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Posted Tue, 06 Aug 2024 12:41:42 GMT by inov8uk
According to the guidelines for SEIS, EIS and VCT, (ITA07/S192(1)(c); ITA07/S303(1)(c) excludes banking, insurance, money-lending, debt-factoring, hire-purchase financing or other financial activities. In light of the above, how can a startup in the fintech space (acting as a tech solution intermediating loans between customers and institutional lenders) raise funding competitively through a tax incentivised scheme such as the ones above?
Posted Thu, 08 Aug 2024 16:25:00 GMT by HMRC Admin 25 Response
Hi inov8uk,
We can not comment on the restrictions imposed on EIS,SEIS and VCT schemes.
There may be an alternative here:
Investment schemes: detailed information
Thank you. 

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