has been able to grow direct member connectivity and relationships through the VINEX Direct Exchange. The Publishing Editor/Consultant is a well-known UK wine industry editor who heads VINEX publishing, supported by a market data analytics specialist who provided real-time insights and analysis and publishing the industry's first Global Wine Price Index. The Finance Manager is a qualified accountant and oversees the financial transactions and accounts of the exchange. It was noted that the Founder/CEO is also taking up the responsibilities of the product head in the company.

0 comments

Log in to comment


Funding progress

Log in to view funding progress.


More from Professional, Financial and Business

Plerith works with high growth start-ups and scaling companies to plan for and deliver growth. The company asserts that it helps companies promote their business to potential funders, through its network of angel and venture capital investors depending on the stage and sector of the said business. Plerith is partnering with Newable and Bristol Private Equity Club to deliver the fund in the South West London (SWL) area and identify and invest in the most exciting high growth companies in the region. Plerith argues that its deep knowledge of fundraising, sales, strategy, finance and technology would help SWL businesses flourish. Plerith aims to provide investors access to the highest quality local companies in the SWL region.
days to go: Stretch investment: Withheld

Log in to view amount pledged

    Log in to view target

    £7,234,944
    pre-money valuation

    2.69%
    equity available

    159
    investors

    £1,005
    pledge per investor

    11759511
    company number

    Active
    company status

    10/01/2019
    incorporated 5 years

    £0.19
    share price

    Officers
  • 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