Trouble in GLI’s Fintech Ventures Portfolio

GLI Finance has shared that one of their fintech investments as part of their Fintech Ventures portfolio is at risk of becoming insolvent and they have subsequently written off the value of the investment to zero; while they didn’t name the specific platform, their current portfolio includes Finexkap, Funding Options, LiftForward, The Credit Junction, Trade River UK, Torca, Open Energy Group, Trade River USA, MyTripleA, Finpoint and Ovamba; the platform in question is also in talks to potentially bring in additional investment; GLI’s lending division Sancus BMS is still performing well according to GLI’s update. Source