13. Property Partner
The peer-to-peer crowdfunding platform for the residential property market
Founder: Daniel Gandesha
Founded: 2014 (Launched January 2015)
Property crowdfunding platform Property Partner is back with its third appearance in the Startups 100 index after leaping from 36 in 2015 to 16th position in 2016 and now, after experiencing exceptional growth over the last year, takes prime position at number 13.
Launched in 2015 by Daniel Gandesha, after he had struggled to afford a house of his own, Property Partner’s compelling concept treats the property market like the stock market.
It effectively allows investors to own part of a property, receive dividends and make an exit. It charges a one-off transaction fee of 2% on the purchase of investment and an industry standard rate of 10.5% of rental income for advertising, letting and property management.
As well as witnessing its investor base more than double in size, this last year has seen Property Partner grow its assets under management by 175% from £18.4m to over £50m, while primary investment into the platform has grown by 128% from £14m to £32m.
This growth has been supported by increased product development. Property Partner has just announced Bid Manager; a new tool that introduces “automated, strategy-based trading”. Designed to increase the number of shares in properties changing hands and to boost liquidity, the service allows investors to filter thousands of potential property investments that suit their objectives instantly. It also calculates what price investors should offer based on their desired yield.
Bidding has been available on the platform since August 2016, with 1,318 clients having made 8,361 transactions worth almost £2m to date.
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Just over two years old, Property Partner is already revolutionising the residential property market with its innovative approach and continues to thrive and evolve – long may it continue.