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
9th Sep 20147:00 amRNSADVFN join forces with Alliance News
29th Aug 20147:00 amRNSLaunch of ADVFN Podcast
21st Aug 20142:40 pmRNSOTC Markets Group Welcomes ADVFN to OTCQX
21st Aug 20147:00 amRNSADVFN join forces with FinGraphs
20th Aug 201412:16 pmRNSResult of EGM
4th Aug 20145:37 pmRNSPosting of Circular
31st Jul 20147:00 amRNSADVFN launches new state-of-the-art stock charts
24th Jul 20146:09 pmRNSResignation of Director
18th Jul 20144:07 pmRNSAIM Rule 17 Notice
8th May 201412:31 pmRNSNew Director
7th May 20147:00 amRNSADVFN launch its new FOREX app
22nd Apr 20147:01 amRNSThrogmorton Street Capital FCA Approval
7th Apr 20144:38 pmRNSDirectorate Change
10th Mar 20147:00 amRNSHalf Yearly Report
25th Feb 20147:00 amRNSBen Edelman to headline at UK Investor Show
12th Dec 20132:17 pmRNSResult of AGM
18th Nov 20137:00 amRNSLaunch of Hot, Stock Rockets
23rd Oct 20137:30 amRNSFinal Results
8th Jul 20137:00 amRNSAcquisition of website
19th Apr 20135:20 pmRNSReplacement - Director's Dealings
17th Apr 20135:04 pmRNSDirector Dealings and intention to retire
8th Mar 20136:00 pmRNSHalf Yearly Report
8th Feb 20137:00 amRNSUK Investors Show Sells Out
10th Jan 20137:00 amRNSADVFN grows its content offering
13th Dec 20121:49 pmRNSResult of AGM and CEO statement
23rd Oct 20126:18 pmRNSFinal Results
27th Sep 20127:30 amRNSADVFN Takes Financial Information Mobile
31st Aug 20127:00 amRNSADVFN Releases New iPhone & iPad App
22nd Aug 201212:28 pmRNSIssue of Equity
9th Jul 201211:30 amRNSManagement buy-out of Equity Holdings Ltd
31st May 20127:30 amRNSADVFN Releases New Android App
9th May 20125:31 pmRNSIssue of Equity
26th Apr 20124:31 pmRNSIssue of Equity
28th Mar 20127:30 amRNSPartnership Agreement
1st Mar 20126:13 pmRNSHalf Yearly Report
15th Dec 20115:39 pmRNSResult of AGM and CEO statement
12th Dec 20112:45 pmRNSIssue of Equity
7th Dec 20117:00 amRNSHolding(s) in Company
20th Oct 20117:00 amRNSFinal Results
6th May 20117:00 amRNSIssue of Equity
14th Apr 20111:03 pmRNSFinancial app for iPad and iPhone
7th Apr 20117:00 amRNSExercise of options
23rd Feb 20117:00 amRNSHalf Yearly Report
19th Jan 20117:00 amRNSExercise of Options
14th Jan 20115:00 pmRNSRe-dating of options
16th Dec 20101:15 pmRNSResult of AGM and CEO statement
9th Nov 20107:00 amRNSPartnership with Continuum
14th Oct 201010:09 amRNSExercise of options
24th Sep 20102:45 pmRNSHolding(s) in Company
20th Sep 20102:15 pmRNSAudited Results for the Year Ended 30 June 2010

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.