News Corp backs Bricklet raise

The fintech will be looking to use its capital raise to further scale the platform by investing in branding and marketing activity.

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The company has progressed rapidly from being a concept in the last 18 months, when it refined its platform according to Bricklet chief executive Darren Younger.

To date, the platform has sold $15 million worth in property units, or Bricklets, as it calls them.

“[Developing the platform] has included making bricklets accessible to all Australians, launching a buy now pay later option and partnering with developers to bring high-quality property onto the platform,” Mr Younger said.

“Having proven the commercial viability of our model, we now need to get the word out to all Australians.”

Bricklet’s original investors, Lakeba, Mirvac, Stockland and MiHubb have continued to invest in the latest round.