Today, I am excited to share some big news about AlphaFlow! As you may have seen us announce in Bloomberg , AlphaFlow has closed our $4.1 million venture capital seed round with a group of incredible investors from both the technology and traditional finance worlds.
The round was led by Resolute Ventures and Point72 Ventures, the venture arm of Steve Cohen’s Point72 Asset Management. It also included participation from distinguished firms like Social Capital, Upside Partnership, and Red Swan Ventures.
Last March, we launched the first automated real estate investment platform. Today, within days of receiving an investment, we’re typically able to place our clients into unique portfolios of 80+ loans across 20+ states. That’s not an improvement on the industry. That’s absolutely reinventing real estate investing. Our company has embraced a culture of credit over volume, which has resulted in a default rate roughly 50% of what we typically see in the industry.
Building a Fintech company that truly changes the investment world requires you to both harness technology and leverage the capital markets. With that tremendous challenge in mind, it’s hard to have better partners than we have brought together here. When groups with the financial and investment expertise of Point72 break down your business and ultimately decide to invest, it’s not only great validation but also a chance to work with some of the industry’s sharpest minds who will improve every piece of our business. Ultimately, that means your portfolios will get even better.
This round will enable us to expand our engineering and data science teams responsible for our analytics suite and investment algorithms. We’ll also expand our lender relationships to allow us to evaluate more investment opportunities while maintaining an underwriting bar that today has us rejecting over 90% of loans we evaluate. Looking forward, we’re working on adding more asset classes as well as the ability to build a customizable portfolio for each and every client.
None of this would be possible without our clients, partners, investors, and all those who have worked closely with us to build the best possible platform. Thank you so much. We’ve come a long way, but we’re just getting started! And we look forward to growing with all of you.
AlphaFlow Adds Veteran Fintech Executive AdaPia d’Errico To Management Team
Investment Management Firm Expands Team of Real Estate, Tech and Lending Leaders to Offer AlphaFlow Optimized Portfolios to More Investors and InstitutionsSAN FRANCISCO, May 15, 2017/Businesswire — AlphaFlow, the first automated portfolio service for real estate investments, announced today that veteran fintech executive AdaPia d’Errico has joined the company as Chief Operating Officer to scale the investor platform and expand AlphaFlow’s customer channels. Ms. d’Errico is nationally recognized for growing businesses through brand advocacy and designing innovative platforms that build engaged communities. She has been at the forefront of real estate crowdfunding since 2014, advocating the power of increased transparency, education and technology to provide opportunities in real estate investments. “AdaPia’s passion, vision and execution are renowned in the fintech industry, as she was a key player in giving real estate crowdfunding national awareness, especially amongst investors,” AlphaFlow co-founder and CEO, Ray Sturm, said. “I’m thrilled to have AdaPia here as a partner and leader of the firm. Her track record, experience, and ability to apply innovative methods to reaching audiences will be fundamental to building AlphaFlow into the premier real estate investment service for high net worth individuals, wealth managers and registered investment advisers,” he added.