Stratiphy

<p><span style="font-size:28pt"><span style='font-family:"Times New Roman",serif'>Stratiphy — Crowdfunding Investor Memo</span></span></p>
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><em>Stratiphy runs an app and a business API that build, test and automatically manage personalised investment portfolios for everyday investors and financial firms in the UK.</em></span></span></p>
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong>Sector: </strong>Fintech / wealth management technology · <strong>Stage: </strong>Seed · <strong>HQ: </strong>London, United Kingdom · <strong>Raise: </strong>£300,011 target (≈ €347,034); £311,986 raised from 90 investors at review (103%); closes 02/10/2026</span></span></p>
<h1><span style="font-size:16pt"><span style='font-family:"Times New Roman",serif'><span style="color:#2e74b5">Snapshot</span></span></span></h1>
<table cellspacing="0" class="Table" style="border-collapse:collapse; border-color:currentcolor; border-image:none; border-style:none; border-width:medium">
<tbody>
<tr>
<td style="background-color:#f4f2ec; border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; vertical-align:top; width:173px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">1 · Is the price fair? 💶</span></strong></span></span></p>
</td>
<td style="background-color:#faeeda; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; vertical-align:top; width:451px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">3 / 5 — stretched but arguable. </span></strong><span style="color:black">The £7.1m price is roughly level with the £7m reported for the company’s previous crowdfunding round on Crowdcube about eight months earlier (Finextra, Nov 2025), but it is a high multiple of today’s revenue (~59x the current ~£10k-a-month annualised) and ~1.6x the £4.5m of customer assets it manages. Few outside price points exist for this sector and stage — see the valuation detail section.</span></span></span></p>
</td>
</tr>
<tr>
<td style="background-color:#f4f2ec; border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top; width:173px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">2 · Can they reach an exit stage? ⭐</span></strong></span></span></p>
</td>
<td style="background-color:#faeeda; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:451px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">AI SCORE 74 / 100 — Good. </span></strong><span style="color:black">Strongest evidenced precondition: hard-to-get regulatory permissions, publicly verified — FCA authorisation to manage retail investments (since April 2024) plus HMRC ISA/IFISA manager status, currently making it the only UK platform offering crypto investment notes inside a tax-free ISA wrapper. Biggest gap the evidence shows: revenue is still small (~£10k a month) in a crowded field of much larger, better-funded competitors.</span></span></span></p>
</td>
</tr>
<tr>
<td style="background-color:#f4f2ec; border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top; width:173px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">3 · If they do, what could it pay? 🎯</span></strong></span></span></p>
</td>
<td style="background-color:#f0f4f8; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:451px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">Target 10x over 5–7 years </span></strong><span style="color:black">(the standard expectation for seed-stage investing — the company did not state its own target). If that stage is reached, illustratively <strong>5x–10x before fees</strong>. Method: on the disclosed £7.4m post-round value, a 10x outcome needs the company to be worth about £74m at sale; company sale values between roughly £37m and £74m would pay 5x–10x. The one recorded UK exit in this sector — Nutmeg, bought by JPMorgan Chase for a reported ~£700m in 2021 — sits far above that level, so the required size is within the range of recorded exits in this sector. These figures do not include dilution from future fundraising rounds, which would reduce actual returns — see the dilution section.</span></span></span></p>
</td>
</tr>
</tbody>
</table>
<p> </p>
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong>How to read the score</strong></span></span></p>
<table cellspacing="0" class="Table" style="border-collapse:collapse; border-color:currentcolor; border-image:none; border-style:none; border-width:medium">
<tbody>
<tr>
<td style="background-color:#d9ebc2; border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; vertical-align:top; width:153px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">85–100 · Excellent</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; vertical-align:top; width:471px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>All key preconditions for reaching an exit stage are evidenced and strong — rare at this stage</span></span></p>
</td>
</tr>
<tr>
<td style="background-color:#faeeda; border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top; width:153px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">70–84 · Good</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:471px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Preconditions largely in place, with specific gaps — named in the questions section</span></span></p>
</td>
</tr>
<tr>
<td style="background-color:#faece7; border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top; width:153px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">50–69 · Average</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:471px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Meaningful preconditions missing or weakly evidenced</span></span></p>
</td>
</tr>
<tr>
<td style="background-color:#fcebeb; border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top; width:153px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">30–49 · Weak</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:471px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Several core preconditions absent, or the evidence points against them</span></span></p>
</td>
</tr>
<tr>
<td style="background-color:#fcebeb; border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top; width:153px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">1–29 · Critical</span></strong></span></span></p>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:471px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Fundamental preconditions are not visible in the evidence</span></span></p>
</td>
</tr>
</tbody>
</table>
<p> </p>
<table cellspacing="0" class="Table" style="border-collapse:collapse; border-color:currentcolor; border-image:none; border-style:none; border-width:medium">
<tbody>
<tr>
<td style="background-color:#f0f4f8; border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; vertical-align:top; width:624px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">What we could check. </span></strong><span style="color:black">We verified the company’s regulatory approvals (FCA authorisation, HMRC ISA/IFISA manager status), its prior fundraises, the WisdomTree and 21shares partnerships, the ~£1m Innovate UK research grant and university publication, and the founder’s previous company against public sources. The assets, revenue, user numbers and investment-performance figures rest on the company’s own materials — as does the cap table, cash position and option-pool information, which was not in the pack we reviewed; see the questions section.</span></span></span></p>
</td>
</tr>
</tbody>
</table>
<p> </p>
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong>Three answers, one honest note. </strong>The fairness score says whether the entry price is supported by the benchmarks we could find. The AI Score is our read on whether the preconditions for reaching a company sale or similar event are visible in the disclosed evidence — it is not a probability of success, and even companies with every precondition in place fail more often than they succeed, which is why crowdfunding only works as a small part of a diversified portfolio. The returns range is an illustration built from named benchmarks, not a forecast. Where something was not in the pack we reviewed, it did not lower any score — it appears in the questions list instead, so you can ask the company directly before investing. The listing was reviewed by Republic Europe, a licensed crowdfunding platform, before going live. Nothing in this memo is a recommendation.</span></span></p>
<h1><span style="font-size:16pt"><span style='font-family:"Times New Roman",serif'><span style="color:#2e74b5">At a glance</span></span></span></h1>
<table cellspacing="0" class="Table" style="border-collapse:collapse; border-color:currentcolor; border-image:none; border-style:none; border-width:medium">
<tbody>
<tr>
<td style="background-color:#f4f2ec; border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; vertical-align:top; width:312px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">✅ Three reasons to look closer</span></strong></span></span></p>
</td>
<td style="background-color:#f4f2ec; border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:1px solid black; vertical-align:top; width:312px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">⚠️ Three reasons for caution</span></strong></span></span></p>
</td>
</tr>
<tr>
<td style="border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:none; vertical-align:top; width:312px">
<ul>
<li><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Publicly verified, hard-to-get permissions: FCA authorisation to manage retail investments (since April 2024) and HMRC ISA/IFISA manager status — with press (citing the Financial Times, April 2026) reporting it is currently the only UK platform offering crypto investment notes inside a tax-free ISA.</span></span></li>
<li><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Real early commercial traction: the company reports £4.5m of customer assets and ~£10k monthly revenue growing ~15% a month within ~11 months of launch; statutory losses narrowed (EBITDA −£375k in 2024 → −£262k in 2025 per the regulatory disclosure), and this round overfunded on day one.</span></span></li>
<li><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Technical depth on the public record: a ~£1m Innovate UK grant and a peer-reviewed machine-learning paper (ECAI-2025) co-authored by the founder with the Universities of Bristol and Birmingham.</span></span></li>
</ul>
</td>
<td style="border-bottom:1px solid black; border-left:none; border-right:1px solid black; border-top:none; vertical-align:top; width:312px">
<ul>
<li><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Price versus today’s revenue: £7.1m pre-money is ~59x current annualised revenue and ~1.6x customer assets, and is essentially unchanged from the £7m reported for the Crowdcube round ~8 months earlier (Finextra, Nov 2025).</span></span></li>
<li><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>Crowded, well-funded competition: established giants (Vanguard, Hargreaves Lansdown, Trading 212) and freshly funded challengers (Sidekick raised £7.8m in Feb 2026); JPMorgan absorbed Nutmeg; one trade outlet judged Stratiphy’s asset range narrower than rivals’ (Finextra, Nov 2025).</span></span></li>
<li><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'>The roadmap depends on more money: the regulatory disclosure itself says future fundraising is critical and new products need "substantial upfront capital"; the company also carries a £50,000 loan at 3.6% interest per month and a £69,150 founder loan convertible into shares at £0.25–£12.08 each (versus the £26.67 you pay), whose dilution effect cannot be computed from the pack.</span></span></li>
</ul>
</td>
</tr>
</tbody>
</table>
<p> </p>
<table cellspacing="0" class="Table" style="border-collapse:collapse; border-color:currentcolor; border-image:none; border-style:none; border-width:medium">
<tbody>
<tr>
<td style="background-color:#f4f2ec; border-bottom:1px solid black; border-left:1px solid black; border-right:1px solid black; border-top:1px solid black; vertical-align:top; width:624px">
<p><span style="font-size:10pt"><span style='font-family:"Times New Roman",serif'><strong><span style="color:black">Deal terms. </span></strong><span style="color:black">No terms were identified in the reviewed documents that would prevent a crowdfund investor from sharing in the upside. You buy the same class of ordinary shares as existing holders, with no other class holding a right to be paid out first. Full mechanics — dilution, exit and wind-down — are at the …</span></span></span></p></td></tr></tbody></table>