Groundfloor – an award-winning alternative investment platform with over $1 billion in investment and repayment volume – announced another year of growth and innovation.
Last year, amidst high rates and housing market headwinds, the company launched multiple first-to-market products, providing investors with more options to invest in real estate-backed alternatives. Due to new product launches, including the Groundfloor 3.0 auto-investing app, the company grew year-over-year revenue by 25% to $26.5 million.
To date, Groundfloor has now surpassed $1.3 billion in retail investment volume and $1.1 billion in investor repayments, underscoring the continued appeal of fractionalized investing.
The additional momentum for 2023 included:
- Surpassed $1.3 billion in retail investments and $1.1 billion in repayments to retail investors since inception
- Amassed 245,000 registered users since inception
- Received $384 million of investments through the Groundfloor platform
- Repaid $330 million to investors across all investment products
- Financed 983 loans nationwide for real estate developers
- Grew by 10.2% in assets under management to $323 million
- Launced Groundfloor Notes for non-accredited investors and innovative new products via Labs by Groundfloor including fractionalized equity, property cashflow advances, and index funds
- Launched the Groundfloor 3.0 Auto-Investor account, now available via a new mobile app
Groundfloor plans to continue scaling this year, with plans to hire for a wide range of product development and operational roles locally in Atlanta and remotely.
KEY QUOTE:
“Self-directed individual investors trust Groundfloor as a source of sensible alternatives to public market securities. Our ten-year track record of delivering high yields with low volatility and unmatched liquidity in single family residential real estate continues. Fractionalization outperforms funds in every way, and now it’s expanding into new use cases and new positions in the capital stack to offer investors more choice and better returns for less risk than ever before.”
– Co-founder and CEO Brian Dally
