London-based StepLadder that helps people buy their first home faster are now crowdfunding

StepLadder, a London-based fintech company that helps first-time buyers raise money through collaborative finance and education, is now offering the public the opportunity to join their mission and become investors through a crowdfunding platform, Seedrs. The company has already raised £3 million from Seedcamp and BBVA Anthemis Venture. StepLadder uses a financial model known as a ‘Rotating Credit and Savings Association’ (ROSCA) to place members into small groups called ‘circles’. Each member contributes an identical amount of money each month, which is then collected into a central pot and awarded to one of the circle’s members by a random draw. This process is repeated every month, allowing members to lend and borrow from one another through P2P lending until all members have received their deposit money.

StepLadder Crowdfunds to Help First-Time Buyers Achieve Homeownership

StepLadder is a London-based fintech company that helps first-time buyers raise money through collaborative finance and education. The company uses a financial model known as a ‘Rotating Credit and Savings Association’ (ROSCA) to place members into small groups called ‘circles’. Each member contributes an identical amount of money each month, which is then collected into a central pot and awarded to one of the circle’s members by a random draw. This process is repeated every month, allowing members to lend and borrow from one another through P2P lending until all members have received their deposit money.

A fintech company that helps first-time buyers raise money through collaborative finance and education.

4 years ago

StepLadder Crowdfunds to Help First-Time Buyers Achieve Homeownership

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