PeerStreet, a marketplace for investing in real estate backed loans, is honored to announce that it has been named to the second annual CB Insights Fintech 250 list, a prestigious group of emerging private companies working on groundbreaking financial technology. This comes on the eve of PeerStreets third anniversary of opening to the public. PeerStreet opened to all accredited investors on October 30th, 2016 at Money 20/20, an annual conference which is happening this week in Las Vegas. Both PeerStreet founders Brew Johnson and Brett Crosby are in attendance.
In a few short years, PeerStreet has demonstrated substantial growth and become a dominant force in transforming the real estate investing industry. Thousands of retail customers are actively investing on the platform alongside various major institutions. The inclusion of PeerStreet in CB Insights Fintech 250 List two years in a row further demonstrates the appetite for technology-driven investing solutions.
PeerStreet is being recognized as a leader in real estate investing for the platforms innovative approach to making real estate debt an accessible asset class for retail investors. The loans offered for investment are vetted by private lenders who know their communities well, and then again by PeerStreets own team using big data and market research.
The platform prioritizes a user-friendly interface and offers transparency into the details of each loan and underlying property. PeerStreets $1,000 minimum per investment allows for diversification in real estate investments. PeerStreet also provides added convenience for investors by integrating with personal finance platforms, including Betterment, Wealthfront and Personal Capital, in addition to offering a self-directed IRA for investors seeking the benefits of tax-deferred investing.
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Our goal is to level the playing field between Wall Street and Main Street, and to bring this unique asset class to all investors, both through access as well as ease of investment, said Brett Crosby, co-founder and COO of PeerStreet. We are honored to be recognized by CB Insights on the eve of our third year anniversary of opening to the public, and we look forward to continuing to introduce new and seasoned real estate investors to PeerStreet.
The CB Insights research team selected the Fintech 250 companies based on several factors, including data submitted by each company and their Mosaic Score. The Mosaic Score, based on CB Insights algorithm, measures the overall health and growth potential of private companies. Through this evidence-based, statistically driven approach, the Mosaic Score can help predict a companys momentum, market health and financial viability.
After we named the inaugural Fintech 250 in 2017, they went on to raise $23 billion, including 30 rounds of over $100 million, said CB Insights CEO Anand Sanwal. Twenty-two of the Fintech 250 have already exited with half via IPO. This year, we’ve added 113 new companies to the Fintech 250 using the CB Insights Mosaic algorithm, and the group is broad, covering everything from insurance tech to consumer banking to capital markets tech. We look forward to the success of this year’s group.
PeerStreet is an award-winning investment platform that democratizes access to real estate debt investments. The companys unique technology-driven marketplace enables accredited investors to diversify their capital in a fixed-income asset class that had previously been difficult for individuals to access.
Residential and commercial property loans are sourced from vetted private lenders throughout the United States who have regional real estate expertise and long-term borrower relationships. PeerStreet enables these lenders to expand their lending capital, empowering them to make more loans which flows through to borrowers who in turn improve their local communities, one house at a time. Backed by noted venture capital firms including Andreessen Horowitz, PeerStreet was founded in 2013 and has had over $1 billion invested in loans to date.
The company is led by former real estate attorney Brew Johnson, former Google executive Brett Crosby and Y Combinator alumnus Alex Perelman.
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At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
Jacqueline Gogel, 917-765-8720