CrowdProperty turns to the next funding round surpassing £10m mark

CrowdProperty, a specialist property peer-to-peer lender, has announced a pre-series A equity round launch on Seedrs.

This follows a full FCA Authorisation and surpassing of £10m lent. A £600k raise is to fund investment in talent, tech development and marketing to deliver on the expansion potential for the business.

CrowdProperty has been responsible for £10.7m of development finance loans between private individuals and UK professionals property businesses with a database of over 6,000 registered users.

Simon Zutshi, CEO, commented: “I am delighted that we have now proven this model of helping property developers to fund their projects, whilst helping investors gain a secured return on their money.

“All of the recent project launches have been quickly funded up by our lenders, which demonstrates the traction we have built in our brand. Over the last year, we have focused on our platform technology and processes, and now we are ready to scale this business to its full potential.”

CrowdProperty has become profitable with SME and consumer marketplaces owing to shorter average loan lengths, borrower frequency/retention and fee levels sustainability.

The company aims to become the market leader in project-based finance direct to SME property professionals whilst providing competitive first-change secured returns.

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