Portfolio
2
companies
Algbra
Algbra provides sustainable and values-focused digital finance for unbanked and minority communities.
Luxury Promise
Luxury Promise runs a live shopping and e-commerce platform for pre-owned luxury items.
Lena Tan
Senior Executive
The London-based pre-owned luxury platform has secured backing from Beringea alongside prominent retail executives.
"Luxury Promise is on a mission to disrupt the luxury resale market through our community-first approach to live shopping. This raise enables us to build upon our rapid growth, roll out our live streaming platform on a wider international scale as well as scale our operations and tech integrations to fortify our presence as a leading global player in luxury resale"
The funding round was backed by SFC Capital, British Business Investments, and New World Group to support financial inclusion.
"We are the first Fintech to take a fully values-based approach to serving communities with a truly systemic approach to financial inclusion. Moreover, we are committed to engaging, educating and empowering minorities to close the wealth and social gaps that exist. There are 1.3 billion addressable people on the planet who remain unbanked. If we want to emerge from the Covid-19 pandemic to a better version of our world, we cannot do that without ensuring that everyone can participate in today’s financial system and therefore be included in modern society."
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