Nadya Eka Lestari
TechInAfrica — South Africa blockchain startup, DoshEx, has newly launched DoshProp, a new property investment crowdfunding service that allows ordinary South Africans to invest in property. The startup offers investors a 20% return over 18 months to 24 months in Australian property development.
In a statement, DoshEx CEO Alex de Bruyn, said that The Paradiso, to be constructed in the upmarket Como district of Perth in Western Australia, promises a 20% return on investment over 18 to 24 months.
The startup also offers DoshEx users the chance to invest in a luxury apartment complex for only R100 per share.
“However, shares are limited and are expected to be snapped up when the offer is released to global traders on 1 November,” he said.
The investment is conducted through a publicly registered South African company, Paradiso COMO Limited, the public can avoid the constraints of South Africa foreign exchange regulations.
De Bruyn said that the fund is hosted on blockchain trading technology, “which is immutable and tamper-resistant”.
Additionally, DoshEx will also be working alongside Edgars Club to bring DoshProp to more than 400,000 members.
“The retail giant has recognized the potential in offering its customers this innovative approach to inclusive wealth creation. Plus, Club members will enjoy additional rewards,” he said.
The startup, which based in Johannesburg, launched its exchange platform in August last year. The platform is focused on helping those the startup helps to develop cryptocurrency and blockchain solutions to buy and sell digital tokens.
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The startup raised investment from Australia-based South African angel investors at an undisclosed amount in return for a 20% stake in the company.
He also added that so far the company has received “quite a lot” of interest since announcing the new investment offering on Sunday. Most of the interest had come from fund managers that look after investments for those who are not high net-worth individuals, he added.
Source: ventureburn.com
