Less than a week after launching its equity crowdfunding campaign on Seedrs, Assetz Exchange, a UK-based property crowdfunding platform, has successfully secured its initial £350,000 funding target. The funding round has attracted more than 150 investors. As previously reported, Assetz Exchange describes itself as a revolutionary new crowdfunding property investment platform. This is the buy-to-let you know, without the barriers.
“Assetz Exchange has been established to offer retail investors a way to more efficiently invest and trade in residential buy-to-let property and housebuilding projects for both income and capital growth. The business has an experienced team with a 17-year pedigree in the buy-to-let property industry through its association to Assetz Property and its 140,000 registered property investors.”
Assetz Exchange offers fractional property investment opportunities through a crowdfunding model with optional ISA tax advantages. The platform also enables investors to create a customized and diversified property portfolio in minutes made up of different types of properties across the UK, including Buy-to-Let and developments.
“The business has FCA permissions as a Peer-to-Peer lender, which the directors believe is a simpler and more tax efficient alternative to the existing equity models used by other property platforms. Assetz Capital, the highly successful Peer-to-Peer business lender, is also a shareholder in AE.”
- Further optimizing and development of the website
- Further development of the property and client money back-office accounting systems
- Hiring further team members
- Further legal and professional costs
- Working capital
- Launch marketing and PR
The campaign is set to close later this fall.
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