Assetz Exchange, a UK-based property crowdfunding platform, is nearing £450,000 in funding through its equity crowdfunding campaign on Seedrs. The campaign was launched earlier this summer, originally seeking £350,000. The crowdfunding portal is offering 4.83% in equity at a £6,902,276 pre-money valuation.
“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 currently offers fractional property investment opportunities through a crowdfunding model with optional ISA tax advantages. The platform 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 at the end of September.
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