They’re late on everything. Unable to raise although crowdfunding is in a boom phase at the moment and especially in this sector. The team have no or very little experience in the space but pretend otherwise. When the CEO founder with legal background argues that helping with property legal paperwork qualifies as financial markets experience, you can quickly understand they don’t know what they talk about. They were backed by dumb money that no longer wants to top up to continue the journey to nowhere. Smart money won’t touch them and they have been incapable of choosing the right NED(s) to guide them.
I offered to help with contacts and the CEO, instead or direct messaging me, asked me directly and publicly in the Seedrs forum which looked so desperate. Then, I did my own research and found out that, roughly at the beginning of their journey, they had passed on the best FinTech NED in London. Now, they seem to have contracted the wrong one and/or probably too late as they are having trouble to find a lead investor and they are not changing NED so not learning from their mistakes…