Wealth Migrate, a UK-based real estate crowdfunding platform, is now nearing £1.35 million through its equity crowdfunding campaign on Seedrs. The funding round, which has attracted more than 400 investors, was launched in November and quickly secured its initial £750,000 funding target.
As previously reported, Wealth Migrate describes itself as a leading Fintech real estate investment platform that makes investing in high yield, institutional quality, first world real estate accessible, safe and affordable for anyone online. They can earn US dollar-based income AND capital growth. The company noted that it does this by leveraging big data technology, global teams on the ground, and the social power of collective buying through crowdfunding.
“We enable investors to access yields of 7-12% in the US, UK, & Australia. Our global property marketplace allows local & international investors to invest as little as $1k in property opportunities without any of the hassle, management issues, foreign bank accounts & complex tax structures. We achieve this by partnering with developers, asset managers, & property investment trusts (REIT’s) to supply a curated inventory of property assets.”
Funds from the Seedrs round will be used for the following:
- CAPEX – Investment in the Platform & IT: 40%
- Digital products, Branding & Marketing: 20%
- Human capacity & OPEX: 20%
- Deal origination & Marketplace Roll-out: 20%
Wealth Migrate then added:
“In simple terms we have been under the radar proving the model, with limited property partners & now we are really building the team & technology to scalable rapidly.”
The funding round is set to close in January.
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