The residential property crowdfunding platform enabling investors to own a share in a property and receive dividends
Founder: Daniel Gandesha
Founded: 2014 (Launched January 2015)
Website: www.propertypartner.co
Proptech is a rapidly growing sector in the UK, and last year’s Startups 100 number 36 Property Partner is one of the companies disrupting the antiquated industry.
The idea for the platform came to founder Daniel Gandesha in 2013 when he and his wife were struggling to afford a flat in Putney. With a background in financial services and investment, he realised the property market could be more like the stock market – and set to work building residential property crowdfunding site Property Partner. The platform enables investors to own part of a property, receive dividends and exit at a price that reflects the value of their asset. The business charges a one-off transaction fee of 2% on the purchase of investment, as well as an industry standard rate of 10.5% of rental income for advertising, letting and property management.
Property Partner caters for investors of all sizes with a minimum investment of £50. On average, users invest £4,000, but some have invested over £750,000. To date, Property Partner has seen more than £29.6m invested through its platform from 6,941 active investors into 184 properties.
Having closed a £15.9m Series B in March, the company plans to grow its customer base, expand its 38-strong team and introduce new products such as shared ownership.
