Sharegain, a London, UK- and Israel-based fintech startup offering a securities lending platform, raised $5m in the latest round of funding.
The round brought total funding to $12m. The funding, over two rounds, came from:
– Blumberg Capital,
– Target Global,
– Maverick Ventures Israel,
– Rhodium, and
– private investors from the financial industry.
The company intends to use the funds for the roll-out of its platform to private banks, online brokers and robo-advisers, as well as scaling up its operations with family offices and asset management firms.
Led by Boaz Yaari, CEO and Co-Founder, Sharegain is a FCA-regulated SLaaS (Securities-Lending-as-a-Service) platform for financial institutions and family offices to generate revenue through loaning out their financial assets.
The platform features a dashboard to view, control and execute.
An undisclosed group of lenders are already using the Sharegain platform and the company is also collaborating with global financial institutions to drive best practice and a more transparent approach to securities lending.