Edinburgh’s Sharein helps property firm
Crowdfunding technology specialist Sharein has teamed up with a new online property platform to help it fully comply with government regulations.
Sharein, which is located at the Codebase incubator in Edinburgh, offers compliance and technology services to crowdfunders, helping them raise capital securely and in line with Financial Conduct Authority (FCA) regulations.
Its latest deal has seen it help two entrepreneurial brothers from Leeds launch Uown, a property crowdfunding platform that offers microinvestors a stake in “proven performer” properties.
Through the website, investors can put as little as £20 towards an investment and expect at least 6 per cent returns from rental income alone, plus a share of any increase in the house’s value.
Uown was founded by brothers Shaan, 26, and Haaris Ahmed, 23, who graduated from London School of Economics and Oxford University respectively.
Jude Cook, chief executive of Sharein, said: “Having worked with Shaan and Haaris from the outset of Uown, it’s great to see the platform is such a success.
“Crowdfunding is an extremely popular way of doing business, and with our authorisation and regulation from the FCA we can provide peace of mind to start-ups who don’t have the resources to start from scratch.”
Shaan Ahmed said: “The whole point of Uown is to challenge the old order of property investment away from the fat cats and open up this closed shop to the people.”