FinTech: Alternative Investments Platform Yieldstreet Funded Over $2 Billion
Yieldstreet offers ordinary investors a seat at the table previously reserved for the ultra-wealthy.
Yieldstreet offers retail investors the opportunity to invest in alternative asset classes such as real estate, marine, art, legal finance, and commercial lending. Products are offered across a range of various yields, durations, and minimums after specialized teams evaluate each opportunity within their respective asset class. According to the company, investors earn a passive income while diversifying their portfolios. The platform has topped $2 billion in deals funded while returning over $1 billion to investors. (CROWDFUND INSIDER)
Retail investors are interested in alternatives
“Today they not only want but need to build income-generating investment portfolios to help ensure financial flexibility and are simply looking for access to what only the ultra-wealthy have enjoyed,” said Milind Mehere, founder and CEO of Yieldstreet, referring to the response from ordinary investors. “With Yieldstreet, for as little as $1,000, we’re delivering that access.”
Indeed, investors have earned an annualized internal rate of return for investors of more than 11% from the platform, and that over 300,000 people have joined to date.
Led by the real estate sector at $450 million, the platform has funded over $200 million in each of five different asset classes.
June funding
In June Yieldstreet raised $100 million in a Series C round led by Tarsadia Investments.
The pandemic triggered massive growth for Yieldstreet because people reflected more profoundly on what to do with their money. “What you saw with Covid really pulled people year and years and years ahead of when they would otherwise adopt digital investing,” said Co-founder and President Michael Weisz to CNBC at the time.
Commenting on the platform’s current growth trajectory, Mehere said: “You can expect to hear plenty about new investment options, asset classes, and hitting additional major milestones as our growth continues to accelerate.”
Related Story: YieldStreet, Which Brings Private Investing To Retail, Raises $100M
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