DomaCom Leading in the Crowdfunding Space

KEY TAKEAWAYS:

• By end of 2017 DomaCom has transacted on 44 properties
• The first crowdfunded farm was acquired in Victoria’s Western District
• The first crowdfunded renewable energy bioHub project was launched in NSW
• A senior’s affordable housing project was launched in Victoria
• A change of Trustee was enacted to enable DomaCom to borrow from normal lenders in 2018
• DomaCom is poised to crowd fund mortgages in 2018
• DomaCom received indicative approval from ASIC to deploy a Senior Equity Release product in 2018
• DomaCom signed an agreement with Moody’s Analytic to provide analysis on the residential market
• DomaCom integrated with IRESS financial planning software to enable greater access to DomaCom by advisers
• DomaCom entered an agreement with Trustee Partners to provide fractional property in their retail super fund
• Fintech Business Awards – DomaCom, Crowdfunding Innovator of the Year 2017

DomaCom continues to lead the fractional investment/crowdfunding sector with new developments expanding the options to both retail and wholesale investors and financial advisers. The company is accommodating an increased interest in impact, or socially responsible, investing in areas like affordable housing, agriculture, renewable energy and social/local infrastructure.

Seniors equity release is poised to launch in 2018 to help potentially hundreds of thousands of asset rich, cash poor seniors extract equity from their home without downsizing. Through an agreement with Prodigy Network, New York DomaCom have opened the potential for Australian crowdfunders to invest overseas, and mortgage lending and corporate bonds are other asset classes that DomaCom is fractionalising in 2018.

About DomaCom Ltd (ASX: DCL)

DomaCom is the first and only ASX listed Fractional Investment Fund in the country, created to provide a better and easier means of investing in a variety of thematic property investments. DomaCom has deployed a model which allows investors to pool together to acquire property assets of their choice in a way that facilitates diversification thereby minimising risk. DomaCom has recently begun direct retail crowdfunding and completed what is believed to be the world’s first crowdfunded rural property. Other thematic investments have recently opened in the affordable housing and energy sectors. The Fund also introduced Property Strategy Models across residential and rural properties and has just received approval to extend its AFSL to include other investment categories such as lending and corporate bonds.

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