FinTech Magazine February 2021 | Page 67

05 PrimaryBid

Available on both iOS and Android , PrimaryBid ’ s app offers users a tech-based platform for investing in public companies . An official partner of the London Stock Exchange , the company seamlessly connects investors with equity placings offered at a discounted market place . So far it has completed 100 deals , each with an order book between £ 500k and £ 10m .
In October 2020 , PrimaryBid successfully closed a $ 50m Series B funding round . Reflecting on the impact that COVID-19 has had on the investment market , Anand Sambasivan , CEO , considered the continuing success of PrimaryBid to be reflective of its inventive approach : “ Our technology has allowed thousands of retail investors to participate on equal terms with institutional investors , unlocking a large and important source of liquidity and long-term share ownership for corporate issuers .”

67 2015 YEAR FOUNDED

CEO ANAND SAMBASIVAN

Investment TYPE OF APP fintechmagazine . com