Propio begins in earnest and potential investors can use the new application to put aside their money for certain projects or towards a specific set of pooled bonds which allows for ample chances to invest. The investor must at least put in at least around $1150.
Parul Scampion, co-founder at Propio, said: “Our ambition is to democratize property investment, demystifying the development process so that retail investors of all backgrounds can access the sorts of returns previously only available to the financial elite.
“Of course, development is riskier than keeping cash under the bed, but with returns up to 20%, there is potential to tap into far greater returns than many other platforms offer.
“Our fintech platform opens up exciting new avenues of funding for developers keen to share equity with others or whose schemes may not be big enough to excite the major banks who have been told to rein in lending.
“With the bombshell of tax hikes buy-to-let investors now face, we’re hoping to offer far better returns with a greater level of transparency on the fees charged.”
Read more here