The app is billed as a vital tool for the industry, Tendr was created to help new investors access the market, boost conversions and increase transparency. The lightweight iOS and Android app allows users to swipe through crowdfunding deals and save their favourites to explore later. When they wish to invest, the app redirects them to the relevant platform.
The app is the brainchild of Lex Deak, Founder of QVentures the global super angel investment club. Deak said: “The number of equity crowdfunding platforms is growing rapidly. With sites starting to specialise in key sectors or targeting a particular group of investors, it’s starting to become increasingly difficult for people to stay on top of the wealth of deals available. We wanted to make life simpler by bringing them all together on one application, enabling greater deal flow for the benefit of investors and entrepreneurs.
“The frictionless app simplifies what you need to know about each campaign into digestible content that quickly tells users whether the deal is one for them or not. There’s a huge potential to apply this process to other alternative investments, such as debt and property, driving further funding to the businesses of tomorrow, and we’re planning to role this out soon as part of Tendr.”
Tendr enables users to set alerts that will inform them when a campaign is due to end, or when a company is nearing its target. This makes it easier to come to a final decision before the round closes. Following its launch, investors will no longer have to jump between different platforms online to research new deals, but can check one application daily to stay in the know across multiple sites.
An open API allows different equity crowdfunding sites to sync up with Tendr and harness insights generated through the application. While the app has been designed for investors, it can be used by anyone to stay informed on the crowdfunding scene. Available in the UK, it will expand to Europe and beyond later this year.
Darren Westlake, CEO of Crowdcube, one of the first equity crowdfunding platforms to sign up to the service, added: “Tendr will open our platform up to a whole host of new investors and is a great value-add for our portfolio of deals. We’ll be able to see the types of content that drive the highest level of engagement to the Crowdcube site. These learnings will be invaluable in making our campaigns more successful.”
Campaigns from Crowdcube, Seedrs, Angel List (UK), Angels Den, Crowdfunder, Funding Tree and Investing Zone will all be available on the app at launch. Over the coming months, Tendr will become a comprehensive investment offering, incorporating additional filter settings such as peer-to-peer loans, invoice factoring and property. The app will be raising its own funding round shortly.
