Online lettings and sales agency Vesper Homes says the £100,000 investment secured via crowdfunding will create “a significantly enhanced user experience across the board.”
The two-month fund-raising campaign is a major boost for the company, which in 2015/2016 reported an annual turnover of a modest £125,000; on its website it says 80 per cent of its current income comes from lettings and claims an increase in revenue of 350 per cent from 2013/14 to 2015/16.
Now director James Cameron says: “Reaching our first crowdfunding target means that we will hire an expert lettings manager with an established track record and push forward with our development of our online platform.”
The company also wants to open an office in Singapore “to capture the inward investment from Asia” as well as operating in other domestic cities beginning with Manchester.
“The goal from the outset has been to deploy a leading edge technological platform with a variety of differentiated, client-driven features and processes aimed firmly at improving an already superior service for both clients and tenants alike with the addition of an enhanced digital drive and presence. We are confident that the benefit to landlords and tenants will be an average saving of 50 per cent on fees” claims Cameron.