Nous Global Markets
Please note: Nous Global Markets is no longer trading
In December 2015, Nous Global Markets hit 143% of its target, raising a total of £500,018 to introduce real-money, real-market trading into its app, Spark Profit.
Nous Global Markets created Spark Profit as a fun way to engage and educate young, potential traders, fostering both a love of investing and an understanding of possible pitfalls. The app has found a hugely underserved market of young smartphone natives, who want financial market access, but do not have the capital or background knowledge required to participate through existing platforms.
Money was raised through SyndicateRoom to enable Nous Global Markets to apply for an Isle of Man Gambling License, allowing app users to bet on the financial markets with real money, which would provide further revenue for the company. With trading available from as little as 10p, built-in protections to limit customer losses (including the guarantee that they can never lose more than was wagered), and returns of up to 2,000%, Spark Profit is intended to open the financial markets to keen new traders.
Where are they now?
Nous Global Markets entered administration in August 2020.