2015 Startups Awards finalist The House Crowd breaks £1m revenue threshold

Startups Awards finalist The House Crowd has announced that it achieved turnover of £1.1m in 2015 – an increase of more than 140% on 2014.

Launched in 2012 by Frazer Fearnhead (pictured), The House Crowd is a property crowdfunding platform which enables users to purchase shares in residential properties for as little as £1,000.

The Hale-based company recently released its 150th crowdfunding projectand claims to have facilitated over £17m in property investments throughout the UK to date.

The start-up also recently strengthened its team with four new hires including a head of finance and marketing director, and has plans for further expansion in 2016.

Fearnhead commented: “Bricks and mortar remains a sound investment, but new regulations and changes to taxation have made traditional buy-to-let less attractive to the ordinary small investor.

“However, property investing via crowdfunding can still be a viable and rewarding way to build a better financial future. Our aim is to make such investments simple and accessible for all.”