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Press release content from PR Newswire. The AP news staff was not involved in its creation.

Groundfloor is named to Deloitte’s Technology Fast 500 List for the second straight year

November 18, 2021 GMT
Logo (PRNewsfoto/GROUNDFLOOR)
Logo (PRNewsfoto/GROUNDFLOOR)
Logo (PRNewsfoto/GROUNDFLOOR)

ATLANTA, Nov. 18, 2021 /PRNewswire/ -- Groundfloor, the wealthtech platform that allows everyone to build wealth through real estate, is pleased to announce that it is once again among the fastest growing technology companies in the country. Today, Deloitte revealed that Groundfloor is on its Technology Fast 500 List, which recognizes the most innovative and fastest-growing private tech companies. This marks Groundfloor’s second consecutive appearance on Deloitte’s Fast 500 List, and comes on the heels of another record-breaking quarter for the wealthtech platform. In Q3, Groundfloor achieved $74.3 million in investments, a 21% increase compared to the previous quarter and a 67% increase over Q3 2020. Groundfloor’s newest product, the mobile app Stairs, is also achieving early success, already surpassing $13 million in investments in its first two months.

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“This honor is a tribute to the mass market retail investors who continue to drive our growth as they pour an increasing share of their capital into alternative investments,” said Groundfloor co-founder and CEO Brian Dally. “The early traction with our new mobile app, Stairs, indicates how hungry investors are for flexible, short-term, high-yield offerings. We look forward to continuing to innovate with more to come for the benefit of non-accredited and accredited investors alike.”

Additional Q3 momentum for Groundfloor includes:

  • Releasing 250 loans for funding, resulting in a quarterly record $40.4 million in investments.
  • Issuing over $22.3 million in repayments on 137 properties to investors and $27.0 million in Groundfloor Notes repayments for a total of $49.3 million.
  • Posting a weighted average net annualized return of 9.6% on loans repaid in the quarter net of a loss ratio of just 0.8%.
  • Growing our investor base by nearly 17,000 investors to reach 130,000 total registered users.
  • Surpassing $185 million in year-to-date investment volume and $500 million all-time. In total, Groundfloor has repaid $385.3 million with a yield of 10% since its inception.
  • Securing additional industry recognition from the Inc. 5000 list of fastest-growing companies, Benzinga’s Global Fintech Awards, Atlanta’s TiE Growth and Impact Awards and certification as a 2021 Great Place to Work.

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Groundfloor was founded in 2013 by Dally and Nick Bhargava, who helped to author the JOBS Act of 2012. At the time, Groundfloor was an unknown company with a new concept in a new category. It became the very first issuer qualified by the Securities and Exchange Commission to offer real estate debt investments to accredited and non-accredited investors alike, making it easy for anyone to build an investment portfolio of real estate loans throughout the country. Today, it continues to offer the lowest barriers to entry and the most transparency for all investors who want to invest in real estate-backed securities.

About Groundfloor
Founded in 2013, Groundfloor is an award-winning wealthtech platform that allows everyone to build wealth through real estate. Groundfloor was the first company qualified by the U.S. Securities & Exchange Commission to offer direct real estate debt investments via Regulation A for non-accredited and accredited investors alike. Today, it remains the only product offering everyone the ability to build fully customizable real estate debt portfolios for short-term, high-yield returns. Headquartered in Atlanta, Groundfloor has won numerous awards for its rapid growth and innovation including the Inc. 5000 and Deloitte’s Technology Fast 500. To date, Groundfloor has raised $30 million in equity capital from a variety of sources, including venture capital and online public equity offerings. As of its most recent round of financing, the company is 30 percent customer-owned.

About Stairs by Groundfloor
Created by Groundfloor, Stairs is a new type of investing app that radically reimagines the complicated world of alternative investing. Based on the success of Groundfloor’s platform over its eight-year track record, Stairs leverages high-yield, short-term debt notes to secure your money and deliver an exceptional rate of interest. Through Stairs, investors can earn 4-6% annualized — up to 600 times the interest provided by traditional savings accounts. Investments made through Stairs are not FDIC insured. For more information or to download the Stairs app via StairsApp.com.

MEDIA CONTACT:
Hela Sheth
GROUNDFLOOR
hela@katalystcomms.com

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SOURCE Groundfloor Finance Inc.