Crowdfunder’s turnover increases 140%

Crowdfunder's turnover increases 140%




Turnover at The House Crowd hit £1.1m in 2015, a 140% increase on the previous year..

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p> Turnover at The House Crowd hit £1.1m in 2015, a 140% increase on the previous year.


The Hale-based crowdfunding platform said it has now raised over £17m of property investments in the UK having released its 150th crowdfunding project last year.

Frazer Fearnhead, CEO of The House Crowd, said: “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. 

“We expect to see strong growth in the number of investors opting to invest via crowdfunding as landlords look for alternatives to direct investment and all the hassle that it involves.”

The House Crowd recently welcomed four new employees to its ranks including a new head of finance and marketing director, bringing the number of its workforce to 12.

The firm, which is due to air its first TV advert this month, said a state-of-the-art new website and app will be launched later in the year.

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