British fintech star PrimaryBid clinches $50m funding from blue-chip backers

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The London Stock Exchange and OMERS Ventures will be confirmed as shareholders in PrimaryBid this week, Sky News learns.

Sky News revealed the LSE's likely participation in the funding round in June.

PrimaryBid has also been involved in smaller capital-raisings for dozens of companies, including the online grocer Ocado and SSP Group, the transport food concessions operator behind the Ritazza brand. It was signed by the likes of Anne Richards, Fidelity International's chief executive, and Peter Hargreaves, a co-founder of the retail investment platform Hargreaves Lansdown.

In addition to conventional corporate fundraisings, the fintech has broadened its transactional services to include a so-called 'chairman's list', which it ran to enable access to the initial public offering of The Hut Group's parent company.

 

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