CrowdProperty

CrowdProperty launches Seedrs funding round



Peer-to-peer lender CrowdProperty has announced the launch of a pre-series A equity funding round on Seedrs.

CrowdProperty was looking for £600,001, but has been able to secure £777,673 for 11.62% equity as of Friday 24th November.

The lender intends to use the funding to invest in new talent, technology development and marketing.

CrowdProperty launched in 2013 and facilitates development finance loans between private individuals and UK professional property businesses.

The platform has over 6,000 registered users and claims to have access to the largest property network in the UK, the Property Investors Network (PIN).

Simon Zutshi, CEO at CrowdProperty (pictured above), said: “I am delighted that we have now proven this model of helping successful property developers fund their projects and reliably delivering secured returns to lenders.

“All of the recent project launches have been quickly funded by our eager and loyal base of lenders, which clearly demonstrates the traction we have built in our brand.

“Over the last year, we have focused on our platform technology and processes and now we are ready to scale this business to its full potential.

“This will not only benefit our lenders, but also help and support SME developers, who often struggle to raise funds from hesitant banks to access the essential funding they need to help address the UK housing crisis.”

The platform recently secured full FCA authorisation and surpassed £10m in lending.

CrowdProperty’s latest deals included the funding of £910,000 in 41 minutes and £490,000 in 17 minutes for two projects.


 


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