Fintor, a Palo Alto, CA-based fintech company enabling access to invest in real estate, raised an additional $6.2m bringing its total funding to-date to $9m.
Backers included Public.com, Hustle Fund, 500 Global, VU Ventures, Graphene Ventures and angel investors, including real estate influencer Manny Khoshbin, Andy Madadian, Cindy Bi and Marcus Ridgway, co-founder of Invitation Homes.
The additional funding will further allow the company to continue growing its user base while expanding its number of investment properties.
Founded by entrepreneurs Farshad Yousefi and Masoud Jalali, Fintor is a mobile real estate investing platform that allows users to buy and sell fractional shares of real estate properties. Fintor users can download the app on either iOS or Android to create their account. Once verified, users can start investing in a Fintor property under the IRO with as little as $5 and no surprise user fees. Users can buy and sell the shares of an investment property, similar to how assets are traded on the public markets. Shareholders of a property will receive monthly dividends (or passive income) from the rental income and benefit overtime from the appreciation of the property.
The company today announced the launch of its mobile-first platform on both iOS and Android devices.
FinSMEs
06/10/2022