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Clearwell Capital, which provides finance to SME property developers has raised £5 million via a bond featured on the Crowdstacker investment platform.

The finance house, which helps developers ‘build everyday homes for everyday people’ has provided over £12 million to small and medium sized builders, funding 45 different multi-dwelling developments across the UK so far.

It launched an initial raise for £3 million, with Crowdstacker in 2018, the success of which led it to extend its overall goal to £6.5 million in December of the same year.

Plugging the property finance gap

“We’ve already hit £5 million which is great news for the developers we work with,” explains Ed Marley Shaw, CEO of Clearwell Capital.  “Despite Government initiatives to help meet housing targets, developers are still struggling to access all the finance they need to deliver enough houses.  The role we play in plugging this gap is increasingly important especially during the economic uncertainty caused by Brexit.”

Clearwell Capital reports a three-fold increase in enquiries from property developers over the last 12 months.  It aims to help developers bridge the funding gap between acquiring land, being granted planning permission and commencing the build, and the final sale of the completed properties.

“Clearwell Bonds has been a very popular investment on our platform since we launched it last year.  Although the minimum investment is £100, the average investment is much higher than this, and people have been using their ISA allowance to enjoy the 7.25% p.a. returns offered, tax-free,” comments Karteek Patel, CEO of Crowdstacker.

Risk warning

Your capital is at risk if you lend to businesses. Lending through Crowdstacker is not covered by the Financial Services Compensation Scheme. Tax treatment is dependent on an individual’s circumstances and may be subject to change in the future.  For more information please see our full risk warning https://crowdstacker.com/risk-warning.

 

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One of the more individual features of Crowdstacker is that many of the businesses which raise funds through the platform issue investors with periodic updates about how they are using the capital raised.  

LonPro, a property development company working mainly in London and the South East of England, successfully raised over £4m on the Crowdstacker platform in 2018 with investors benefitting from a 7.5% p.a. return from an investment that can be held in an IFISA

The funds raised are now fully invested in three projects, which LonPro is delighted to report are well underway.

£4M deployed to build houses and flats

Project one is St Margaret’s Avenue, which is located in the affluent North London suburb of Totteridge and Whetstone. LonPro's update indicates it is quickly approaching completion of this project.

The development comprises of seven executive modern houses and two flats, as well as the conversion of an existing house into two flats. Sales are due to commence in the summer 2019.

Project two is Alford House which is situated in a residential area close to Highgate Underground station. A roof extension is to be undertaken on four of the penthouses and was set to commence by the end of March 2019. LonPro intends to complete the project within a year.

Project three is a recently completed acquisition in Haydons Road, Wimbledon. This site is close to the town centre and will comprise of eight new contemporary style flats and six refurbished flats. 

For the next few months, LonPro explains its focus will be on keeping the projects on track to completion.

Crowdstacker investors who have made a peer to peer loan to LonPro can view the full update on their dashboard within their Crowdstacker account.  Find out more here about opening a Crowdstacker account.

All information in this blog post, has been provided by LonPro, taken from their April 2019 investor update. Above image is a CGI visual of the LonPro St Margaret’s Avenue project.

Visit @lonproUK on Twitter and Instagram to view some of LonPro's property development project photos, CGI visuals and property interiors.

Risk warning

Your capital is at risk if you lend to businesses. Lending through Crowdstacker is not covered by the Financial Services Compensation Scheme. Tax treatment is dependent on an individual’s circumstances and may be subject to change in the future.  For more information please see our full risk warning https://crowdstacker.com/risk-warning.

 

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Crowdstacker has brought on board former RBS Senior Corporate Director, Ken Hillen, as Chairman of its Credit Committee.

Mr Hillen will focus on re-aligning all the lending and monitoring processes to prepare Crowdstacker as it makes changes to its business throughout 2019. Crowdstacker indicated its intention to broaden the range of savings and investments products offered to members when it raised £800,000 via an equity investment in late 2018.

Mr Hillen has nearly 40 years experience working in financial services, spending over 30 years with Royal Bank of Scotland, Anglo Irish Bank and Bank of Ireland.  He has worked as a consultant and strategic advisor for several investment companies, and serves as a non-executive director for a range of businesses including Angelfish Investments and SQN Secured Income Fund plc.

Using technology for the benefit of customer experience

“Ken is the first of several key new team members that Crowdstacker will be putting in place over the coming months,” explains Karteek Patel, CEO of Crowdstacker.  “He has a vast wealth of experience working in financial services both with large corporates and boutique businesses, which makes him an ideal choice for us.  This ability to understand the way larger banks operate amalgamated with a knowledge of the innovations taking place in alternative investment will help us to continue to challenge what doesn’t work in traditional finance without losing sight of the things that do.

“We’ve always aimed to take a measured and pragmatic approach to ensure that financial technology is used to make the customer experience better, rather than just for the sake of using technology.  Ken’s guidance is going to help us to continue achieving this.”

Mr Hillen commented:  “Across the last four decades I’ve seen many different challenges and opportunities in the financial services industry.  

“Crowdstacker’s vision of how investing and saving could and should be accessed and used by customers is extremely compelling.  I’m very much looking forward to participating and contributing to bringing this vision to life.”

 

 

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The Crowdstacker team is excited to announce the launch of our new financial lifestyle emagazine called Fixed. Fixed is a great new savings how-to magazine featuring articles from leading independent UK personal finance and travel journalists.

It has been our mission since the inception of the Crowdstacker platform to help people overcome financial apathy and to think more about their money and how they save, invest and spend. 

In each issue we'll show you how to save money on the things that matter to you most, whilst leading independent journalists offer you savings and investing tips as well as keeping you up to date on the best new personal finance technology. 

Subscribe to Fixed magazine here.

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Since launch, Quanta Loans has gone from strength to strength. The team, headed by Quanta CEO and property expert Robby Du Toit, has purchased 192 UK residential properties with the lent funds over the last three and a half years and achieved the refurbishment and sale process on average within 122 days. The funds raised are reused after each sale and so far over £27milion of UK property has been purchased and refurbished.*

A more unique feature of Quanta Loans is that Quanta provide regular updates to investors, via their Crowdstacker dashboard, about the properties that they have purchased and sold along with details of the properties and any refurbishment photos. Some of these refurbishments have shown impressive before and after images of how Quanta can take often run down properties and turn them into quite impressive transformations with new bathrooms and kitchens where needed, as well as landscaping and decorating and other repairs if needed.

Tax efficient investing
The Quanta Loans investment can be held within either a Crowdstacker ISA or P2P account, both of which can offer tax efficient benefits (subject to individual’s own tax status).

Since Quanta Loans launched in 2015, it has paid Crowdstacker investors regular interest payments on their investment and around £1.2million of capital has also been repaid to investors reaching the end of their term. Investors holding this investment in their Innovative Finance ISA (IFISA) since 6th April 2016 or those eligible for the Personal Savings Allowance (PSA) have been able to benefit from these interest payments tax-free. As with any investing, your capital is at risk and past performance is not an indicator of future performance.

Take a look at the investment page today.

An investment secured on bricks and mortar
The Investment is secured over the assets, property, and undertakings of Quanta Loans Ltd via a first ranking debenture, given to a Security Trustee on investors’ behalf. In addition, an FCA regulated independent administrator ensures investment is used solely for the purchase of residential properties, related costs such as refurbishment and outgoing costs such as council tax.

Quanta Loans is currently open for investment. You can lend from £500. Quanta Loans offers the chance to choose from two interest rates – 5.75% p.a. for an 18 month term or 6.8% p.a. for a 3 year term, both paid quarterly.  As with any investing, your capital is at risk.

No hidden fees
Crowdstacker charges no investment fees or account management fees for holding this investment in an IFISA or P2P account.

Take a look at the investment page today.

As with any investing, your capital is at risk. Tax treatment depends on individual circumstances and may be subject to change in the future.

Source: *Quanta management information - statistics based on figures 2015 to 31st January 2019.

 

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XL has put its £1million Loan from Crowdstacker investment platform to good use

In early 2018 XL completed a £1million P2P Loan on the Crowdstacker investment platform.

XL Group used the funds to purchase vehicles at substantial volume discounts, which were then leased on to its customers - individuals and UK SMEs - for a short term of 6 months.

The XL P2P Loan offered to investors a 4% p.a. return over a seven month term, and over 250 investors took up the opportunity. XL loans investors have been in the process of receiving their full capital repayments as well as interest, with all payments to be fully paid by the end of this week (w/e 15th February 2019).

A great example of Crowdstacker investments in action

This is the latest business of those borrowing via the Crowdstacker investment platform to reach the end of its loan term following a successful raise and subsequent deployment of cash.

“We focus on businesses that need to raise larger sums of money to help them grow, create jobs and reach the next level of success,” explains Karteek Patel, CEO of Crowdstacker.

The UK’s P2P lending association, the P2PFA, recently released data showing that P2P platforms had raised over £900m per quarter in 2018 for British businesses.

“The process of directly linking investors with businesses which need to diversify or increase their funding lines is becoming more established every year.  

“XL is a prime example of an investment which has enabled investors to earn an inflation-beating 4% p.a. return on their money over a seven month term, at a time when savings accounts or cash ISAs are struggling to do the same.”

Crowdstacker investments can offer built in security and tax efficiency

The focus was on putting in place security. To limit risk, XL entered into buyback agreements with the manufacturer or dealer for each vehicle it purchased with Crowdstacker investor money. Plus, the entire investment was secured on the assets of XL CST Limited via a first ranking debenture. These assets include the vehicles purchased as well as the vehicle lease income.

Crowdstacker’s loans are eligible to be held in an Innovative Finance ISA account (IFISA) as well as the standard P2P Account, where investors could benefit from the Personal Savings Allowance (PSA). This offers investors the ability to access tax efficient investments, subject to their own individual tax status.   

Our website has all the information you need to find out more about investing on the Crowdstacker investment platform.

Risk warning
Your capital is at risk if you lend to businesses. Lending through Crowdstacker is not covered by the Financial Services Compensation Scheme. Tax treatment is dependent on an individual’s circumstances and may be subject to change in the future.  For more information please see our full risk warning https://crowdstacker.com/risk-warning.

Crowdstacker Ltd. is authorised and regulated by the Financial Conduct Authority (frn. 648742).

 

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Crowdstacker has been ranked 36 in a run-down of Britain’s fastest growing companies in 2018 by online investment platform, Syndicate Room.

Syndicate Room’s research reviewed businesses based on their value at the start of 2015 versus their value in 2018 to create a Top 100 List which has been published here.

The overall list was dominated by technology-led businesses, but not necessarily those in the financial services sector.  

Crowdstacker was one of only a few fintech businesses to feature, including challenger bank Monzo and equity investment crowdfunding platform, Seedrs.

Crowdstacker has big plans for 2019

Inclusion in the Top 100 Fastest Growing British Businesses comes at a crucial time for Crowdstacker which is set to launch exciting platform changes in 2019.

In the summer of 2018 Crowdstacker completed a £800k investment raise to fund changes to the platform which will include new ISA products and an expansion into a broader range of investments.

“We have our sights set on becoming a one-stop-shop for managing a diversified portfolio of investments and savings,” explains Karteek Patel, CEO and co-founder of Crowdstacker.

“Everyday people don’t want to spend time managing their money.  For the vast majority of us it’s a boring and stressful thing to do, but Crowdstacker plans to make it easy, pain-free and ultimately far more rewarding.”

Put your money with Crowdstacker to target great returns

To date Crowdstacker has featured various alternative investment products on its platform, all of which offer inflation-beating returns of around 5-7%.

“Our new range of products in 2019 will make it easy to target returns that beat inflation and the basic rate of interest,” Patel continues.

“To be in the top 36 fastest growing businesses in 2018 is wonderful, and on a par with the awards we have won to date which have recognised our commitment to providing a quality service for our customers.  

“This is the foundation stone of what Crowdstacker was set up for, and remains at the heart of all our ambitions for 2019.”

Risk warning
Your capital is at risk if you lend to businesses. Lending through Crowdstacker is not covered by the Financial Services Compensation Scheme. Tax treatment is dependent on an individual’s circumstances and may be subject to change in the future.  For more information please see our full risk warning https://crowdstacker.com/risk-warning.

 

 

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Crowdstacker has launched a new P2P Loan on its platform to raise £4million for property developer Mizen Properties.

Investors will be offered a healthy 7% return on their investment in return for lending it to the developer for a three year term.

The mid-size developer which specialises in mixed-use sites in the South East of England wants to diversify its funding lines and ensure access to finance over a longer period of time to help it commit to projects which can last several years.

7% Interest Rate Offered to Investors

Mizen joins its sister company, St Mark Homes, which raised £3.5million through a Bond investment featured on Crowdstacker earlier in 2017.

Mizen is keen to point to its strong relationships with other lenders (such as Barclays Bank PLC and Royal Bank of Scotland) as well as housing associations and local Councils, with which it has worked over the last thirty years.

The cash raised via this new P2P Loan will be used to finance new developments in London and the South East, with a mix of residential and commercial buildings.

Money Raised Will Be Secured Against Property and Assets

The P2P Loan, as with all other investments offered on the Crowdstacker platform, will come with various layers of security.

In the case of Mizen Properties this will primarily include the property and assets owned by the business.  

Additionally, other safeguards will be in place.  For example, at least 30% of the funds required to purchase any of the planned sites must be provided by Mizen’s own equity or subordinated debt.  

Earn 7% Interest Tax-Free on Crowdstacker

As with other investment products offered by Crowdstacker, investors can invest as part of their annual ISA allowance under the Innovative Finance ISA (IFISA) wrapper. This enables all interest earned on money invested in this way to be paid to the investor tax-free.

Anyone interested in investing can find out more here.

Risk warning

Your capital is at risk if you lend to businesses. Lending through Crowdstacker is not covered by the Financial Services Compensation Scheme. Tax treatment is dependent on an individual’s circumstances and may be subject to change in the future.  For more information please see our full risk warning. 

 

 

 

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Agricultural Project Finance Lender Seeks to Raise £4million through Crowdstacker

Crowdstacker is now working with Prime Agricultural Finance to raise £4million for its agricultural project finance practice.

Prime typically lends to farmers, small holders and horticulture businesses to assist in the deployment of projects which help them become more environmentally friendly or technologically up-to-date.

It is seeking to raise £4million via a Bond, called the Prime Agri Bonds, on the alternative finance platform. And in return is offering 6 per cent interest per annum over the two-year lifecycle of the Bonds.

Countryside business uses alternative finance to fund environmental and technological advances

Typical projects funded by Prime include building and kitting out Anaerobic Digestion (AD) plants on farms. 

AD plants work by breaking down waste to produce gas which can be used as fuel and material which can be used as fertiliser.

Farm production of animal waste is roughly estimated to be around 80 million tonnes per year.  And that waste has to go somewhere.

As part of a push to bring environmental sustainability into British farming farmers and small holders have options to process this waste and turn it into something useful.  Using AD plants they are able to create gas which can be sold to energy suppliers, and bi-products which can be used as nutrient-rich fertilisers.

Capital raised via the Prime Agri Bonds will also be used to finance other projects such as equipment purchase, although the focus will be on projects which help businesses improve their environmental sustainability. 

Help the rural economy and your ISA

The Bonds issued on the Crowdstacker platform are eligible to held as part of an Innovative Finance ISA, meaning any interest earned will be tax-free, up to the annual limit. 

To find out more, or to invest, click here.

Risk warning

Your capital is at risk if you lend to businesses. Lending through Crowdstacker is not covered by the Financial Services Compensation Scheme. Tax treatment is dependent on an individual’s circumstances and may be subject to change in the future.  For more information please see our full risk warning https://crowdstacker.com/risk-warning.

 

 

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Crowdstacker Blog by Lauren.admin - 6M ago

Crowdstacker has been voted "Best Innovative Finance ISA" provider at the Shares Awards 2018.

The Shares Awards are held on an annual basis and reward businesses in the financial services industry in a variety of categories.

Winners are selected by the magazine’s readership and the general public.  So for us it’s wonderful feedback to know our customers appreciate the IFISA product that we offer, so much so they’re willing to take time out of their day to vote for us.

Best Innovative Finance ISA Award goes to Crowdstacker

We launched our Innovative Finance ISA (IFISA) product back in 2016, and, in fact, we were one of the first to do so. It attracted a lot of interest from investors, and investment through it has remained steady.  

Karteek Patel, CEO of Crowdstacker, said: “We are focused on further developing our savings and ISA offerings, so to get this kind of positive feedback specifically for the IFISA product that, really, we helped pioneer for the industry, is wonderful.

“We’re translating what we have learnt about what ISA customers want and need into packaging up the best ISA options that we can.  We are very excited about what’s to come in 2019!”

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