Fintech Opens Shale Plays to Investors
Accredited investors looking for shale exposure can do so online
Shale investing is no longer an exclusive club open only to industry insiders. EnergyFunders, which claims to make direct energy investing easy, presents selected and vetted oil projects on a transparent, data-driven platform.
Accredited investors can press a button to buy a stake in a well.
The investor gets paid when the well enters production.
Energy investing no longer restricted to stocks
Houston, Texas-based EnergyFunders was founded in 2013. Projects eligible to list on the platform must come from oil and gas operators with a proven track record and after a thorough internal review.
“EnergyFunders will be the very first online funding platform to finance the development of a shale play through public retail financing,” said Reed Stiles, Vice President of Upstream for EnergyFunders. “Typically, shale play projects could only be accessed by investors who were already very well connected in this space. Even the wealthiest investors would need specific industry connections to get a seat at the table. We’re proud to reach this milestone.”
Tie-up with Rocket Dollar
EnergyFunders is partnering with financial platform Rocket Dollar so that the latter’s members and EnergyFunder investors can roll over a 401(k) or IRA to invest in oil and gas.
Latest Alternative Investment News
FinTech: Klarna’s All-In Efforts To Achieve Profitability Getting Traction
Swedish fintech company Klarna achieved a significant improvement in its financial performance during the first quarter, as it halved its net loss compared to the same period last year. The…
Alternative Investments/AI: Euclidean Technologies Launches ETF For AI-Selected Value Stocks
Seattle-based investment advisor Euclidean Technologies Management has launched its first exchange-traded fund (ETF), the Euclidean Fundamental Value ETF (ECML US). The actively managed US equity fund utilizes artificial intelligence (AI)…
Venture Capital: Matrix Partners Raises $550M For Its Fourth India Fund
Matrix Partners India, a venture capital firm focused on investments in India, has announced the closure of its latest fund, securing over $550 million in commitments. This new fund from…
Artificial Intelligence: AI Helps Researchers Find A Compound To Kill The Drug-Resistant A. baumannii Bacterium
Scientists at MIT and McMaster University have used artificial intelligence (AI) to identify a new antibiotic that can combat drug-resistant infections caused by Acinetobacter baumannii. The bacterium is commonly found…