Human beings have proven themselves to be good at so many different things, and yet the greatest ability in our tank is the one that allows us to get better on a consistent basis. This ability has notably allowed us to hit upon some huge milestones, with technology appearing as a major member of the stated group. The reason why technology enjoys such a high stature in our lives is predicated upon its unique skill-set, which introduced the world to a reality that we couldn’t have possibly imagined otherwise. Nevertheless, once you dig a little deeper, it becomes clear how the whole runner was also inspired by the way we applied those skills in a real-world setting. The latter component was, in fact, what gave the creation a spectrum-wide presence, and consequentially, kickstarted a tech revolution. This revolution will go on to scale up the human experience from every conceivable direction, but even after achieving something so monumental, technology will somehow continue bringing all the right goods to the table. This has only turned more evident on the back of our recent progression, and a new funding does a lot to keep that trend alive.
Fintor, a fintech startup making it easier for non-accredited investors to invest in real estate properties, has successfully secured over $6.2 million in an extension funding round, and it has done so at an $80 million valuation. Founded in 2021, Fintor started out with an intention to democratize real estate for young users who find this space unaffordable, and therefore quite hard to access. Fair enough, the company’s platform solves the problem by letting you invest in properties for as little as $5. But how does the whole operation work? Well, you can start investing as soon as your account on Fintor’s official app is verified. Notably enough, though, the format of investing is slightly different here. Instead of forcing people to buy the whole property, Fintor allows them to treat it like stocks. So, this way the user is able to buy and sell shares in an investment property. Furthermore, the shareholders of a property will receive monthly dividends (or passive income) from the rental income and benefit overtime from the appreciation of the property. Nevertheless, as the bid is to even out our real estate prospects, no user can invest in more than 10% of the total property value of each asset.
“We know first-hand just how hard it can be to secure enough funds and navigate the complex process to start investing in real estate, which is why most Millennials and Gen-Zers haven’t considered investing in real estate. It shouldn’t be this difficult. This is why we’re building Fintor,” said Farshad Yousefi, CEO and co-founder at Fintor. “We’re on a mission to not only democratize but demystify the real estate market for individuals who are new to investing and looking to make a smart investment in an asset class that previously wasn’t available to these novice investors.”
Make no mistake; Fintor isn’t the only company that has been trying to democratize real estate, but what sets it apart is its unequivocal focus on content promoting real estate literacy, which is specifically targeted to the Gen Zs and millennials. To uphold this ambition, the company’s app even has a dedicated newsfeed, walkthroughs, and educational modules that teach users how to analyze real estate deals
At the moment, Fintor offers shares in single-family residences across states like Georgia, South Carolina, Texas, and Alabama. However, it plans to enter 20 new markets by the end of 2022.