Brickowner increases minimum investment
Brickowner is increasing its minimum investment from £100 to £500.
The peer-to-peer property lending platform said that existing users with £100 invested will need to put down £400 or more when they next invest.
The change applies to new investments and Brickowner’s secondary market.
“Our decision has been largely led by the regulatory need to set a higher bar for entry, to dissuade those who do not have the capacity to expose themselves to risk,” Brickowner said in an email to investors.
“Furthermore, when we look at the amounts invested, more than 99 per cent of our investors already invest over £500.”
Brickowner’s secondary market was launched in February.
Shares listed on the secondary market can be bought and sold at their original price of £1 each.
Buyers can then benefit from any income from the date that the shares are bought, although this could also result in losses due to the nature of the investments.
It came just a month after Brickowner raised £500,000 in a Seedrs crowdfunding round.
The platform also raised more than £150,000 in June 2020 and more than £200,000 in 2018, with both of these funding rounds taking place on Seedrs.