The HiP Journey so far and roadmap
Join Ben – Chief Operating Officer – as he discusses the HiP roadmap from concept inception through to future product release.
*Our FCA Licence is under review whilst we work towards being live and public at the end of 2018.
HiP’s journey so far
The first iteration of the HiP concept was conceived over four years ago by Kai Peeters, our CEO and Founder.
At that time the world was only just starting to recover from the financial crisis of 2008 – the catalyst of which was the real estate sub-prime market crash.
As a serial innovator and entrepreneur, Kai was naturally attracted to understanding whether we had learnt from what had gone before and whether the real estate markets had changed as a result.
What Kai discovered was a simple truth – that what was at the very root of the sub prime crash was still very much in evidence – big financial institutions treating real estate (the homes we live in) as an abstract quantity, a set of figures on a spreadsheet. An industry where big money still ruled and where an institutionalised debt culture is still very much embedded in the collective psyche.
A system that served the few and was inaccessible to many
Although he didn’t realize it at the time, what Kai found would be the beginning of a journey. A journey that would reimagine how real estate can be financed – in a fairer more accessible way through an open ecosystem housing an interactive debt and equity trading exchange.
Some key steps along the way include:
Being granted world first permissions from the Financial Conduct Authority in the UK*. This was after an extensive sandbox application and allows the trading of debt and equity on a contract rather than individual SPV’s – these new regulatory permissions essentially enable scalability to the HiP proposition.
Hiring a core team – now over 20 people and counting – of experts in the crypto space, real estate market analysts, a team to build the trading exchange, a full in house marketing and production team – a team structure which enables a product launch towards the end of 2018.
The journey has also been a literal one with Kai travelling the world presenting the HiP philosophy , in 7 countries in 21 days.
And during the next few weeks will be releasing an in depth product prototype, with onboarding of people and properties beginning in October.
Post the token sale the roadmap focuses on developing the product to take it to market by the end of this year.
The culmination of this is ultimately developing a concept that turns how real estate is financed on its head. A concept that democratises real estate ownership, a concept that challenges the current debt culture and a concept that makes real estate more accessible, more flexible and more fluid.
The concept is HiP
So download our Whitepaper, join our mailing list, get in contact, join one of our investor meetings and see how you can be part of the change.
WHAT WE AIM TO DO
HiP is the NEW Way
to finance property
Creating affordable financing packages
HiP will change the way property wealth can be accessed and afforded, opening the world of real estate to many more buyers, owners and investors.
Releasing value from their assets
HiP offers a first for home owners, developers, investors and buyers enabling them to take control of their property and the wealth within it.
Offering investment flexibility in high-yield property markets
The property market excludes a large part of the community from being able to buy and invest. HiP unlocks this investment market for all.
Initially, HiP Will revolutionise the world of property for four major markets within this sector:
FIRST TIME BUYERS
“A record number of first time buyers must find at least £500,000 to get a foothold on the housing ladder in London.” - London Evening Standard, 15th December 2017
Although HiP is not just about London, this headline tells a sad story. Combined with an average £80,000 debt for University graduates in the UK and we have a major social problem. HiP will help solve this by allowing investors to participate in first time buyers' home ownership, bringing the barriers to entry far lower than ever conceived possible before.
To release equity in a property today can only be achieved by either selling it entirely or taking out further debt. Having to pay interest to access wealth that already belongs to you is a deeply flawed model.
HiP will allow people to release equity into their own property bank account on the HiP platform; in multiple currencies and without incurring further debt or moving out of their home.
BUY TO LET LANDLORDS
HiP will allow buy-to-let investors to leverage their entire portfolio to expand their portfolios faster, cheaper and more efficiently.
The HiP platform allows investors to choose from multiple opportunities with incredible flexibility.