Litigation funding platform AxiaFunder, formerly an appointed representative (AR) of ShareIn, has been granted direct authorisation on 10th January 2023 by the Financial Conduct Authority (FCA).
AxiaFunder, which offers investors direct access to pre-vetted commercial litigation investment opportunities, became an AR of ShareIn in 2018. With ShareIn acting as regulatory Principal, as well as providing AxiaFunder with direct investment platform technology, the AxiaFunder business has grown and raised a total of over £4.7m for 15 commercial cases and several separate portfolios of Housing Disrepair and Undisclosed Commission claims, with no losses to date.
“We’re so proud to see AxiaFunder move from being an AR to gaining direct authorisation,” said ShareIn CEO Jude Cook. “The team at AxiaFunder should be very proud of what they have achieved so far. They’ve gone from strength to strength in a challenging economic and regulatory environment. After being our AR since launch, it’s gratifying to see them become directly authorised. We’re really excited to be with AxiaFunder on the next chapter by providing their technology platform and handling their client money.”