Fundrise is promoting investment in its Fundrise Starter Portfolio; minimum investment is $500 with a 9.25% annual dividend yield and no advisory fees; the Fundrise Starter Portfolio includes investment in the Fundrise Income eREIT and Growth eREIT. Source
Fundrise has announced a Regulation A investment offering of Rise Companies Corp. which is the parent company of the investment platform Fundrise, LLC; the campaign is currently in a solicitation phase which its website says has generated interest of over $58 million from more than 4,350 users; the investment offering circular was initially filed with the Securities and Exchange Commission on December 29, 2016; some details from the most recent amended offering circular include the following: offering of one million shares of Class B non-voting common stock, offer and sale of the shares is limited to investors who have purchased investments on the Fundrise platform. Source
Real estate crowdfunder, Fundrise, has made its investment division into an independent company, RSE Capital Partners; the goal was to separate and focus on the two functions of capital raising - via Fundrise with its eReit platform - and capital providing to real estate projects; RSE will focus on financing real estate deals from $20 million to $100 million, while they examine ways to make terms more flexible. Source
U.S. banking regulators have made new proposals that would allow for banks to take stakes in venture capital and loan...
Galileo launched a beta of Galileo Instant last year and this week they are releasing it into the wild with...
Prepaid card manager Galileo Processing has developed a white label digital banking product exclusively for financial advisors; the bank accounts...
This week’s PeerIQ Industry Update covers the upwards revision of U.S. GDP growth to 2.9 percent from 2.5 percent; they provide a sneak peek into the PeerIQ Credit Facility Management Suite; Prosper announced 2017 results, former Avant founder John Sun raised $15mn for a new startup and the Arizona AG helped start the first fintech sandbox in a U.S. state in Arizona; Citi is building out their mobile app as the push by incumbent banks into digital becomes bigger. Source.
There was an analysis done in 2017 showing that 2 percent of VC capital went to startups founded by women...
According to a recent Wall Street Journal report, costs associated with rewards credit cards increased an average of 15 percent during the...
Today Genesis released their Digital Asset Lending Snapshot for Q4 2019; according to the press release: “The quarter was the...