Property Partner and Movebubble hit milestones as proptech gains momentum
Success for Startups 100 companies with £10m traded on Property Partner's resale platform since launch, while Movebubble announces three senior hires
Property crowdfunding platform Property Partner has seen investors trade £10m on its resale platform since launch last year, with £40m of shares in buy-to-let properties invested and traded through the platform. Over the same period, the number of investors on the platform has doubled to over 8,600.
Meanwhile, Movebubble, the app where renters can discover thousands of London properties in real-time, book viewings and secure a home, has announced three new senior hires.
Experimental physicist Boris Mangano has joined as the company’s senior data scientist from Swiss particle physics laboratory CERN, while former managing director at GO Investment Gavin Morris and commercial strategist Peter Briffett have joined the Movebubble board as advisors.
Dan Gandesha, founder of Property Partner, said: “Although property should be considered a longer-term investment, we’ve now seen more than £10m of cash returned to investors’ accounts with the majority of that then reinvested on the platform. This demonstrates that our ‘property stock exchange’ is functioning exactly as intended.”
Aidan Rushby, CEO at Movebubble, commented: “We’re absolutely delighted to be welcoming Mangano, Morris and Briffett to the team. Their combined expertise will enable us to offer renters a more transparent and honest view of properties around London than ever before, while maintaining our rapid growth trajectory. It’s fantastic to see such leading world talent rally to the cause.”