Propio, a UK-based property investment platform, is set to close its equity crowdfunding campaign on Crowdcube with more than £350,000 from nearly 465 investors. 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.
“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 also reported that its 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 platform’s community has invested more than £8.5 million, with the platform being ranked in the top 10 investment companies on Trustpilot, have been all over the press & have delivered average returns of 6.5% to investors.
Funds from the Crowdcube round will be used to continue the growth and expansion of the Propio platform. The campaign is set to close later this evening.
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