Crowd Mortgage Limited, a Liverpool, UK-based peer to peer property finance platform, raised £50k in equity crowdfunding.
53 backers acquires a 20% stake via CrowdCube.
The company intends to use the funds to develop its web platform.
Led by Founder by CEO Luke Barnes and Marketing Director Dean Scott, Crowd Mortgage is developing a crowdfunding platform for people to raise finance to purchase, renovate and develop property.
The project aims to open up property finance to a range of clients – regardless of credit ratings, deposits available or property type – whether they are looking to purchase their first house, renovate an old building, or looking to build a house from scratch.