92. OFF3R

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  • Megan Dunsby

Founders: Lex Deak and James Mackonochie
Founded: June 2015 (launched November 2015)
Website: www.off3r.com 

As founder of UK private investment network QVentures, which has raised over £50m for 30 companies, Lex Deak was keen to keep track of developments in the alternative finance industry but found there “was a lack of a compelling offerings” to compare products.

On the back of his personal frustrations, Deak, with the help of ex-Deloitte executive James Mackonochie, set about creating a solution to make sense of “what was becoming a fragmented and noisy space”.

Their solution is OFF3R, an investment comparison site which aggregates over 40 of the leading equity crowdfunding, peer-to-peer (P2P), and property platforms for over 8,000 investors.

Platforms using the service include Nutmeg, Zopa, Octopus and Crowdcube, to name a few, and OFF3R receives a referral commission from these partners.

Since launch 18 months ago, the business has expanded its team to eight and has raised over £1m from angel investors to support development, with a Series A funding round currently in the works.

Up next, the start-up intends to expand “into the broader universe of traditional investments” and also plans to implement artificial technology to help guide investors to their best fit investment across any investment type.

Passionate about helping small and medium firms unlock more routes to raising finance to grow their businesses, Deak has set its sights high for the future of OFF3R.

He tell us that he would like to see “OFF3R become the definitive investment comparison site in Europe and the first port of call for investors” Time will tell so keep this early-stage business on your radar!

Megan Dunsby

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