Yielders, an ethical property crowdfunding platform, has reportedly closed a Series A investment round as it looks to expand in Asia and the Middle East.
The company is looking to get licenses in Pan-Asia and the Gulf Cooperation Council, and cement its position in the market as a major competitor to traditional banks investment opportunities, according to an article from FinTech Futures.
How much the company has raised in this round or the investors to supply the capital, was not disclosed.
Yielders is an online crowdfunding platform and was the first UK-based FinTech company to become Shariah compliant. The platform offers consumers a way to invest into the property market in a low risk environment. This is achieved by all assets and rental licences being acquired by Yielders before the project is offered to consumers.
The platform makes investing available to anyone, with minimum contributions starting at £100.
In order to meet Shariah compliance, Yielders offers no debt or interest on investments, and consumers receive full voting and financial rights to determine key decisions made during the holding period. Yielders also implements annual Shariah Audits to ensure the company stays compliant.
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