CrowdLords is working on a new structure that will allow it to start trading again, its co-founder has revealed.
Richard Bush, co-founder of the property investment platform, told Peer2Peer Finance News that while it is currently closed to new regulated business, it is planning to relaunch with a focus on sophisticated and high-net-worth investors.
Bush said professional, high-net-worth and sophisticated investors represent 95 per cent of the platform’s investment volume and make up its core target audience.
“We are definitely continuing to trade and are working on new structures to enable us to continue to offer the same quality and range of investments that our investors have benefitted from over the five years since we launched,” he said.
“We did consider closing down because of the regulatory environment, but our users made it very clear that they wanted us to carry on.
“Despite Covid-19 and the uncertainties regarding the economy, we have noticed an increased appetite for investments secured on property whether as debt or equity.
“It seems the recent uncertainty in the stock markets has highlighted the relative stability that property offers and investors are adjusting their portfolios accordingly.”
Bush added that the platform, which was previously an appointed representative of ShareIn, is now exploring finding an alternative principal firm, merging with another business or offering unregulated investments.
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