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A start-up that hopes to turn the investment banking business of securities loans into an everyday activity has raised $12m (£9m) from investors.
Sharegain, a start-up based in Israel and London, hopes to make securities lending, a practice common among big banks for betting against companies by “shorting” them, easier for ordinary savers.
The start-up’s new funding comes from investors Blumberg Capital, Target Global, Maverick Ventures Israel and Rhodium, adding $5m to its current cash pile.