Quote Originally Posted by unhuman View Post
Not really comparable as the majority of Squirrels valuation is on the mortgage business.
Agree - $20m valuation for mortgage business, $3m valuation for technology platform of P2P business. Both have different growth profiles and I imagine in a few years, they could be even, if they get their P2P right.

interestingly a NZX listing needs a market cap of >$40m and a decent spread of shareholders. Crowdfunding gives them a good spread and with a $23m pre valuation and a $5m raise, they aren't that far of the needed market cap, especially if they do a small raise as part of the IPO. As such, it has a potential liquidity event in about 12m which is beneficial compared to some of the earlier stage investments (where they could be very successful but you have no way to access your paper profits).