The top three fastest growing fintech firms in the US
This week, Inc released its annual list of the 5,000 fastest growing companies in the US. Check out the three fastest growing fintech firms in the country.YieldStreet
Founded in 2015, YieldStreet is a New York-based fintech startup aimed at democratising investment opportunities in non-traditional markets like real estate, marine/shipping, legal finance, commercial loans and more.
Company founder Milind Mehere is a successful tech entrepreneur who was seeking investment opportunities outside of the stock market that had real collateral and attractive yields.
He reportedly soon realized that asset-based investments in asset classes like litigation and real estate were nearly impossible for an accredited investor like himself to access. These investments were dominated by institutions with high minimums and long holding periods that shut out everyday investors.
YieldStreet’s solution to this accessibility problem is its platform that connects accredited investors to asset-based investment opportunities across multiple asset classes
, and provides deserving borrowers with affordable capital.
The startup raised $62mn in a Series B funding round in February 2019, which will reportedly be used to expand the platform and lower the bar even further for investors. According to Inc, YieldStreet grew by 10.562% over the past three years, making it the 14th-fastest growing company in the US.