Cardiff-based ShareProperty is the latest UK real estate crowdfunding platform to launch following successful fundraising on Seedrs – giving people easy access to the highest quality investment opportunities.
ShareProperty is Wales’ first FinTech crowdfunding platform, using technology to offer fractional ownership in residential property. The platform launches shortly after 155 investors came on board to hit the company’s funding target of £80k within just a few days.
ShareProperty is looking to simplify property investment and cut the public in on lucrative real estate projects. The portal adopts rigorous pre-screening due diligence in its careful curation of suitable investment opportunities, sifting out some 90% of unsuitable deals, and ensuring investors get the best available on the market.
George Grigg, Co-Founder says: “Today’s technology enables us to break down the barriers to property investment, and expand opportunities with increasing efficiency, spreading the benefits across society. ShareProperty members can build a property investment portfolio from an investment of as little as £100. The platform delivers regular dividends and capital growth either on disposal or refinancing of the asset. ShareProperty enables a sophisticated, end-to-end investment, research, and management system for the property investment market in every living room in the country.”
ShareProperty provides an additional funding option to banks and building societies, with FinTech set to grow in popularity over the coming years. The portal will initially focus on the South West and Wales, and already has over 50 property developers on its books. ShareProperty remains committed to providing an alternative and efficient form of capital to landlords and developers, welcoming applications at https://app.shareproperty.co.uk/signup.
FinTech in Wales is in rude health, as Eric Van Der Kleij, Chairman of UKTI’s GEP Advisory Group and the first CEO of the Tech City initiative recently identified: “I think Cardiff and its surrounding areas are well positioned to become a national FinTech leader.”
ShareProperty was awarded a Digital Development Fund grant of £35,000 from Welsh Government to help fund their start-up phase in 2015. Welsh Government backing for the sector includes the creation of Cardiff Central Enterprise Zone, one of eight throughout the country, the Wales Technology Seed Fund for technology start-ups, and this year’s launch of Innovation Point, set up to make transformative tech ideas easier to find and fund.
David Rees, Co-Founder said: “These are extremely exciting times for ShareProperty and the property technology and alternative finance sectors in Wales. We can look forward with great optimism to the transition of the real estate market from fragmentation to consolidation and efficiency through platforms such as ShareProperty. On a personal note, I would like to thank the Welsh Government for all their continued support.”