Real estate crowdfunding project
A fully featured FCA compliant real estate crowdfunding platform, which allows any person to start own business with minimal investments. People invest into real estate properties and earn revenue when they are sold. The system controls all financial flows starting from deposits and up to revenue withdrawal.
portfolio project
Team: 5 engineers
Aug, 2015 - Present
Great Britain
Task
Our goal was to create a clear and simple web system, directed to crowdfunding for real estate financing and investments. As a result, with only 1000 pounds, anyone can invest in real estate and receive a monthly income from interest. We put our best efforts to create a user-friendly system so any common user will be able to control his/her own account. We truly believe that crowd funding solutions brings the real estate business on the new level.
Real estate industry
The real estate is a major business creating billions of dollars in income yearly, and there are abundant open doors for business visionaries to turn a benefit. Last year there were more than 200,000 companies working in the private financier and administration field, which created $200 billions in income; there were 35,000 organizations working in the business and administration field, producing $35 billions in income. But now you don’t need to be a businessman to generate an income in real estate industry.
Crowd funding custom platform
Crowdfunding allows you to get financing without the participation of banks, venture capital funds or exchange. The process has become much simpler and more democratic. The undoubted advantage is also the personal interest of the person who supports the project. Сrowdmove project is the type of Joint Stock crowdfunding and Royalties, when people support the project in exchange for a share in the business or in its revenues, respectively, they still rely on the interest of the company, its faith in the future and are in constant contact with the creators.
Financial features
The site was designed for the average user, who will be able to intuitively find any information in seconds. This is particularly important when it comes to money. Any investor can view the history of his/her investments and money transfers, income and withdrawals report from the personal account. All funds are legally secured against either the property or land asset and ring fenced away from the company.
MangoPay
All transactions are conducted through MangoPay system. Due to the fact that the systems securely hold funds on e-wallets as long as your chosen project is successfully completed, which guarantees completely safety of your money.
FCA & Financial Security
One of the most important features of the project is obtaining of mandatory confirmation from Financial Conduct Authority (FCA), which provides:
Market confidence: support the credibility of financial system;
Public awareness: Contribution of public understanding of the financial system;
Consumer protection: providing the required level of consumer protection;
Reduction of financial crime: reducing the use of business opportunities for the purposes of financial crime.
To receive the FCA, you have to complete a questionnaire in your profile and to chose the type of investors, who you prefer to be. Also, as a part of FCA process we check people passports with ID3 sytem. Once the person has registered, he/she gets a secure client area which contains all information relevant to the investments including current balance, interest paid and any property details or legal packs. Thanks to the inplace editing option (like on Linkedin), the clint is able to change the personal info on the fly.
Design
The design aims to ease the search and obtain the necessary information, so the site is not overloaded with a large menu and includes only the most necessary pointers. Due to the WYSIWYG editing, you can see the result of your corrections immediately. Moreover, a manager of the web site will be able to create various landing pages in the framework of the same design, but still pretty unique. Color solution of the web site is not irritating to the eyes during prolonged use.
Technology Stack
In the development of this project the following technologies were used: server - PHP, Symfony2 framework, MySQL database engine, server functionality testing - Behat, client (browser) - HTML5, CSS3 и AngularJS, jQuery javascript frameworks.
