Compliance support for brothers
ShareIn helps firm shake-up property investment
Jude Cook: offering peace of mind
Compliance company ShareIn has teamed up with an early stage crowdfunding platform which wants to democratise property investment.
Uown is run by two entrepreneurial brothers, Shaan and Haaris Ahmed, who graduated from London School of Economics and Oxford University respectively.
It is a property crowdfunding platform which offers micro-investors a stake in property ventures.
As they didn’t have the resources to apply for Financial Conduct Authority authorisation they were able to launch the website by becoming appointed representatives of Edinburgh-based ShareIn, which is fully authorised and regulated.
The start-up wants to democratise property investment and through the Uown website investors can commit little as £20 towards an investment with a potential for returns from rental income, plus a share of any increase in the house’s value.
CEO of ShareIn, Jude Cook, said she had worked with Shaan and Haaris from the outset of Uown which is based in Leeds.
“Crowdfunding is an extremely popular way of doing business, and with our authorisation and regulation from the FCA we can provide peace of mind to start-ups who don’t have the resources to start from scratch,” she said.
Shaan Ahmed said: “We had a great vision for how Uown could shake up the property investment market, but the platform wouldn’t have gone live without help from with ShareIn.
“We’re delighted that our first property has been fully funded, it’s a big threshold for us to cross and we’ve done it in a relatively short time.”
Traditional property crowdfunding models connect landlords and developers with investors who pool their money to purchase a property.
- Investing in Uown puts your capital at risk, and returns are not guaranteed.