2017 marks the start of a momentous year for Yorkshire-based UOWN as they start their fledgling journey in the fintech space. They have been enabled by the backing of Parklane to take great strides in an innovative sector of property investment-crowdfunding.
UOWN is a disruptive new crowd funding platform. It helps everyday people save by investing money together in properties which they own collectively. UOWN tears down barriers to opportunities not usually available to most people. Everyone invested earns a proportionate share of the rent and the capital appreciation, with UOWN being the hub that facilitates the property investment cycle end to end. They are currently expecting to deliver a market leading return of 47% over 5 years.
The founders, Shaan and Haaris Ahmed are the third generation now entering the fold of the family business, both went to prestigious institutions: Haaris to Oxford and Shaan to the London School of Economics. Social responsibility is what fuels their passion to give back to the people that granted those privileges.
Shaan says, “We have a problem in society, we no longer own ‘things’ that either hold or increase their value either by appreciating in price or yielding a financial reward. We want to help change that with the UOWN platform.”
Haaris adds, “I think most people are still really frustrated with the way banks behave, so I want to make things work for the 99% again. The web means we can take on big financial institutions; we can democratise things and beat the big players at their own game.”