British Pearl debuts API to open up P2P property market

PEER-TO-PEER property investment platform British Pearl has launched an API to widen its reach and attract new investors.

British Pearl claims to be the first UK proptech firm to open up its data to the public in this way.

“Your favourite financial dashboard application could show your British Pearl portfolio valuation without the need to visit British Pearl’s website at all,” the firm said in a Medium post. “This will improve our brand exposure and attract more people to our products.

“We do believe it is a game changer and anticipate it will improve liquidity for our investors, bring in new revenue streams, and expand our business reach.”

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British Pearl launched to the UK market in July 2018, backed by a £7m investment round led by conservative peer and hedge fund magnate Lord Stanley Fink.

Its most recent equity crowdfunding round on Seedrs in March 2019 raised £2.58m.

The platform offers investors the opportunity to buy shares in property or make secured loans with a minimum investment of £100.

Current properties on British Pearl’s website show net share returns in the range of six per cent to 13 per cent, while IFISA-eligible net loan interests on the same properties range from 3.75 per cent to 4.30 per cent.

Shares and loans can then be traded on British Pearl’s secondary resale market, where matched orders are automatically executed.

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