Brikkapp to launch IFISA and onboard more P2P platforms
Real estate crowdfunding platform Brikkapp plans on onboarding more peer-to-peer lending platforms and is working on launching an Innovative Finance ISA (IFISA).
The platform, which launched in January, allows lenders to browse investments from more than 200 global property platforms in one place. These include alternative lenders such as Shojin Property Partners.
Chief executive Jan Večerka (pictured) said onboarding new platforms on Brikkapp is an “ongoing process” and added that the platform is working with a payment provider to launch its own IFISA.
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“Our goal is to bring our investors a wide offer of investment opportunities,” he said.
“On the other hand, we are very cautious in our due diligence to co-operate only with those players with a sustainable business model and well-implemented project risk assessment.
“Regarding an IFISA, we are currently working with our payment provider on providing this service to our users.”
Since its January launch, Brikkapp has acquired over a thousand new users from 12 countries. It has offered 11 investment projects in five countries – the UK, Germany, Austria, Latvia, and Czech Republic – and has implemented a currency exchange so its users can exchange money on the platform.
Večerka said Brikkapp has introduced a ‘platform as a service’ model to allow real estate companies to create their own platforms using Brikkapp to crowdfund for their projects and utilise all the features that Brikkapp has under their own branding.
He said the platform is working on implementing an auto-investing option and then a secondary trading market.
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“Many of our users would like to utilise auto-investing, which helps them build a portfolio automatically without the need for checking what new projects are on offer,” he said.
“Once we implement the auto invest option, we will work on opening the secondary trading option to make investing even more liquid.”