13 March 2017
As key professional in the Qatar real estate industry gather for the annual Cityscape exhibition in Doha, MercyCrowd, a brand new type of property crowdfunding platform, will offer for the first time to people in Qatar international real estate purchases through crowdfunding.
Equity crowdfunding is where individuals invest in an unlisted in exchange for shares in that company and is a way to match companies who need funding with individuals who wish to invest. Investors become shareholders and have partial ownership of a company.
MercyCrowd is part of the Elite International Asset Group, an established international company promoting real estate investment in Europe with a specialty in the French and UK market. However, what makes MercyCrowd uniquely different is the company’s core belief that sustainable growth can only stem from real assets that generate real increments and tangible benefits to a society.
“Finance in today’s world is understood as being synonymous with debt, interest and injustice. We believe that an alternative is possible to the present financial intermediation system” says Anouar Adham, CEO, Elite International Asset Group.
“MercyCrowd actively promotes donations and we are committed donating a percentage of our profits to charities on an annual basis.”
MercyCrowd will enable people to invest in Europe via its crowdfunding platform making international real estate investment easy to access and 100% equity based. It aims to provide a hassle free service, making the purchasing and letting a smooth process within a highly secure environment. The company is FCA regulated and has some of the lowest fees on the market.
Importantly, the investment entry level is highly accessible – from as little at 50EUR/GBP, making crowdfunding a uniquely via option for those looking to purchase their homes or seeking an ethical investment option.
Mr. Adham is confident that MercyCrowd fullfils an untapped gap in the Middle East market. “Real Estate crowdfunding is one of the fastest growing alternatives to bank funding. We are confident that our debt-free approach will have enormous appeal and expect to generate a business of US$100m within the next 3 – 5 years.”
© Press Release 2017