London digital platform secures "significant" multi-million pound funding in Series A round
A London digital company platform has announced that it has secured a “significant” investment after a six-fold usage increase.
GetGround, which is focused on buy-to-let (BTL) investing, confirmed that it has closed a multi-million pound Series A funding round.
The round has been supported by QED Investors, backers of Klarna, Mosaic Ventures, backers of Habito, Hambro Perks, which supports PrimaryBid, and Taavet Hinrikus, founder of Wise.
This comes as the company reports a six times year-on-year increase in the number of companies formed on its platform for the first five months of 2021.
Moubin Faizullah Khan, co-founder and CEO at GetGround, commented: “The adoption of company structures for investing in BTL has massively accelerated in recent years.
“Yet until we launched GetGround, there was no one platform that supported landlords and investors through everything that company BTL investing involves - from company formation and legal documents, to current accounts, tax returns and accounting.
“The speed at which customers are turning to GetGround shows us that our platform solves that problem.
“Savvy property investors understand the overwhelming benefits of investing through companies over personal ownership.
“Whether it’s tax efficiencies, wide access to mortgage finance options, personal liability protection, or inheritance planning, company BTL makes good business sense. It’s good for tenants too, reducing their costs and improving standards.
“Our platform directly addresses the demand from these investors to make company BTL investments as straightforward and efficient as they can be.
“Expensive administration and labyrinthine communication between multiple parties shouldn’t be barriers to property investing. We’ve barely scratched the surface of how critical an all-in-one platform like GetGround is to this vast market.”
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