GROUNDFLOOR Finance Inc.
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GROUNDFLOOR Finance Inc. - overview
Established
2013
Location
Atlanta, GA, US
Primary Industry
Internet
About
GROUNDFLOOR Finance Inc. is a real estate investment platform that specializes in fractional investments, enabling users to engage in real estate debt with minimal entry points and attractive returns. Founded in 2013 in Atlanta, US, GROUNDFLOOR Finance Inc. provides a platform for real estate investment.
The company has closed 9 deals, with the most recent deal occurring on 2022-02-21, when it raised USD 13. 00 mn led by Medipower Public Co. Limited. The company was co-founded by Brian Dally, Jamie Snedden, Jermaine Ijieh, Leutrim Rexhepi, and Nick Bhargava, with Brian Dally also serving as the CEO.
GROUNDFLOOR specializes in fractional real estate investing, offering unique investment opportunities through its Flywheel Portfolio. Investors can participate in real estate debt with a minimum investment of USD 100, aiming for attractive returns historically around 10. 27%. The platform allows users to automatically invest and diversify their funds across real estate loans secured by first-lien positions, catering to both accredited and non-accredited investors across various states in the US, complying with Regulation A.
GROUNDFLOOR generates revenue through interest earned on real estate loans within its portfolio. The platform allows clients to link their bank accounts to invest in available loans, earning a portion of the interest and fees associated with these investments. The company’s model emphasizes a streamlined user experience, particularly with its Auto Investor Account, thus facilitating passive income for investors while managing a diverse portfolio of assets. In February 2022, GROUNDFLOOR Finance Inc.
raised USD 13. 00 mn in venture funding to scale its operations, focusing on customer acquisition and product development. The company is actively expanding its product offerings and aims to enhance its market presence. Specific upcoming products and geographic regions targeted for expansion have not been disclosed, but the utilization of recent funding will support these initiatives.
Current Investors
SeedInvest, Medipower Public Co. Limited, Bandwidth Inc.
Primary Industry
Internet
Sub Industries
Mortgage Banking, Investment Banking, e-Financial, Search Engines, Social Networking & Communication Platform, Web Applications, Accounting/Finance Software
Website
www.groundfloor.us
Verticals
FinTech, FinTech, Mobile Apps, Real Estate Tech
Company Stage
Series A
Total Amount Raised
Subscriber access only
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