The contestants, several of which are powered by AI, offer 3D-printed homes, a tool to identify at-risk homes and mortgage loan readiness assistance, among other products.
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Hey everyone! 🎉 Big news! So, in just 2 months: I joined an awesome fintech startup called Ownible as the Chief Customer Officer and… - We got our first round of funding! 💸 - We’re busy building our platform as I write this post. 🛠️ - We're aiming to launch our online platform by July 1, 2024! 🗓️ - 170+ sellers and buyers have signed up to learn more It’s been super busy, but so freaking thrilling. Plus, it's a bonus that I get to build this alongside my close friend Jordan DiGiacomo More updates coming. P.S. Here is how we’ll help people just like you: #Ownible #RealEstate #StartUp #ComingSoon
How It Works | Ownible.co
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Thanks to MyBrix you can buy property with a little help from your friends (and family) #proptech #australianproptech #propertytechnology #proptechnews #property #realestate #propertynews #realestatenews #australianproperty #australianfintech #fintech #fintechnews #startups #startupnews #australianstartups
Buy property with a little help from your friends (and family) - Australian FinTech
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As 2023 draws to a close I think all in all this year has been a solid year for SpriveApp 📈 I'd like to take this moment to thanks the team for their hard work and i'm looking forward to 2024 🚀 Here's an article sharing just a few of the highlights 👇 https://lnkd.in/eYZgHSg7 #fintech #innovation #entrepreneurship
Sprive - A look back at 2023
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Thanks to MyBrix you can buy property with a little help from your friends (and family) #proptech #australianproptech #propertytechnology #proptechnews #property #realestate #propertynews #realestatenews #australianproperty #australianfintech #fintech #fintechnews #startups #startupnews #australianstartups
Buy property with a little help from your friends (and family) - PropTech News
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Introducing our latest #FacesofFounders, William Tang is the Co-Founder and CEO at Homeslice, Canada’s premier secondary mortgage marketplace; the first curated, centralized hub for mortgage buyers and sellers to transact efficiently. As a first generation Canadian; William shattered his parent’s dreams for him to become a doctor or lawyer when he shared that he wanted to start a business instead! After building a 250+ employee SaaS & services business in Automotive that was shattered by a bad financing round, and a short stint as COO of another Automotive startup, he came full circle to combine technology and his love and deep experience in real estate from early in his career to create Homeslice. William told us, ‘Most people who have higher risk appetites are the ones who take the dive in becoming a Founder, but it's actually the opposite mindset in systematically eliminating risk and having great risk management that allows you to become a successful Founder.’ Would you agree with this statement? #VanTech #techcommunity #vancouverTech #investmentsummit #VentureCapital #PitchCompetition #Technology #Innovation #AngelInvesting #Tech #Investment #Canada #startup #BCTech #vancouver #vtj #vancouvertech #yvr #cdntech #vancity #squamishlife #squamishbusiness #downtownsquamish #squamishbusinessnetwork
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PropTech business models to look up to The Covid-19 pandemic has accelerated the demand for innovative digital solutions, particularly in the realm of property management. As face-to-face interactions are limited, tech-driven platforms have become essential for streamlining processes and enhancing efficiency in the industry. When considering launching a PropTech startup, exploring successful business models is crucial. One such model is the Mortgage Marketplace, revolutionizing the home loan process. Traditionally complex and time-consuming, this technology simplifies loan procedures, offering users enhanced convenience and accessibility. Platforms like Morty empower customers by providing tailored loan options aligned with their financial status and property specifics. By offering a seamless experience, Morty ensures clients can make informed decisions about their mortgage choices. Morty's innovative approach not only eliminates cumbersome procedures but also personalizes loan options for customers. Through features like price and rate comparisons, clients can navigate the loan market with ease. With Morty charging a percentage off the principal, the platform prioritizes user experience and financial empowerment in the borrowing journey. Follow Antonio Harrison on LinkedIn for more updates. #innovation #management #digitalmarketing #technology #creativity #futurism #startups #marketing #socialmedia #socialnetworking #motivation
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💪Think positive – Be different 💪 Co-Investor / Advisor / Fundraising / Business Development / Professional Investment Network / Focused on FinTech, AgTech, AI, Drones, Robotics, Environmental & Energy Issues
A credit card backed by your home, while not common as a financial product, can be analyzed through the lens of similar products like HELOCs and home equity loans. Here are the key considerations to determine whether this concept is a good idea: Advantages Lower Interest Rates: Secured by your home, such a credit card would likely offer lower interest rates compared to traditional unsecured credit cards. Higher Credit Limits: With the security of your home equity, lenders might offer higher credit limits. Potential Tax Benefits: Interest paid on home equity loans or lines of credit might be tax-deductible if used for home improvements (consult a tax advisor for specifics). Flexible Access to Funds: Similar to a HELOC, this product could offer flexibility in borrowing and repayment, providing funds as needed. Disadvantages Risk of Foreclosure: The most significant risk is losing your home if you default on the payments. This makes it a high-stakes financial product. Variable Interest Rates: If the credit card operates similarly to a HELOC, it might have variable interest rates, which can increase over time and lead to higher payments. Fees and Costs: There may be closing costs, appraisal fees, and other charges associated with securing the line of credit against your home. Debt Cycle: Access to a large amount of credit can lead to excessive spending and debt accumulation, which can be risky if not managed carefully. Impact on Home Equity: Borrowing against your home reduces the equity you have in your home, which can affect your financial stability and future borrowing power. When It Might Be a Good Idea Stable and Predictable Income: If you have a stable income and are confident in your ability to manage the payments, the lower interest rates can be beneficial. Debt Consolidation: If you have high-interest debt, using this lower-interest credit could help in consolidating and paying off debt more efficiently. Home Improvements: Using the funds for home improvements can increase your property value, making it a strategic investment. When It Might Not Be a Good Idea Unstable Income: If your income is unstable or you foresee potential financial difficulties, the risk of losing your home outweighs the benefits. High Spending Habits: If you tend to carry high credit card balances or struggle with debt management, putting your home at risk can lead to severe consequences. Conclusion Whether a credit card backed by your home is a good idea depends on your financial situation, risk tolerance, and ability to manage debt. It can offer benefits like lower interest rates and higher credit limits, but the risk of foreclosure is a serious consideration. It is crucial to carefully evaluate your financial health and consult with a financial advisor to determine if this approach aligns with your long-term financial goals. https://lnkd.in/erpprV9T
Inside Fintech's Newest Unicorn: A Credit Card Backed By Your Home
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#Venture capital suffers from the same deployment of uniform risk that was discovered in the mortgage crisis. https://lnkd.in/e-epi6-v #ILPA #Limitedpartners #Meritocracy #PPM #Privateequity #RiskManagement #RiskProfile #SandHillRoad #SiliconValley #Subprime #VentureCapital #VinodKhosla
Subprime Venture Capital
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The 50 bps Rate Cut: What It Means for Businesses and Consumers The recent 50 basis point rate cut offers potential opportunities and challenges for both businesses and consumers. For American first-time homebuyers, it’s hard to imagine the double-digit interest rates that persisted through the 1980s, or even the 8% rates of the late 1990s. By contrast, the post-2008 financial crash ushered in a decade of historically low interest rates. In the past 40 years, we’ve seen over 2,000 basis points of movement in interest rates (H. Marks, Navigating the Sea Change). While today’s rates aren’t far off long-term historical averages, it seems unlikely that the Federal Reserve will return to the ultra-low rates of the 2010s absent another major crisis. Despite the shift, there’s still a significant amount of capital waiting on the sidelines—private equity firms, tech giants, and cash-heavy players like Berkshire Hathaway. As rates come down, we may see more aggressive acquisition strategies, but the question remains: Will these rate cuts drive deal volume? It’s unlikely that investors will see the absurdly cheap financing available in the post-2008 era. While deal activity may increase, the kind of leverage we saw during the last cycle of falling interest rates may not reappear. We explore a variety of topics at our publication @ The Savvy Startup Advisor. Do check it out to explore more about corporate development, market trends, and related topics: https://lnkd.in/dMnreX6S
The Savvy Startup Advisor | Kevin Davis | Substack
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Holo, a UAE-based proptech startup, has just raised an oversubscribed pre-Series A funding round, marking a pivotal moment in the region's real estate landscape. This fundraising success highlights Holo's potential to disrupt the traditional mortgage market with its innovative digital platform. Key Highlights: 🔹 Strong Investor Backing: The funding round was led by Aditum Investment Management Limited, Oryx Fund, and @DFDF. Notably, Oryx Fund, making its third investment in Holo, underscores strong confidence in the company's vision. 🔹 Innovative Technology: Founded in 2020, Holo is transforming the home-buying process through automation and AI, offering a seamless and efficient digital mortgage service. This technology addresses the region's need for modernized, user-friendly mortgage solutions. 🔹 Expansion Plans: With the new funds, Holo aims to strengthen its presence in the UAE, expand its team, and enter other GCC markets, starting with Saudi Arabia. The company will also enhance its platforms, including direct-to-customer services, agent apps, and internal systems. Vision for the Future: Michael Hunter CeMAP, CEO & Co-Founder: "Our mission has always been to enable the ecosystem and build a robust platform for home buyers, a value we have consistently upheld." Arran Summerhill, COO & Co-Founder: "We are focusing on multiple platforms designed for regional deployment, targeting the MENA region to significantly impact the growing property markets." With its cutting-edge technology, strong investor support, and strategic expansion plans, Holo is set to reshape the mortgage industry in the Middle East, making homeownership more accessible and efficient for everyone. Michael Hunter CeMAP, Arran Summerhill How does Holo plan to address the unique challenges of expanding its digital mortgage platform into new GCC markets like Saudi Arabia, and what strategies will you implement to ensure a seamless transition and adoption? Clones of your article in different languages thanks for our partners Glocal SEO Platform 2024 | EN.Gloc.al International Search Engine Optimization & SEO For Startups : Clones of your article in different languages: https://lnkd.in/dQHA-Xum https://lnkd.in/dksM_ymN German https://lnkd.in/dmrzAu7g French https://lnkd.in/dT3q3J77 Russian https://lnkd.in/dxqEzui6 Chinese #uae #mena #fintech #Crunchbase #in5 #dic #DubaiInternetCity #technology #b2b #startups #software #Entrepreneurship #development #funding #project #environment #investment #opportunities #analytics #stockmarket #Networking #glocal #mentorship #ceo #socialentrepreneurs Aleksei Dolgikh, Olga Nayda, Pavel Afonin, Olga Odemchouk Medvedeva, Vitalii Minka, Vasilii Zakharov, Shokhrukh Tursunbaev
Investors Bet Big on Holo: Pre-Series A Funding Round Oversubscribed for UAE Proptech Startup
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