The star of the AIM sector in a fairly quiet week was Teathers Financial, which was up 66 per cent on the back of two deals.
The fin-tech company is developing an app that makes it possible for private investors to buy into initial public offerings and share placings of listed firms at the same price as the institutions.
Teathers said on Tuesday it had inked its first broker licence agreement – with Shard Capital, which already gives clients access to City fundraisers.
However the two reckon Teathers’ technology could revolutionise the way smaller companies go about raising fresh capital.
Teathers is bringing the know-how to the party, but Shard’s role shouldn’t be under-estimated as it provides the compliance and custodial support these sort of ventures require.
Teathers’ second partnership was slightly more straightforward – it is teaming up with growth company specialist Proactive Investors, which will provide all the video and written content for the app.
Looking at the wider market for small-caps, the FTSE AIM 100 marginally outperformed the UK’s top stocks this week with a 1.5 per cent gain. The blue chip index advanced 0.6 per cent in that period with its fair share of ups and downs.