Less Ads, More Data, More Tools Register for FREE

Pin to quick picksADVFN Regulatory News (AFN)

  • There is currently no data for AFN

Agreement with businessagent.com

21 Mar 2016 17:19

RNS Number : 8098S
ADVFN PLC
21 March 2016
 

21 March 2016

ADVFN PLC

Agreement with businessagent.com

ADVFN (LSE:AFN) is pleased to announce that it has signed an agreement with crowdfunding aggregator, Business Agent Limited ("businessagent.com") (the "Agreement").

Pursuant to the Agreement, ADVFN has agreed to introduce businessagent.com to its users and customers, by providing an exclusive listing on its website and mobile applications for equity and debt crowdfunding aggregation.

businessagent.com will initially spend £15,000 on advertising with ADVFN, but if it raises £2 million in funding, it has committed to spend another £60,000 in advertising. In consideration for this, ADVFN has been granted a 4 per cent. shareholding in businessagent.com, worth £120,000 at the current indicative equity valuation for businessagent.com of £3 million. The agreement is for a minimum of 3 years and shall continue on a month by month basis thereafter.

ADVFN will create a link to businessagent.com on the home page navigation of each of its websites. This will start in the UK, but it is envisaged that as crowdfunding becomes more established amongst ADVFN's overseas territories businessagent.com's services will be extended to those territories as well.

Clem Chambers, CEO of ADVFN said "Crowdfunding is still a new sector and one with great potential, quality is much better than quantity. businessagent.com brings the whole sector into one place".

Sacha Bright, CEO of businessagent.com said " this agreement not only catapults businessagent.com several years into the future in terms of traffic and users, but it is also a climactic event for crowdfunding. ADVFN's users invest regularly in the main financial markets and this is an opportunity to introduce professional high net worth individuals to equity & debt crowdfunding. The market up to this point has been grown by word of mouth from the high net worth retail investor.

Notes to Editors

businessagent.com lists every equity crowdfunded investment opportunity it can find and collates data on loan based crowdfunding thus enabling visitors to identify lending and investment opportunities all in one place. businessagent.com is also able to introduce companies to alternative loan providers and equity crowdfunding sites to raise capital for their businesses.

businessagent.com has a vision of creating the primary alternative finance market place through aggregation. Its mission is to help businesses get the funding they need and help investors improve their returns from their crowdfunding investments by allowing them to compare investments, see all the opportunities in one place and access data on the whole market so that they can make more informed decisions.

businessagent.com was founded in December 2013 and launched in July 2014. It received its FCA authorisation in September 2015. For the year ended 31 December 2015 businessagent.com made a loss of £164,331.

 

- ends -

Contacts:

Clem Chambers: clemc@advfn.com

Salmaan Khawaja / Jen Clarke / Jamie Barklem: 0207 383 5100

Grant Thornton UK LLP (Nominated Adviser)

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGRUAABRNNAOUAR
Date   Source Headline
30th Dec 20192:00 pmRNSPrice Monitoring Extension
23rd Dec 20193:15 pmRNSResult of AGM
12th Nov 20197:00 amRNSNominations Open for ADVFN Financial Awards 2020
29th Oct 20195:26 pmRNSFinal Results
25th Oct 20197:00 amRNSADVFN Private Investor Event for KR1 plc
25th Sep 20197:00 amRNSLaunches ADVFN Funds Showcase - investor resource
13th Sep 201910:29 amRNSHolding(s) in Company
13th Aug 20197:00 amRNSADVFN Books Goes Global with New Deal
22nd Jul 20192:05 pmRNSSecond Price Monitoring Extn
22nd Jul 20192:00 pmRNSPrice Monitoring Extension
22nd Jul 201911:05 amRNSSecond Price Monitoring Extn
22nd Jul 201911:00 amRNSPrice Monitoring Extension
7th May 20198:30 amRNSADVFN Investor Event for Avation plc
28th Mar 20194:10 pmRNSHolding(s) in Company
20th Mar 20198:00 amRNSADVFN International Financial Awards 2019: winners
20th Mar 20197:00 amRNSHalf-year Report
5th Feb 20196:04 pmRNSExercise of Options, Director/PDMR Holding and TVR
29th Jan 201911:26 amRNSHolding(s) in Company - Update
25th Jan 201912:02 pmRNSHolding(s) in Company
16th Jan 20192:31 pmRNSDirector/PDMR Shareholding
14th Jan 20191:18 pmRNSDirector/PDMR Shareholding
10th Jan 201912:17 pmRNSHolding(s) in Company
14th Dec 20183:08 pmRNSResult of AGM
5th Nov 20187:00 amRNSFinal Results
2nd Oct 20184:40 pmRNSSecond Price Monitoring Extn
2nd Oct 20184:35 pmRNSPrice Monitoring Extension
21st Aug 20182:05 pmRNSSecond Price Monitoring Extn
21st Aug 20182:00 pmRNSPrice Monitoring Extension
18th Jun 201811:05 amRNSSecond Price Monitoring Extn
18th Jun 201811:00 amRNSPrice Monitoring Extension
18th Jun 20189:05 amRNSSecond Price Monitoring Extn
18th Jun 20189:00 amRNSPrice Monitoring Extension
14th Jun 20182:05 pmRNSSecond Price Monitoring Extn
14th Jun 20182:00 pmRNSPrice Monitoring Extension
8th Jun 20187:00 amRNSDirector/PDMR Shareholding
1st May 20188:30 amRNSCryptoCompare & MJAC London Blockchain Summit
18th Apr 20185:35 pmRNSCorporate Update
16th Mar 20182:02 pmRNSHalf-year Report
14th Mar 20187:00 amRNSADVFN International Financial Awards 2018: winners
9th Mar 20184:59 pmRNSAmended sale terms - Equity Holdings Limited
15th Dec 201711:48 amRNSResult of AGM
7th Dec 20177:00 amRNSPlusOneCoin cryptocurrency project
24th Nov 20174:15 pmRNSGrant of Options
20th Nov 201710:46 amRNSCorporate Update
16th Nov 20177:30 amRNSNew blockchain regulation advisory service
26th Oct 20177:00 amRNSAppointment of Nominated Adviser
23rd Oct 20175:37 pmRNSAudited Results for the Year Ended 30 June 2017
28th Jun 201712:53 pmRNSHolding(s) in Company
19th Jun 20174:36 pmRNSDirector/PDMR Shareholding
24th Mar 20175:00 pmRNSHalf-year Report

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.