So Trillion Fund has called it a day. The £600,000 Seedrs funded, Julia Groves backed, Efund never took off - it never even made it to the runway.
The fund started life as a P2P lender for the environmental sector. It switched to be a SAAS operator; which also proved a flop.
The claim is that the business is being sold. As there is little or nothing to sell, what this means is the business has folded; taking all of the Seedrs investors' cash with it. Vivienne Westwood owned 40% but then she can afford to throw it away.
One of their assets on sale is apparently the FCA license they have. Really?!! Can you really sell on FCA licenses?
Onward they cried.