Real Estate FinTech Company Secures €500,000 Investment For Global Expansion
Max Property Group, the owner and operator of the international real estate crowdfunding platform Max Crowdfund, announced that it has raised just over €500,000 equity investment from its investor base. The money will be used to expand Max Crowdfund internationally.
Max Crowdfund announced its expansion into New Zealand in January 2021 and is on schedule to launch Maxcrowdfund.co.nz on or before the 1st of April 2021. The company has also since signed contracts for Sweden, the United Kingdom, and Australia, as a part of its joint venture scheme.
“We are the only crowdfunding platform that we know of that is expanding globally using a joint venture model. Our target is to have launched Max Crowdfund in New Zealand, Australia, Sweden and the UK by the end of Q2 2021, and we are currently in advanced talks with interested parties in the United States, Canada and South Africa, which we aim to launch during 2021 as well,” says COO Anne Visser.
Max Crowdfund is the first real estate crowdfunding platform using blockchain technology to receive approval from financial regulators in the Netherlands and they are adapting their software to comply with new European Union Crowdfunding Regulations which will come into force in November 2021. The changes will facilitate cross-border transactions and allow real estate-backed loans as well as equity opportunities across Europe to be listed on Max Crowdfund. The new regulation will also allow for a secondary market via a Bulletin Board, providing much-needed liquidity to real estate investment products.
Max Crowdfund has already been approved by payment providers which will allow the platform to accept all European currencies by the end of Q2 2021, in line with the platform’s rapid expansion plans.
“Max Crowdfund is hitting many milestones. With tens of thousands of global users, EU financial regulation, new countries joining the joint venture scheme, and our ability to accept all European currencies, we expect the platform to grow exponentially over the next few months and years,” says Max Crowdfund’s CTO, Erwin van Kekem.
To keep up with developments, Max Property Group has prepared a Series A equity round, with the intention of raising €4.25 Million. The funds will be used for the technical development of the platform and obtaining regulatory approvals as it expands into new jurisdictions.
The structure for the equity round has already been set up. Max Property Group has issued a total of 12.000.000 shares of which 3.300.000 shares have been assigned to a cooperation, the Max Property Coöperatie U.A. (MPC). MPC in turn has issued 3.300.000 Max Property Group Share Certificates (MPGS), which are maintained in a register of MPGS holders and are of course registered on the blockchain. Each share certificate is valued at €2.50 in the series A round and has the same voting rights and right to profit share as normal shares.
About Max Property Group
Max Property Group was founded by a group of real estate professionals who share a vision to make the property industry transparent and accessible to all. Having personally financed a test case, its founders set up several investment funds in the Netherlands, United Kingdom, and Germany which raised in excess of €6M. Aiming to streamline the investment process and reduce entry barriers, the group started developing the international real estate crowdfunding platform, Max Crowdfund.
About Max Crowdfund
Max Crowdfund has been under development since 2018 by Max Property Group. The platform is a fintech resource that streamlines the investment process through automation and connects property investors with project developers. The platform uses blockchain technology to ensure transparency by recording all the investment opportunities on the blockchain.
Max Crowdfund became the first regulated blockchain-powered real estate crowdfunding platform in the world. Max Crowdfund is currently allowed to place real estate backed loans applied for by companies registered in the Netherlands, Germany, and the United Kingdom. The platform has raised a total of €1,709,000 with an average return of 7.92% since being allowed to list third-party loans in October 2020. Platform users can invest in real estate from as little as €100 in line with the company’s mission, “Making Real Estate Investment Accessible to Everyone”.