BRICKOWNER is set to launch a fundraising round and secondary market.
Chief executive Fredrick Bristol said that the property investment platform will be raising further equity this year and will relaunch its website as part of a range of changes.
It comes as its loanbook reached £10m, up from £1m last year.
Read more: CapitalRise secures £30m City funding line
“Many people are familiar with the idea of homes as investments, but property as an investable asset class has for too long been unavailable to smaller investors,” Bristol said.
“Using technology, we give investors efficient access to investments that were previously only available via institutions, creating new opportunities for investors and a new source of funding for property developers and asset managers.
“In the past, too much of investors’ money went into covering the costs of middlemen, such as IFAs and fees from banks and brokers.
“Brickowner’s tech disintermediates the investor process. This gives Brickowner a fundamental cost advantage, allowing higher returns for investors and lower costs for property managers.”
Brickowner, which launched in 2017, has raised £4.9m from five previous funding rounds
It raised more than £200,000 in a crowdfunding round on Seedrs last year, exceeding its £150,000 target.
Read more: Record year for P2P fundraises