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Max Crowdfund, a blockchain-powered real estate crowdfunding platform, announced on Thursday it has expanded its services to New Zealand. The platform will launch in the country under Max Crowdfund NZ Agency Limited.
Max Crowdfund reported that the launch in New Zealand will allow investors to access real estate backed investment opportunities with low entry-level of NZ$100 while granting project developers across the country with access to alternative financing. Max Crowdfund’s Head of Development, Erwin van Kekem, spoke about the launch by stating:
“Max Crowdfund was designed as a global resource for investors and real estate professionals alike. Having achieved proof of concept in Europe, the technology is now ready to be rolled out to other jurisdictions and we are really excited about disrupting the New Zealand property market. Real estate investing has entered a new, digital era. With more people working and making financial moves from home, online platforms such as Max Crowdfund are becoming infinitely more desirable.”
Max Crowdfund NZ Agency Limited’s Director Kirk Pullar, Development Manager at Redwood Group, a New Zealand property developer, added:
“New Zealand is a dynamic forward-thinking country, and we believe eligible investors will catch-on and embrace real estate backed crowdfunding relatively quickly. They are very much going to like what they see, and we look forward to that. Rather than spending months applying for a bank loan that may not be granted, property backed projects of any kind can now apply for funding and/or equity investment, whether people are looking for a few hundred thousand, or a few million dollars.”
As previously reported, Max Crowdfund explained that it allows registered investors to access high-quality real estate investment opportunities in a matter of minutes, from any computer or mobile device, with the security of AML procedures and blockchain technology. The platform is already operational with 75,000 global users. Max Crowdfund achieved Dutch Financial Authorities (AFM) approval to become the first blockchain-powered real estate crowdfunding platform last summer.
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