- Fintor announced recently that it raised $2.5 million in a seed round of funding. These are the details.
Fintor announced recently that it raised $2.5 million in a seed round of funding to build out its a fractional real estate investing platform. Investors in Fintor’s Seed round include 500 Startups, Hustle Fund, Graphene Ventures, Manny Khoshbin, Mana Ventures, Cindy Bi, Skyler Fernandes, VU Venture Partners, Minal Hasan, Andrew Zalasin, Alluxo CEO and Founder Safa Mahzari, SquareFoot CEO and Founder Jonathan Wasserstrum, and Teachable CEO and Founder Ankur Nagpal.
Fintor was developed by serial co-founders Farshad Yousefi and Masoud Jalali. Essentially, Fintor “fractionalizes” houses and other residential property, thus enabling people in the U.S. to access investment opportunities in the real estate asset class starting with as little as $5.
The Fintor tech platform would enable each property to have its own offering marketed through the platform, dividing the property into shares, setting a share price, and allowing consumers to invest. And ultimately, the platform intends to enable regular trading opportunities for investors through trading windows, thus creating liquidity for holders while protecting against volatility.
KEY QUOTE:
“At Fintor we hope to foster the next generation of real estate investors, so that you no longer need hundreds of thousands of dollars and industry connections to benefit from owning real estate. We’re building Fintor to open the real estate investing asset class to millions of Millennials and Gen Z’ers who otherwise wouldn’t have a chance, and we’re making it easy to get started in real estate investing with $5 and a smartphone.”
— Fintor Co-Founder and CEO Farshad Yousefi
