The House Crowd named Crowdfunding Platform of the Year by Property Wire

The House Crowd has scooped the Crowdfunding Platform of the Year award at the inaugural Property Wire Awards, which celebrated its position as a trailblazer in the alternative finance industry.

The global news service singled out The House Crowd, the world’s first property crowdfunding platform, as the leader in the sector, creating diverse property investment products and increasing accessibility. This includes providing an alternative means of investment for traditional buy to let landlords, who are being pushed out of the market by recent legislative changes.

The win comes as The House Crowd marks its fifth anniversary, with the business investing in its next stage of development. This comprises:

• Publishing its first book on how people can build their wealth through property crowdfunding, including tips on spotting a great investment opportunity.
• Hiring its first chief technology officer, chief marketing officer and new business development managers, taking its staff count to 20.
• Funding its own multi-million pound developments to help get Britain building. The House Crowd has evolved from buying £50,000 terraced houses to offering a range of investment products, from equity crowdfunding to peer to peer lending.
• Introducing a specialist bridging finance service, including the planned launch of HC finance and HC investments websites

Frazer Fearnhead, founder and chief executive officer of The House Crowd, said: ‘We’re proud of what we’ve achieved over the past five years, and Property Wire recognising us as the best is testament to the team’s hard work.

‘Despite having to fight through reams of red tape to make it happen, property crowdfunding is already worth £700 million a year in the UK with numerous other platforms having followed in our footsteps.

‘We now provide a truly diverse range of investment products, including getting Britain building through our own developments. As traditional buy-to-let becomes unviable for many, property crowdfunding is making sure that people can continue to reap the benefits of investing in bricks and mortar.’

For more information, visit: www.thehousecrowd.com