About Piece

Piece is a platform that enables fractional investment in rented properties, allowing users to purchase shares starting from €10 and earn monthly rental income. This model provides a solution for individuals seeking to diversify their investment portfolios while benefiting from both immediate cash flow and potential long-term property appreciation.

```xml <problem> Many individuals lack the capital or desire to manage entire rental properties, limiting their access to the real estate market and its potential for passive income and long-term appreciation. Traditional real estate investment often requires significant upfront investment and ongoing management responsibilities. </problem> <solution> Piece provides a platform for fractional real estate investment, enabling users to purchase shares in pre-rented properties with investments starting from €10. This model allows individuals to diversify their investment portfolios and benefit from monthly rental income and potential long-term property appreciation without the burdens of property management. Piece selects properties, finds tenants, and manages the properties on behalf of the investors. Investors can monitor their investments and request distribution of accrued dividends quarterly. </solution> <features> - Fractional ownership of pre-rented properties starting from €10 - Monthly rental income distributed quarterly after certification by an external accountant - Diversification across multiple real estate assets - Property selection, tenant management, and maintenance handled by Piece - Online platform to browse properties, invest, and track performance - Withholding tax applied to distributable cash, simplifying tax declaration - Minimum holding period of 12 months before selling shares </features> <target_audience> Piece targets individuals seeking to diversify their investment portfolios with real estate, particularly those with limited capital or those who prefer a passive, hands-off investment approach. </target_audience> <revenue_model> Piece generates revenue through fees associated with property management and potentially through transaction fees when peer-to-peer trading is enabled on the platform. </revenue_model> ```

What does Piece do?

Where is Piece located?

Piece is based in Lugano, Switzerland.

When was Piece founded?

Piece was founded in 2023.

How much funding has Piece raised?

Piece has raised 709600.

Location

Lugano, Switzerland

Founded

2023

Funding

709600

Employees

9 employees

Major Investors

Novaterra

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Piece

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Executive Summary

getpiece.app 1K+

Crunchbase

Founded 2023 – Lugano, Switzerland

Funding

Estimated Funding

$500K+

Major Investors

Novaterra

Team (5+)

No team information available.

Company Description

Problem

Many individuals lack the capital or desire to manage entire rental properties, limiting their access to the real estate market and its potential for passive income and long-term appreciation. Traditional real estate investment often requires significant upfront investment and ongoing management responsibilities.

Solution

Piece provides a platform for fractional real estate investment, enabling users to purchase shares in pre-rented properties with investments starting from €10. This model allows individuals to diversify their investment portfolios and benefit from monthly rental income and potential long-term property appreciation without the burdens of property management. Piece selects properties, finds tenants, and manages the properties on behalf of the investors. Investors can monitor their investments and request distribution of accrued dividends quarterly.

Features

Fractional ownership of pre-rented properties starting from €10

Monthly rental income distributed quarterly after certification by an external accountant

Diversification across multiple real estate assets

Property selection, tenant management, and maintenance handled by Piece

Online platform to browse properties, invest, and track performance

Withholding tax applied to distributable cash, simplifying tax declaration

Minimum holding period of 12 months before selling shares

Target Audience

Piece targets individuals seeking to diversify their investment portfolios with real estate, particularly those with limited capital or those who prefer a passive, hands-off investment approach.

Revenue Model

Piece generates revenue through fees associated with property management and potentially through transaction fees when peer-to-peer trading is enabled on the platform.