New alternative investments fintech launches
Darksquare, a new fintech offering alternative investments to the retail market, has launched.
London-based Darksquare states it wants to be a one-stop shop for alternative assets such as private debt, real estate and renewable energy projects, distressed credit, forestry investments, hedge funds and more.
Read more: UK investors eschew ESG for profits amid cost-of-living crisis
These types of assets are usually only available to very wealthy investors, but Darksquare is opening up the market to a wider demographic, according to AltFi.
Darksquare has reportedly begun onboarding from its waitlist of 600 people for its first live deal with a £5,000 minimum investment.
Founded in 2022 by Daniel Harman and Alex Whitney, the launch offer from Darksquare is a fractionalised private debt investment via consumer lender, Plend. Darksquare has a £300,000 allocation to the funding deal.
Read more: Over half of EU P2P investors prioritise ESG
“We’re excited about partnering with Plend for our first live deal,” said Harman, cited in the AltFi report. “It’s a top of the capital structure, low-risk deal which still yields over 10 per cent, exactly what we’re looking to offer our customers. On top of that, it’s also helping more people in the UK get access to credit. It’s a genuinely ESG positive investment with a strong yield.”
The return is before fees or potential losses. Fees are one per cent upfront on investment sums with a further one per cent annual management fee on assets.
Read more: UK investors eschew ESG for profits amid cost-of-living crisis
