Crowdcube has rapidly expanded its secondary transaction business under the UK’s new PISCES framework, nearing £100 million in total volume after managing two high-profile employee share sales. In July 2026, the platform served as exclusive sell-side provider for Wayve’s $85 million employee tender, giving early shareholders liquidity in the autonomous driving firm valued at $8.6 billion. Days later, Crowdcube announced it is handling a £45 million secondary sale for wealthtech Moneybox, which saw its valuation rise 45% since 2024 to £800 million (~$1.1 billion).
Both deals were executed in collaboration with the London Stock Exchange’s Private Securities Market under the Private Intermittent Securities and Capital Exchange System (PISCES), designed to improve private market access. Crowdcube co-CEO Bill Simmons emphasized that their “regulatory stack” and proprietary employee liquidity software are purpose-built for such transactions. The Moneybox sale is permissioned, with the company controlling investor access, and marks the first fintech to use PISCES for employee liquidity. Since inception, Crowdcube has seen £1.5 billion invested on its platform and manages over £1.3 billion in securities with 450,000+ investors. The platform now reports a “massive increase” in firms seeking secondary liquidity, as companies stay private longer and early shareholders need exit options.
