British Pearl Finance
| File:British Pearl Finance.png | |
| Private | |
| ISIN | 🆔 |
| Industry | Alternative finance, Individual Savings Account |
| Founded 📆 | 2018 |
| Founder 👔 | |
| Headquarters 🏙️ | London, UK |
Area served 🗺️ | |
Key people | Stanley Fink, Baron Fink - Chairman |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
British Pearl was the UK’s first online property investment platform that allows investors to invest as either shareholders or as lenders. It is a Financial Conduct Authority (FCA) authorised company based in London.[1]
Overview
British Pearl Finance launched in 2018 in London.
Its founders are Ali Celiker[2], Anj Latif and Kobi Lehrer.
In July 2018 Lord Fink – a Conservative party treasurer and former hedge fund manager – invested £7m into British Pearl.[3]
In December 2018 it announced that it had reached its initial target of £2 million equity investment via Seedrs from over 450 investors.[4]
In January 2019 it launched its Innovative Finance ISA, allowing investors to make tax-free earnings on their peer-to-peer and financial investments.
Share investors buy a share of the company that directly owns the properties listed on the platform. Properties include buy-to-let properties and development properties.
Investors receive a monthly dividend from the rental income of the property.
Loan investment
Loan investors lend their investment to the company that owns the property. Loan investors thereby act as a mortgage lender, meaning that British Pearl does not need to take out a bank mortgage, unlike traditional models of property investment.
Loan interest is accrued daily, and investors receive a monthly fixed interest rate and also have first legal charge over the property.
See also
References
- ↑ "BRITISH PEARL LIMITED". Financial Conduct Authority. FCA. Retrieved 8 August 2019.
- ↑ "British Pearl: An Interview with Ali Celiker, CEO". Orca Money. Orca Money. 18 July 2018. Retrieved 8 August 2019.
- ↑ Parsley, David (16 August 2018). "David Parsley, 'Godfather of funds Lord Fink' backs proptech". Property Week. Retrieved 8 August 2019.
- ↑ Hurst, Samantha (2 December 2018). "Overfunding: Property Investment Platform British Pearl Secures £2 Million Funding Target on Seedrs". Crowdfund Insider. Retrieved 8 August 2019.
External links
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