What is SoMo?
SoMo is a real estate crowdfunding platform from United Kingdom. SoMo serves as an online community for investing in real estate debt starting at £5,000, and enables real estate developers to receive funding directly from investors. The investments are denominated in GBP and are available for retail investors. The company behind the platform is Social Money Limited which was founded in 2012 with its headquarters in Altrincham, United Kingdom.
- Minimum Investment
- £5,000
- Projected Returns
- High (9%+)
- Public Statistics
- No
- Mobile Application
- No
- Open to investors
- Yes
- Open to borrowers
- Yes
What does SoMo offer?
At SoMo, you can make GBP-denominated investments starting from £25,000. You can also buy and sell loans on a secondary market.
SoMo discloses statistics about its funded loans on a dedicated public page but does not share its monthly funding volumes with P2PMarketData.
SoMo Details
- Legal Company Name
- Social Money Limited
- Business ID
- 08054296
- Main Currency
- British Pound Sterling (£)
- Headquarters Location
- United Kingdom
- Founded Date
- May 2012