hantsowl
Member of DD Central
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Post by hantsowl on Apr 30, 2020 9:23:32 GMT
Looks like today's offering went to a select few investors. Neither of my accounts picked up anything with autoinvest. I thought there had been a move to spread smaller amounts across more investors? I am not impressed. CrowdProperty Representative
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Post by CrowdProperty Representative on Apr 30, 2020 10:05:47 GMT
Hi hantsowl,
Many thanks for getting in touch.
Before this morning’s project went live for funding, as always, it was set up with the usual AutoInvest allocation. Unfortunately, at the point this project was put live there was a code clash (caused by the hard work we have been doing on AutoReinvest alongside repayments made yesterday) meaning that AutoInvest, regrettably, did not run and the project was filled very quickly with Self Select investors.
We completely appreciate the frustration and inconvenience caused by this. AutoInvest was set up over a year ago to ensure more lenders were able to invest in each and every project and this is the first time it has not successfully run, for which we apologise.
The clash has been identified and fixed so this will not happen for future projects. We have a strong pipeline of thoroughly due diligenced projects and are launching two next week - we will ensure there is an ample AutoInvest allocation to make up for this.
Again, we apologies for the frustration caused.
Kind regards,
The CrowdProperty Team
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