Ruban Selvanayagam from fast sale and auction specialists Property Solvers speaks with Atuksha Poonwassie, MD and co-founder of Simple Crowdfunding. As director of the UK Crowdfunding Association, Atuksha brings a wealth of expertise, blending technical know-how with a passion for property.
We explore how Simple Crowdfunding became one of the first platforms in the UK to empower property developers and investors alike. From demystifying the crowdfunding process – where small financial contributions can fund property projects of all sizes – to understanding its role in bridging gaps in traditional financing, this conversation sheds light on a sector transforming property investment.
We delve into equity versus peer-to-peer lending, what types of investors can get involved, and the regulatory landscape shaped by the FCA. Atuksha also shares insights into the due diligence processes that ensure project integrity and explains how crowdfunding offers opportunities for everyone, from seasoned investors to those just starting out.
Ruban and Atuksha also run through some of the projects on the Simple Crowdfunding platform, including modular builds and assisted living developments whilst discussing the future of property crowdfunding, with technologies like AI and blockchain set to make their mark.
#PropertyCrowdfunding #Crowdfunding #PropertyInvestment #PropertyInvesting #PropertyInvestLINKS (RESOURCES) REFERRED TO IN THE PODCAST
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RELEVANT LINKS
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TIMESTAMPS
00:10 - Introduction of Atuksha Poonwassie and Simple Crowdfunding 00:23 - Atuksha's background in CRM and property investment 02:32 - Founding Simple Crowdfunding in 2013 03:03 - Overview of crowdfunding in the property sector 04:58 - How crowdfunding works for property projects 07:02 - Onboarding process for property crowdfunding investors 07:38 - Definitions of sophisticated and high-net-worth investors 09:06 - Accessibility of crowdfunding for all property investor types 10:02 - Learning while investing in property projects 11:45 - Opportunities for aspiring developers to learn 12:41 - Challenges faced by early crowdfunding platforms 14:38 - FCA regulation changes and platform closures 16:13 - Evolving regulations in the crowdfunding space 16:58 - Simple Crowdfunding’s dual approach: equity and peer-to-peer 17:49 - Explanation of equity investments in property crowdfunding 19:26 - Risks and returns associated with crowdfunded equity investments 22:04 - Overview of peer-to-peer lending for property projects 24:19 - Choosing between equity and peer-to-peer investments 25:30 - Due diligence process for developers and projects 28:02 - Challenges faced by property developers in recent years 29:09 - Why developers choose crowdfunding over bridging finance 31:33 - Handling project challenges and delays transparently 34:14 - Typical timelines for crowdfunding property projects 36:38 - Expected returns for equity and peer-to-peerPopular Podcasts
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