Property Moose is an online crowdfunding solution that allows individuals to invest in property without the need for large cash deposits, banks and mortgages. SME caught up with founder and CEO Andrew Gardiner to find out more…
Tell me about your role – what does a typical day look like for you?
Each day I try to execute our growth plans, from marketing to business development, whilst at the same time ensuring that we are fulfilling our obligations to members. There is an incredible amount of variety, and when combined with designing new web technology, no two days are the same. The nature of my role means that it is easy to uphold the company philosophies of dynamism and dedication.
Who are your biggest competitors? What makes your company special compared to its competitors?
As the industry is in its infancy, we don’t believe that we have any direct competitors, but rather, there are other companies that are building the industry alongside us. We all offer different products and experiences, with the same underlying asset class. Property Partner, for example, offer properties with lower income than ours, but as they are focused in London and the South East, there is the potential for significant capital gains. We also have different entry points: you can invest on Property Moose with £10, and on Property Partner from £50.
Tell me about your clients – who purchases your products?
We have members aged 18 to 90, but the largest group is the 25- 35 year olds. As a result of our low entry point, £10, anybody really does have the opportunity to invest using our platform. Many investors put in much larger amounts than £10, and our average investment is much higher. Our members are also located all over the world – in more than 40 jurisdictions and counting.
Property Moose does not provide any advice in relation to investments and you must rely on your own due diligence before investing. Please remember that property prices can go down as well as up and that all figures, rates and yields are projections only and should not be relied on. If in doubt, please seek the advice of a financial adviser. Your capital is at risk if you invest. This post has been approved as a financial promotion by Resolution Compliance Limited.
Property Moose is a trading name of Crowd Fin Limited which is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (no: 574048).
