Wealth Migrate, the tenth-largest global real estate crowdfunding platform as reported by research firm Massolution, today announced that it has raised $3.99 million (USD) in a seed round of funding from real estate, technology and other investors.
The funds raised will help Wealth Migrate to expand its reach into key global markets, enhance its robust online investment platform and retain top-tier talent from around the world. Based in South Africa, with offices in Shanghai, Singapore, the U.S., the U.K. and Australia, Wealth Migrate is uniquely positioned to expand access to wealth-creating assets for investors globally with investment minimums as low as $10,000 (USD).
Scott Picken, founder and CEO of Wealth Migrate, shared:
“As the global markets remain turbulent, investors are turning to real estate assets in stable markets that provide consistent income streams. This capital investment in our platform enables us to meet demand for investor access to the best opportunities and partners in major markets around the world.”
Wealth Migrate revolutionizes a previously opaque, conservative industry through cutting-edge technology to achieve efficiencies of scale, provide transparency in transactions and serve as a single hub for real estate investors to manage their portfolios. Its approach attracted investors from around the world to support the growth of its platform.
Hilda Lunderstedt, CEO and founder of Lunderstedt Group of Companies, revealed:
“As an investor, the three things you look for in a company are people, product and process. Wealth Migrate ticked all the boxes, and I believe they will make a huge impact on the real estate industry through helping others invest in real estate globally, rendering opportunities for those who otherwise might not have the opportunity to do so.”
With real estate crowdfunding expected to top $2.5 billion this year, many platforms are emerging to match potential investors with their dream deals. In a burgeoning new industry, however, trust in the company’s management and an established track record of success has proven to be the major attraction for partners and investors alike.
Investor Clive Miller added:
“The reason I invest in Wealth Migrate is a function of the trust and confidence I have gained investing for over 10 years with Scott Picken, a person with great energy and vision. Wealth Migrate works with quality overseas partners who are leaders in their field, and consistently acquires attractive property developments, both commercial and residential, for sale to investors.”
Having recently opened an office in Shanghai, China, and developed a Mandarin version of its cutting-edge platform, Wealth Migrate continues to expand its footprint around the world to offer vetted properties and support global investors looking for a stable asset class in a volatile global financial market.
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