Karl Tomusk
Having issued £120m of loans to SME housebuilders in the UK, CrowdProperty is expanding its international footprint to offer its P2P lending platform to new markets.
The company said Australian developers face “very similar pains” to those faced by SMEs in the UK who struggle to secure financing for their projects. Since launching in the UK in 2014, CrowdProperty has funded the development of 1,400 homes.
CrowdProperty Australia will be led by CEO David Ingram, co-founder of fintech startup Split It, a platform that helps consumers compare and sign up for household utilities and financial services. Ingram also has strategic advisory and operations exprience in a number of industries, including property, in both Australia and the UK.