'ShareCrazy secures £40,000 funding'
NEW MEDIA AGE MAZAGINE - 12/06/03

Share trading site ShareCrazy has raised new funding which it hopes should be enough for it to become cash flow positive. The company has secured £40,000 from Sussex Enterprise, with half being given immediately and the rest in three months' time. The financing comes after an £85,000 funding round the firm put together through its pool of users last year. Founder Alan Green said the plan has been to raise at least £100,000 for it to reach cash positivity by the end of the year, adding,
"We're on target to reach that."

The firm launched a share dealing service on its site in November last year. It has a content deal with Yahoo! Finance for the latter's UK site and also offers financial advice through City stockbrokers Hoodless Brennan & Partners.

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