AIM-listed Teathers Financial (LON:TEA) said its technology platform will be used to power a crowd equity app being launched by Shard Capital Partners.

It is Teathers’ first commercial agreement – and both sides reckon the tie-up could revolutionise the way listed firms interact with private investors when raising funds.

Free to download from iTunes Connect, Google Play and Android, the easy-to-use smartphone application will allow Shard Capital to seamlessly offer its fundraising initiatives to its clients.

By grouping private investors together, the platform will allow private investors to take part in share placings and initial public offerings of stock on the same terms as the institutions.

And all of this will be regulated by the Financial Conduct Authority, the watchdog for the sector.

“The Teathers technology will facilitate the provision of a ground breaking mobile application that supports our on-going commitment to offer retail investors access to institutional offerings, at institutional prices,” said Shard chief financial officer Toby Raincock.

“We anticipate this application will simplify access to financial markets for a new type of investor and see this as another major step in the development of the regulated investor arena for private individuals.”

One Comment

  1. Oliver Fattal

    This has been noted…Thank you for this – now amended.

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