36. Property Partner
The proptech investment platform aiming to become the global stock exchange for residential property
Founder: Daniel Gandesha
Founded: February 2013 (launched January 2015)
Born out of his frustration with the massive upfront payments and hassles of property investment in desirable areas, founder of Property Partner Daniel Gandesha decided to create a solution by imitating the stock market, where individuals buy shares and receive dividends.
Property Partner takes its place amongst a host of other property disrupters in recent years, but differentiates itself with its unique stock market model and ability for investors to exit at any time they wish. Customers pay a one-off transaction fee of 2% on the purchase of their investment, and an industry standard 12.5% rental income for advertising, letting and managing the property.
Prior to launch, the start-up received substantial VC interest, eventually raising £5.2m in a round led by Index Ventures, and has now raised £6.65m in total to fuel its growth. One of the youngest businesses on the list, since January this year 1,000 individuals have invested between £50 and £50,000 in homes through the company’s platform, with around 20,000 sign ups in total.
Property Partner’s vision is to become the global stock exchange for residential property, with plans to expand internationally in the coming year. Judging by what Gandesha’s company has achieved in just a few months, this goal seems well within reach.