The UK’s largest property networking group ‘property investors network’ (pin) has agreed a US $15m buyout by the Genius Group.
The company, founded by Simon Zutshi in 2003, connects new and experienced property investors to share their knowledge and experience, with monthly ‘pin’ meetings in 50 cities across the country.
Zutshi, who will remain CEO of the company following the acquisition, says: “With property investors network having consolidated its market leading position in the UK over nearly two decades, I look forward to working with Roger Hamilton and the team at Genius Group to leverage this success within the global market to empower property entrepreneurs all over the world.”
Roger James Hamilton, Founder & CEO of Genius Group, says: “The COVID-19 crisis has resulted in record job losses and bankruptcies. However, we are also seeing many small business owners and investors finding opportunity and growth in the crisis. We share pin’s mission of providing education and resources to business owners and investors at a time when people need it most.”
Following the acquisition, Genius Group and property investors network will expand its monthly pin meetings to many of the 20,345 cities in which Genius Group has students. It will also provide financial literacy and property investing courses to students through Genius Group’s secondary school and university programmes, as well as the GeniusU edtech platform.