Global Wealth Group, which aims to make global property investing available to anyone, anywhere, from any amount, safer & simple, has raised 101% (£759,030) of its £750,000 target at the time of writing from 229 investors with 24 days left in the firm’s crowdfunding campaign carried out via Seedrs.
Based in London, United Kingdom, the Global Wealth Group operates in the Property Digital (Mixed B2B/B2C) sectors. Incorporated in August of 2017, the firm’s investment summary is as follows:
- Type Convertible
- Discount 30%
- Share price N/A
- Tax relief N/A
Here are the key business highlights:
- $1,18bn USD value of total deals facilitated to date
- Members from 171 countries, investors from 69 countries
- $105m USD raised through the meta-marketplace
- $13 million + USD earned by clients & $17 + million USD in exits
Key features are: Secondary Market; Seedrs nominee min. £10.00 +.
As noted in the update, real estate is currently “worth $326,5tn (USD) worldwide and alternative assets are forecast to be $21.1tn (USD) in 2025, but less than 13% of the population has access to it.” The wealth inequality gap continues “to grow due to the lack of access to this global store of wealth, and less than one percent of people retire wealthy at 65.”
The company shared its purpose:
“Through our FinTech-based meta-marketplace, we help everyone invest like the top one percent in global real estate and other alternative assets, economically and safely using tech. Our purpose is to help close the global wealth inequality gap.”
The firm also shared their Fintech solution:
“Wealth Migrate’s digital platform is our proof of concept, with a mature global meta-marketplace that offers multi-financial asset classes, compliance, a payment system, and personalised digital wallets. Not only does it handle all primary market transactions, but our platform also allows Global Wealth Group (GWG) to provide B2C and B2B opportunities.”
While commenting on their monetization strategy and business model, the company noted that for B2C, they monetize ” The supply and demand side of the marketplace.” They receive a capital raising fee from suppliers, and “with demand [their] system charges an investor fee at the time of transaction.”
These costs reportedly “include an upfront charge for investment initiation and a success fee at the actual profit/income generation point.” This monetary model creates “a compelling story for investors by only paying ongoing fees when making money, with no automatic assets under management charges.”
Their white label B2B partners “operate on a fee split basis, and this revenue share policy works on the total equity raised annually.” They jointly earn revenue throughout the life of a deal, by “providing an annuity income model and an escalating revenue stream, the longer the platform operates.”
In 2020, revenue “grew 12% to $2,34m (based on unaudited management accounts), “with five extra revenue streams, with the aim to place our business on track for break even with scalable operating profit.”
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