CrowdProperty has introduced an automatic reinvest function for its self-select accounts.
The peer-to-peer property development lender announced the new functionality on Tuesday, which enables investors to automatically reinvest their funds in their self-select portfolio.
“This functionality means that, once repaid, you can set your capital, interest or both to be automatically redeployed for a truly hands-free, long-term solution to investing,” CrowdProperty said in a blog post on its website.
“Automatically reinvesting your capital and interest in projects will compound your returns, making sure your money continues to work as hard as you do.”
Investors can apply this feature within the auto-reinvest settings tab in its self-select portfolio, CrowdProperty said.
The update means that the auto-reinvest functionality is now available across all of CrowdProperty’s types of accounts.
CrowdProperty recently announced that former ThinCats chief executive John Mould has joined its board as a non-executive director. In his new role he will advise on the platform’s risk management and alternative finance operating expertise.