Fintor is all set to welcome new investors by raising $9m
Fintor, the next-generation fintech company that facilitates easy access to real estate investment, officially launched its mobile-first platform. The app will be available on both Android and iOS devices. The launch announcement follows the funding extension for the platform when the company added $6.2M in funding to collectively raise $9M.
Public.com, 500 Global, Hustle Fund, Graphene Ventures, angel investors and VU Ventures, including real estate influencer Cindy Bi, Andy Madadian, Manny Khoshbin, and Invitation Homes co-founder Marcus Ridgway are notable investors in the round.
Fintor aims to equip the common investor to diversify their portfolio with real estate without having to deal with the hassles of actually owning property. With its investing platform, Fintor is eliminating barriers by enabling anyone to make real estate investments in the same manner that ordinary investors work with stocks and cryptocurrencies. In order to achieve this, the company buys rental units, securitizes the property, and issues stocks of an LLC that holds the property. Fintor introduced its initial investment properties in Alabama, Tennessee and Georgia through its unique Initial Realty Offering (IRO).
Fintor satisfies all requirements for Regulatory A status as set forth by the U.S. Securities and Exchange Commission (SEC). Due to this strategic position, the company can support quasi-investors who were conventionally barred from investing in real estate. Thanks to this qualification, Fintor hopes to attract first-time investors from GenZ towards its platform.
Real estate is seen as a vital financial asset when it comes to expanding one’s investment portfolio. Most Gen-Zers and Millennials haven’t paid much attention to real estate investments since they know how challenging it can be to source sufficient funds and manage the complicated process of actually investing in the real estate market. This should not be that challenging. “And this is why Fintor was born”, explained Farshad Yousefi, CEO and co-founder, Fintor. More importantly, for people who are new to trading and want to make a wise investment in an investment market that wasn’t available in the past to them, Fintor is on a mission to not just democratise but also simplify the real estate market, he further added.
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