Fractional property investment firm based out of Australia, DomaCom, has announced that the company has raised capital which it plans on using to expand its property platform.
The company carried out the capital raise with Ord Minnett, receiving binding from professional and sophisticated investors to raise $1.5 million.
The company’s CEO Arthur Naoumidis says with about $35 million in capital, and all the necessary product development having been completed, the business is now “poised to commercialise the business.”
It also comes at a time when the company is nearing the completion of its six-month pilot with a Big 4 bank to use its fractional investment model.
With over 30 years in financial services technology development, Naoumidis has once again created a technology solution to a traditional investment market, i.e. property, where it is needed most.
Naoumidis’s vision to facilitate fractional investment will change the way in which people invest in property. It will open and improve the market and help investors and their advisers achieve their goals more efficiently and with lower risk.
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