Leading platform-based property development finance provider, CrowdProperty, has received a £3million investment from Canada-based Flow Capital Corp that will enable it to accelerate its existing innovation and growth plans.
Established in 2014, CrowdProperty has reported continuous development and growth, featuring in the FT1000 Europe’s Fastest Growing Companies list for three consecutive years and The Sunday Times 100, Britain's fastest-growing private companies.
In a decade of operations, the company has funded the development of 3,542 homes across the UK, which equates to £842million of property in total. With £482million in facilities agreed, the business continues to contribute to the high demand for housing stock in the UK.
The £3million will fund a raft of improvements to CrowdProperty’s existing platform and application processes, as well as grow the team across all areas of the business over the next three years.
Mike Bristow, CEO at CrowdProperty, said: “This funding is a real vote of confidence, not only in our current offering, but our future growth potential and overall vision to take the business to the next level. We are delighted to be able to accelerate our plans to do what we do best - provide SME property developers with the finance they need when they need it, while also supporting our other stakeholders in building their futures.”
Damon Walford, Chief Commercial Officer at CrowdProperty, said: “With the backing of Flow Capital, we’re now in a position to invest in the business sooner than we originally anticipated. With our existing strategy and plans, we’re well-placed to take advantage of a fragmented market that we are confident we can become even more of a dominant player in.”
Flow Capital Corp is a leading provider of flexible growth capital and alternative debt solutions.