We’re pleased to announce that Indemo, the European asset-backed investment platform, has officially closed its 2024 equity funding round. Raised in a series of tranches over the span of the year, the business secured €556,000 at a €7.5M pre-money valuation.
The round was funded by a mix of new and existing private investors from Ireland, Canada, Lithuania and Latvia, primarily from the financial services, marketing and media sectors.
Indemo has enjoyed a successful rollout in Europe on the back of the cross border services passporting under EU regulations. The latest raise will keep this momentum going - helping support high growth marketing strategies across 29 EU/EEA member states, along with a roadmap of new platform features and investment product offerings.
There are a number of major new initiatives and platform enhancements on the horizon for Indemo, including the launch of the eagerly anticipated secondary market feature. This groundbreaking new exchange will allow mortgage debts to be traded between ordinary retail investors for the first time ever.
The company will also expand its range of asset-backed investment products with the launch of Bank-Type Mortgage Loan Investments. This product will provide additional opportunities for investors who prefer regular income to participate in the Spanish real estate market - furthering the platform’s goal of democratising investment for all.
Indemo’s CEO and Co-Founder Sergejs Viskovkis has a confident outlook on the future of the business, saying:
Sergejs Viskovkis, CEO and Co-Founder of Indemo
We’re excited to welcome our new equity investors, who share our vision of investment democracy, believe in our customer base, and trust our roadmap. This new funding injection will provide us with the capital we need to take operations, growth, and engineering to the next level.
We also know that the Indemo community is curious about opportunities to purchase equity in Indemo, so we may consider a limited crowd offering in 2025.
About Indemo
Founded in 2021 by a passionate and experienced team of ex-bankers, Indemo aims to democratise investment by providing the public with investment products usually reserved for high-net-worth individuals and institutions.
Licensed as an investment firm by the Central Bank of Latvia in 2022, Indemo has since attracted thousands of European users to the platform, and is currently managing over €5.5 million in assets.
Named as one of the top 10 startups to watch in 2024 by EuStartups.com, it looks like Indemo has a promising future ahead of it, with plenty of exciting news and updates to come.
Indemo SIA — (registration no. 40203401432, legal address: Skanstes iela 50, Rīga, LV-1013, Latvia) is an investment firm licensed and supervised by Latvijas Banka (Central Bank of Latvia). License number 06.06.08.824/547.
Indemo SIA is a member of the national investor compensation scheme established under EU Directive 97/9/EC. The scheme protects investors by providing compensation if Indemo SIA fails to return financial instruments or cash to investors. The compensation is limited to the outstanding liabilities, up to €20 000.
1 Indemo authorized and approved to operate in 29 EU Member States: Germany (Bundesanstalt für Finanzdienstleistungsaufsicht), Spain (Comisión Nacional del Mercado de Valores), Portugal (Comissão do Mercado de Valores Mobiliários), France (L’Autorité des marchés financiers), Lithuania (Lietuvos centrinis bankas), Austria (Austrian Financial Market Authority), Malta (Malta Financial Services Authority (MSFA)), Netherlands (De Nederlandsche Bank (DNB)), Iceland (Central Bank of Iceland Seðlabanki Íslands), Sweden (Finansinspektionen (FI)), Italy (Commissione Nazionale per le Società e la Borsa), Ireland (Banc Ceannais na hÉireann (Central Bank of Ireland)), Luxembourg (Commission de Surveillance du Secteur Financier), Romania (Autoritatea de Supraveghere Financiară (ASF)), Norway (Finanstilsynet), Hungary (Magyar Nemzeti Bank (MNB)), Greece (The Hellenic Capital Market Commission (HCMC)), Slovenia (Agencija za trg vrednostnih papirjev), Slovakia (Národná banka Slovenska), Cyprus (Cyprus Securities and Exchange Commission), Czech Republic (Česká národní banka), Finland (Finanssivalvonta FIN-SVA), Belgium (Autoriteit voor Financiële Diensten en Markten), Estonia (Estonian Financial Supervision and Resolution Authority), Latvia (Latvijas Banka), Liechtenstein (Finanzmarktaufsicht Liechtenstein (FMA)), Denmark (Finanstilsynet), Croatia (Hrvatska agencija za nadzor financijskih usluga).
3 15.1% is expected annual return rate based on the moderate scenario for Discounted Debt Investment products, when 90% of the outstanding mortgage debt is settled within 18 months of the investment date (for more info, please see KID available in the Legal Documents section).
Investing in financial instruments involves risk, and there’s no guarantee that investors will get back invested capital. Moreover, past performance does not guarantee future returns.
