The alternative property finance provider is aiming to raise £250,000.
Propifi aims to offer opportunities to both retail and first-time investors to cater for the demand for bridging finance in the UK.
Propifi is seeking funding so it can execute its year one plan, which includes:
• FCA registration
• web, app and platform development
• legal costs
• operational overhead for 12 months.
The platform plans to release an app post-investment, along with a fully integrated cryptocurrency wallet later this year.
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Euan McAlpine, chairman at Propifi (pictured above), said: “While we have been thrilled with the huge amount of early investor interest in Propifi, we’re not resting on our laurels.
“The property finance sector has long been content to live with slow-to-market solutions and yesterday’s technology, and, as a result, has fallen behind the innovation curve sector wide.
“Propifi was specifically set up to address this problem and break the trend, and that is exactly what makes it such an exciting opportunity for both seasoned and first-time investors.
“We’re working hard to ensure that our first investors get early access to the best deals and, given the expertise we have within our management team, we are extremely confident of delivering against our commitment to the potential of 8% returns and above.”
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