Investing in privately held companies involves substantial risk and illiquidity. Capital is at risk. Share availability is not guaranteed.
Principal risks
Loss of capital
The full amount invested may be lost. Private companies can fail, and a shareholding may become worthless.
Illiquidity
Private-company shares are not traded on a public exchange. There may be no buyer available when an investor wishes to sell, and secondary shares may be difficult or impossible to resell.
Limited financial information
Private companies are not subject to the periodic public reporting obligations that apply to listed companies. The information available to an investor may be limited, dated or incomplete.
Valuation uncertainty
Valuations of private companies are infrequent, negotiated and may not reflect the amount realisable on a sale. A price agreed in one transaction does not establish a market value.
Transfer restrictions
Company articles, shareholder agreements and applicable law may restrict transfers, require company consent, or grant existing shareholders rights of first refusal.
Long investment horizons
Capital may remain committed for an extended and undefined period. The timing of any exit is not within an investor's control.
Company-specific risks
Competition, execution, funding conditions, management decisions and market factors may materially affect a company's prospects and the value of its shares.
Regulatory risk
Financial technology companies operate in regulated sectors. Changes in regulation, licensing requirements or supervisory expectations may affect their operations and value.
No guarantee of a future listing
There is no guarantee that any company referenced on this website will complete a public listing, at any time or at any valuation.
No guarantee of an exit
There is no guarantee of an acquisition, buy-back, distribution or any other liquidity event.
Dilution and structure
Subsequent financing rounds may dilute an existing holding. Where an interest is held indirectly, the rights attaching to it may differ materially from those of a direct shareholder.
Important statements
Past performance, historical valuations and previous financing rounds are not indicators of future performance.
Investors should obtain independent financial, legal and tax advice where appropriate.
Nothing on this website constitutes personal investment advice, a recommendation, or an offer or solicitation to buy or sell any security. All potential transactions remain subject to availability, eligibility, jurisdiction, documentation and applicable laws and regulations.
Contact
Private Fintech Markets
29 Bd Prince Henri
1724 Ville-Haute
Luxembourg