FINIMIZE LIMITED RAISES 135,000 GBP AND CONVERTS LOAN NOTES WITH VALUE 1,033,000 GBP

Passion Capital II LP

WHO ARE FINIMIZE LIMITED

Finimize Limited started when we had some savings ourselves and couldn’t figure out what to do with them. Everyone tells you to budget and save. But no one tells you what to do after that. You know you should be doing something smart with your money, but who do you listen to? You’ve read about cryptocurrencies, researched robo advisors but when it came down to it, you didn’t feel confident in handing over your money. A financial advisor could help you, but you either don’t trust them or can’t afford to pay them.

We dare to envisage a world where you don’t need a financial advisor – much as you no longer need a travel agent thanks to the likes of Expedia. Just as you do with films, restaurants and hotels, we see a world where you consult an independent platform before making any financial decision.

Our first product is our daily newsletter that explains what’s happening in the world of finance in 3 minutes and without any jargon. This has attracted 600,000 readers – but removing financial jargon is just the first step in levelling the playing field. Since then we have expanded our team, and grown our community around the world!

The next step in our mission is making your voice heard by building the “TripAdvisor” for finance. We’ve built this awesome new app where you can read user-generated reviews on a range of financial products, and therefore have the ability to figure out what to do with your money.

We’re on an important journey to revolutionize this industry

WHO ARE THE INVESTORS IN FINIMIZE LIMITED

Shareholders as per Confirmation Statement Dated 11 August 2019

Shareholder Owned   Shares   Price per share paid  Total Investment  
ANDREAS STOPLE 0.84% 13,902 0.01 139
MAXIMILIAN SASSAN ROFAGHA 42.15% 700,000 0.01 7,000
SCOTT TINDLE 3.76% 62,500 0.01 625
ASIA JUBILEE INC. LIMITED 3.22% 53,551 1.2138 65,000
JASON BUTLER 1.24% 20,596 1.2318 25,370
PASSION CAPITAL II LP 17.86% 296,589 1.2318 365,338
ASIA JUBILEE INC. LIMITED 1.08% 17,876 3.03 54,164
CHERRY VENTURES FUND II GMBH & CO KG 19.67% 326,732 3.03 989,998
HW CAPITAL GMBH 0.99% 16,501 3.03 49,998
JASON BUTLER 0.41% 6,875 3.03 20,831
JEREMY YAP 0.99% 16,501 3.03 49,998
NEIL CAPEL 0.20% 3,300 3.03 9,999
OSAUHING NOTORIUS 0.30% 4,950 3.03 14,999
PASSION CAPITAL II LP 5.76% 95,709 3.03 289,998
TSCIC FUND I. LP 0.40% 6,600 3.03 19,998
ANDERS KRAVIS 1.12% 18,536   0
         
        1,963,456

 

NEW ISSUE OF SHARES AND LOAN NOTE CONVERSION FOR FINIMIZE

The notes to the accounts for the period ended 31 August 2019 had a note relating to loans and conversion rights.

On 30 June 2020, 100,000 GBP was converted to equity at a discount of 22.55% and 932,857 GBO was converted at a 20% discount to the 134,068 new funds raised at 10.11 GBP per share , a 333% increase from the previous round.

Passion Capital II LP investors include British Patient Capital 

 

 

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