Fintor reinvents real estate investing for Millennials

Farshad Yousefi-CEO and cofounder at Fintor
(Farshad Yousefi CEO and cofounder at Fintor)

Fintor, the next-gen fintech company enabling easy access to invest in real estate, raised an additional $6.2M, bringing its total funding to-date to $9M. Notable investors within the round include 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.

Fintor provides the ordinary person the means of diversifying their investment portfolio to include real estate without the hassle it takes to actually own property. Fintor is breaking down barriers with its investing platform by opening access for anyone to invest in real estate the same way everyday investors can take part in stocks and crypto. The platform does this by purchasing rental properties, securitizing the asset, and issuing shares of an LLC that owns a property. Through its proprietary Initial Realty Offering (“IRO”), Fintor launched its first investment properties based in Alabama, Georgia and Tennessee.

“Real estate, as an asset class, is one of the most critical parts in diversifying a person’s portfolio to create robust positioning. 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 cofounder 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.”

Beyond opening access for trading real estate, Fintor encourages users to stay up-to-date on the industry at large through its dedicated in-app newsfeed, The Hub.

“Real estate is a great investment to make, but the hardest aspect of getting started is saving the initial capital and navigating the complex home-buying processes.. Fintor is revolutionizing this asset class by opening access for its users to invest in a market that has historically ostracized young investors,” said Elizabeth Yin, General Partner and cofounder at Hustle Fund.

Fintor was founded by successful entrepreneurs Farshad Yousefi and Masoud Jalali. Masoud who received his Ph.D. in engineering from UC San Diego and Farshad who received his bachelor’s in finance from University of San Diego shared a passion for technology, real estate, and the financial markets. Previously, they built a venture-backed proptech company selling software and hardware to real estate development firms. During that time they constantly discussed building wealth through real estate, but knew that traditional real estate investing was too expensive, complicated, and a poor experience for the investor — thus the idea for Fintor was born.