AxiaFunder makes two senior hires after losses narrow

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In the News

Mintos stops working with UK litigation finance firm

Mintos, a global platform for investing in loans, has stopped working with UK-based litigation financier Fenchurch Legal due to the “potentially increased reputational risk” arising from the liquidation of Fenchurch’s former parent company. Mintos advised investors that many Fenchurch loans are taking longer than expected to settle due to the impact of the pandemic on the cases that Fenchurch has been funding.

New Fundings

AxiaFunder backs shareholder dispute case

AxiaFunder is raising funding to support an unfair prejudice petition claim against a majority shareholder in relation to a high-value housebuilding company. AxiaFunder is estimating a 3.2x Multiple on Capital for investors if the case resolves favourably at 30 months.

Funder News

AxiaFunder raising expansion capital

AxiaFunder, the UK-based crowdfunding litigation funder, is looking to raise £150,000 – £300,000 of bridge and expansion equity capital to fund its business to breakeven, which is expected to occur by Q2 2022, and CEO Cormac Leech reports that the company has already raised approximately 65% of the targeted investment after one day.

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