Fintech Focus Roundup For March 27, 2021

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Dan Gilbert-Backed Social Media App Plain Sight Launches Republic Crowdfunding Campaign
Plain Sight, a social media app geared towards in-person networking, has launched a funding marketing campaign on Republic, a strong system for personal investing in pre-seed to pre-IPO corporations.

Benzinga chatted with Plain Sight CEO and founder James Chapman concerning the improvement.

Fintech Spotlight: How Reinno Creates An Intersection Between DeFi And Real Estate

Bitcoin, amongst different cryptocurrencies, lacks a utility element.

That’s in response to Natalia Shirshova, CMO and co-founder at Reinno, a tokenization and lending firm whose core focus is on growing liquidity amongst real-world belongings.

The co-founder mentioned that previous to founding Reinno in 2019, she was a part of conversations with establishments that had been seeking to stage the enjoying subject between private and non-private belongings. Among the matters mentioned was real-estate, the core focus of Reinno’s tokenization and lending efforts, at present.

“We realized that there is much more value in bringing blockchain to real-world assets,” Shirshova mentioned. “Real estate is a wonderful investment because it allows you to preserve value for generations and the prices of real estate increase over time.”

In bridging the hole between liquidity and capital, Reinno created an ecosystem for fractional possession of the actual property.

“You [can] either sell to investors or use the tokens for loans,” the co-founder famous. “In this way, we’re basically bringing more liquidity to commercial real estate owners and investors.”

Prove Acquires Fintech Powerhouse MEDICI Global

Prove, a platform for phone-centric identification authentication, formally introduced its acquisition of MEDICI Global, a high fintech insights and advisory platform.

Miami’s Path To Becoming A Tech Hub, According To TheVentureCity’s CEO: ‘Brainpower Doesn’t Have A Zip Code’

“Thinking of moving to Miami? DM me.”

That’s in response to a tweet from Miami Mayor Francis Suarez that is plastered throughout billboards alongside California. The initiative, sponsored by Reddit co-founder Alexis Ohanian and early Uber Technologies Inc and Airbnb Inc investor Shervin Pishevar, comes as Miami seems to rework itself right into a booming tech hub.

In unpacking why Miami is a vacation spot for these abilities, Benzinga chatted with Laura González-Estéfani, the founder and CEO of TheVentureCity, a global, operator-led enterprise acceleration mannequin designed to make the worldwide entrepreneurial ecosystem extra various, worldwide and accessible to truthful capital.

Fintech Spotlight: ClosingBell Launches API Tracking Retail Trader Sentiment

“I was struggling to find good ways of finding ideas — starting points — to look up and research stocks.”

That’s in response to Weiner, who based ClosingBell in 2014 as a collaborative inventory buying and selling platform that enables individuals a greater option to share their concepts and find out about alternatives within the inventory market.

Through ClosingBell, customers share their buying and selling theses and fee shares. Then, the platform will rank customers’ scores primarily based on the efficiency of their previous inventory picks.

“The whole concept is crowd-sourced stock tips,” the founder mentioned. “I was never really interested in what any one person would say. I really care about what the best people in the group are saying, collectively.”

NYCE Launches ‘Robinhood Of Real Estate’ On App Store

According to some projections, median black wealth—measured by internet price—is projected to drop to $zero by 2053.

Founded by Martin Braithwaite, a soccer participant for FC Barcelona, and Philip Michael, writer of “Real Estate Wealth Hacking: How To 10X Your Net Worth In 18 Months,” NYCE is seeking to mend wealth disparities between totally different courses and demographics.

“The number one driver behind the racial wealth gap is absence of real estate ownership in minority communities,” CEO Philip Michael mentioned, including that NYCE created 2,000+ first-time actual property house owners to this point by means of its two public choices.

Through a newly launched Robinhood-like app, micro-investors can now purchase into actual property for $100.

“Wall Street is speaking a superb recreation and I’d wish to see them truly come by means of with packages that assist construct wealth vs. bathing in charges from non-financially savvy prospects,” he said.

See extra from Benzinga

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