UK-based property investment management platform Propifi has launched an equity crowdfunding campaign on Crowdcube with the intention of raising £250k by the end of August, and has already raised over £156k from 87 investors.
The company has said that the funds will be used for its one-year plan, including Financial Conduct Authority registration as well as app, platform, and web development.
Conceived earlier this year, Propifi claims to be bringing a new, easy to use, peer-to-peer commercial lending platform to market, providing much-needed bridging finance for customers with an aim to deliver high returns of 8-12% for investors on the platform.
“Propifi is founded specifically to cater to the massive demand for bridging finance in the UK, and to satisfy the increasing appetite for P2P property finance in the face of stagnating traditional lending channels. Our specialist team have been carefully selected in a market made up of 30 other key bridging lenders. We also aim to be not just lenders but project managers. We want to go beyond the brief and we have vast experience of getting deals agreed. Each and every development opportunity listed will be expertly qualified by our management panel,” said a Propifi representative.
Read more here.
Join us in Madrid from the 13th to the 16th of November for the Property Portal Watch Conference.