Minexia seeking £350,000 to develop NR Private Market platform

Minexia Ltd, the owner of NR Private Market is to use the investing platform to raise £350,000 at 15p per share to beef up its IP and technological infrastructure.

The funding will also allow it to continue its diversification into parallel and complementary “Fin-tech” and “Green-tech” platform verticals, all of which will sit under the Minexia umbrella.

Originally focused on mining, the NR Private Market global platform gives registered high net worth investors access to a pipeline of quality, pre-screened opportunities.

Since its launch at the start of 2019, the platform has raised £15mln in ten deals that recently included its first non-mining deal in Hi55, a FinTech business that raised £3.2mln.

Minexia added it has been cashflow positive since the second quarter of 2020 and is forecasting revenues of £190,000 for 2020 rising to monthly recurring revenues (MRR) of £100,000 in the fourth quarter of 2021.