Assetz Exchange, a UK-based property crowdfunding platform, has closed its equity crowdfunding on Seedrs with a total of £750,367 raised. The funding round launched earlier this summer and quickly raised its initial £350,000 funding target. Assetz Exchanged offered 4.83% in equity at a £6,902,276 pre-money valuation.
As previously reported, Assetz Exchange describes itself to be a revolutionary new crowdfunding property investment platform. The platform noted it 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.”
The property platform further explained that it offers fractional property investment opportunities through a crowdfunding model with optional ISA tax advantages. Assetz Exchange also noted that it 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.
Funds from the Seedrs round will go towards the following:
- 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
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