Propio, a UK-based property investment platform, has successfully secured its initial £300,000 funding target through its equity crowdfunding campaign on Crowdcube. The funding round has so far attracted more than 325 investors since launching last month.
As previously reported, Propio describes itself as the home of the Property ISA. Its platform notably combines decades of property expertise with data and tech to engineer stable, property-backed, ISA-eligible investments that aren’t exposed to the usual fluctuations of the property market. The company reported:
“Property investing traditionally requires a significant amount of money, time and knowledge. But we’re on a mission to change all that. We’ve come up with an easier way for everyday people to access property investments. One that works for a new generation of investors but also helps build more much-needed homes in the UK.”
Propio’s community has also invested more than £8.5 million. The platform is also ranked in the top 10 investment companies on Trustpilot, have been all over the press & have delivered average returns of 6.5% to investors. The company added:
“Our goal is to become the UK’s biggest property-based ISA; making the experience of investing as straightforward as online shopping, bringing the old-school property finance industry into the digital age.”
The funding round is set to close mid-April.
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