An Active Summer 2020 — New Features, New Opportunities — CityFALCON Blog

We’re most of the way through the hottest part of the year (for our fellow northern hemispherians), and at CityFALCON we’ve been cooking up many new features and improvements for the platform.

Summary

A top-up funding round

Capital at risk — you may lose your entire investment.

In order to take advantage of the UK government’s Future Fund, we are running a top-up funding round. The scheme matches private investment pound-for-pound, so if we raise £300k from private investors, the UK government puts in £300k too. We must apply for the scheme, so receipt of matching funds is subject to approval of our application by the UK government.

The round will be lead by a successful serial entrepreneur who has had a c. £500m exit before and who is pledging £150k. We currently have eight months runway, and with the current pledge, Future Fund matching, revenue, and expected UK R&D reimbursements, we can expect a runway at least until 2022 (again, subject to approval and a successful top-up round).

Moreover, this is a convertible debt investment. If the company were to fail, the investors of this round would be debt-holders and therefore receive payouts from any distress sale of our tech and IP. On the other hand, if the company is valued very highly, the convertible debt holders can convert to equity to reap more upside than they could with non-converitble debt.

The terms of the convertible debt instrument are: 36 months to maturity, 8% interest, 100% premium if not converted, a 20% discount, and convertible at a “qualifying round” or at the vote of the debtholders. We are implementing a £10.5 valuation cap as well to prevent dilution in the event our valuation spikes later.

Visit our Invest page for more information. Since convertible debt is complicated, please see this Seedrs post explaining convertible debt in more detail. They also have a landing page discussing the Future Fund. Your capital is at risk. Even with the favourable terms and protection of debt, there is the possibility you could lose your entire investment.

New features

Prices, Charts, News on Charts for Cryptos, US Stocks

Prices, charts, and news for Apple
Prices, charts, and news for Bitcoin

Company Filings from LSE, SEC, More

You’ll find filings aggregated for your watchlist on the Filings tab. Try it out yourself on a FAANGM watchlist.

Filings for a watchlist of Top US and UK Companies

But you can also find them for a single entity on the individual company pages along with the stock price, charts, alternative data, and other information:

Filings and other content for Revolut

Finally, if you’d rather peruse all filings from a particular source, visit the Filings Directory page.

Expanding any filings “card” will show additional information, and clicking the More button will take you to a page containing structured information about the filing and a PDF of the filing itself:

Individual filings and associated information

As you may have noticed, there are two new tabs on the individual company pages: Info and Alternative Data. The info tab shows basic company information, like headquarters locations, sector, legal entities, and stock tickers.

The alternative data tab currently contains Trustpilot customer ratings, so you can judge customer satisfaction and engagement. This is especially useful when researching less prolific companies that may not have a lot of news, but it also serves as an additional vector to research an investment target, beyond the traditional methods of financial statement analysis and reading the news.

Test the feature yourself by viewing the Trustpilot rating for Revolut.

More publications, fewer paywalls

Now we count more than 1000 publishers among Premium publications for our users, including big industry names like The HuffPost, The Economist, The Guardian, and Xinhua News. Peruse a partial list of the included publishers.

Take advantage of easy access without subscriptions or advertisement clutter by becoming a Gold user.

Once a Gold user, turn on the Show Premium Content Only filter and never worry about paywalls or advertisements on your news again.

Filter by Premium content for a paywall-free experience

No credit cards required

Tip: if you aren’t already a Premium user (Gold or Silver), consider signing up using the promo code below — you have nothing to lose, and since you don’t need to enter a credit card, you won’t have to worry about an unexpected charge in case you don’t cancel.

Apple Sign In

Apple Sign In now available

New mobile app

Watchlist show news, filings, and alt data

Tutorial videos

For our mobile users, we also published a video that teaches you how to customise the mobile layout, fitting the flow of your financial content consumption experience. We also describe how Similar Stories are grouped and displayed on the mobile app.

Continue to fight the good fight

BEATCOVID19

You can see instructions on entering the code in this Knowledge Base article. No credit cards required now for trials and periods covered by 100% coupons, so you’ve got nothing to lose except 30 seconds of your day.

Awards for our $6k 6th Birthday Giveaway

Final Words

Originally published at https://www.cityfalcon.com on September 25, 2020.

#FinTech #Entrepreneur. Founder cityfalcon.com. Love Salsa, Bachata, Ping Pong