The House Crowd passes £40m milestone

By Lisa Walls-Hester on Thursday 20 April 2017

Alternative LendingSavings and Investment

The HouseCrowd is extending its products and hiring new execs

Property crowdfunding platform, The House Crowd is celebrating five years of growth, having raised more than £40m in capital since its 2012 launch.

The House Crowd, which claims to have been the world’s first property crowdfunding platform, now serves upwards of 15,000 investors who have received in excess of £7.1m in returns.

The platform is now focused on its next stage of business growth and is hiring its first chief technology officer, chief marketing officer and new business development managers.

The company is also planning to introduce a specialist bridging finance service, including the planned launch of HC finance and HC investment websites.

Frazer Fearnhead, founder and chief executive of The House Crowd, said: “We set out to make property investment accessible to as many people as possible, and five years on we’ve done just that.”

“Despite having to fight through reams of red tape to make it happen, property crowdfunding is already worth £700m a year in the UK with numerous other platforms having followed in our footsteps.”

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