Global investment marketplace reveals plans for new British HQ and £2m crowdfund
Online investment marketplace Wealth Migrate has revealed plans for a new UK HQ and embarked on a seven-figure crowdfunding campaign.
The international firm intends to move its head office and holding company to London and has launched a £2m fundraise on Seedrs.
Cash raised will be used for further investment in Wealth Migrate’s platform, digital products, distribution channels, deal origination and scalable marketplace expansion.
The firm’s vision is to make investing simple and easy. It said that while 49% of the world’s wealth is held in real estate, just 12.9% of people have access to investing in real estate – and less than 1% of that figure will retire wealthy at the age of 65.
According to Wealth Migrate, that’s because the top 1% are investing in different assets to the 99%. Its aim is to help the 99% invest like the top 1% by tapping into residential and commercial property opportunities in the UK, US and Australia.
Scott Picken, founder and CEO, said: “Our purpose is of empowering a billion people and reducing or solving the wealth gap and income inequality.
“To achieve this in 2015 we launched the #wealthmovement whose mission is to create a better and more sustainable planet for all.”
So far, 137 of Wealth Migrate’s ‘wealth partners’ or shareholders have funded $12.7m to create a platform whose member base now spans 118 countries. The firm has facilitated over $500m in real estate deals to date.
Ken Williams, Wealth Migrate’s head of strategic finance, commented: “We are excited, as we raised our first milestone of growth funding of £750k in less than 48 hours, while privately live, and now we are opening this opportunity to everyone.”