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131%
Raised
£395,580
Investors
406
Target
£300,000
Equity
14.15%
Pre-money valuation
£2,400,000

Movem is an online property portal, allowing tenants to review their rental experiences, whilst building their own digital rental profile, known as a Movem Passport. Agents and landlords can pay to instantly download a tenant's full reference, designed to be cheaper, quicker, and less open to fraud.

  • Raised £200k on Crowdcube in August 2016
  • Relaunched in May 2017, reaching 1000 new monthly reviews
  • Movem hosts reviews in over 550 UK towns and cities
  • Shortlisted for 5 business awards in 2017 so far

Idea

Movem is a property portal, allowing tenants to review their rental experiences, whilst building their own digital rental profile, known as a Movem Passport.

Rental properties are often poorly maintained, and there is an obvious need for a more transparent way to differentiate between good and bad agencies, properties, and landlords. Meanwhile, agencies and landlords know very little about prospective tenants and rely on tenant referencing - which can be slow, costly, and highly susceptible to fraud.

On Movem, tenants can review their experiences and build up their own rental profile, which includes recommendations and a unique and instant tenant reference. This is designed to replace traditional referencing, to make the application process quicker, cheaper, and safer for all parties.

By creating this two-sided review platform, we believe Movem is the first property review platform that will be able to authenticate tenancies and provide a fair and trusted rating system. We believe this competitive advantage will provide long-term value above other review sites.

Movem hosts reviews in more than 550 towns and cities around the UK and, since relaunching in May 2017, received 200% monthly growth, reaching 1000 new reviews per month. Movem has also featured heavily in the press, including Forbes, BBC, and ITV, and we have been shortlisted for 5 business awards this year.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Movem has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Enterprise Investment Scheme (EIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 30 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.