Is there a way for me to verify this? Iāve heard that explanation several times but Iām still very skepticalā¦ How come they canāt just provide the normal FSCS guarantees?
They donāt have a banking license yet
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You can read their regulatory submissions here, and this is reflected over on the LSE.
I donāt really know how you confirm more than that. You can find more details in the terms and conditions in the app when applying for a bond.
Dozens do not yet have their full banking license, which is why theyāre going the trust route for this initial batch of bonds.
Thanks for sharing those links, thatās really helpful!
Fixed Income 
:
I just got invite and interested in bidding.
I havenāt read whole thread, any pointers for successful bidding?
Can one make bids for multiple amounts?
All Iād recommend is bid early in each month and bid tactically (especially as user numbers grow the successful bid amounts will tend towards Ā£100 per saver) given the rules of the bid process:
Also, we want to ensure this Ā£100k worth of a 5% p.a. fixed interest and the accompanying protection, can be enjoyed by as many people as possible. So, at the end of the booking period we will rank subscriptions starting with the smallest value being given highest priority. As subscription sizes increase, they will be placed further down the priority list, finishing with the largest value subscription being lowest priority. For two or more bids of the same value, the bids that came in earliest will be higher priority.
Any subscriptions past the priority cut off point of that issuance will be unsuccessful. The success, or not, of your application in any previous programme does not have any bearing on future applications.
So what this effectively means is that for each issuance, we donāt set the maximum amounts, our customers do, i.e. for a Ā£100,000 issuance, if you subscribed for the full Ā£100,000 and there was no other subscriptions, your bid would be successful.
You can only bid once per month. You joined at a good time as March will be a big one:
The next month is our bumper ISA issuance of Ā£1m+, and will be open for bidding tomorrow - Friday 1 March. Closing date will be Monday 25 March.
Does anyone have an invitation code for a Freetrade friend?
Yes, do you want it?
Sorry - meant for dozens*
Its not like queue bump but they send you one through email.
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NEX listing here
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Interesting to see the two directors whoāre presumably backing Dozens listed here:
They both work for the Hong Kong based STI Group which -
STI Financial Group is an investment group that provides bespoke capital solutions spanning across the entire capital structure tailored to various business objectives and specific requirements. We focus primarily on the fragmented middle market companies in Asia. We also manage several open and close end funds with systematic, alpha driven trading and investment strategies. STI Asset Management Limited under the group is licensed to carry out Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities under Hong Kongās Securities and Futures Ordinance.
https://www.linkedin.com/in/cyruswen/
https://www.linkedin.com/in/clement-tung-1b994b53/
Together they have 63.38% of the Dozens voting rights.
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This is a good thing right?
25M for institutional investors and 20M for the crowd now (punchy but welcome development):
I would argue that risk started on day one when I sold 65% of an idea for $5m more than a year ago - with no team, no product, no users (instant effective valuation of $8m). Should I have worried about a down round at that point, effectively risking the wiping out of the equity for my colleagues and me? Or were we better off accepting the challenge, working our socks off and ensuring the next round was bigger and larger than our projections? Think this one is now blowing in the wind.
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Big decision!
am happy to drop the pre-money valuation to Ā£20m .
Given the institutional interest secured already at Ā£25m, hope you understand the dilutive impact and therefore seriousness of this decision.
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Crowdfunding opens tomorrow at 11am for those that have pre registered 
Anyone going to invest? Whatās your reasoning for doing so or not?