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This FinTech startup says it will take $13 trillion away from Wall Street

Discussion in 'Accounts and Finance' started by EF-Roger, Aug 18, 2015.

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  1. EF-Roger

    EF-Roger Member

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    If you've been paying attention to trends in finance, you know there's a lot of buzz around startups in financial technology, more commonly known as FinTech.

    FinTech companies are using the power of the internet to disrupt the financial industry. By cutting out the middle man (i.e., banks) and lowering costs, they're able to make financial services far more efficient and consumer friendly.

    Fundrise, a DC-based startup, may be building the biggest opportunity in FinTech yet. While many of the industry’s high-profile startups like Lending Club have focused on consumer lending (a $420 billion market), Fundrise gives individuals the ability to invest in commercial real estate — a market worth $13 trillion, more than 35 times bigger than consumer lending.

    Read more: Real estate opportunity in FinTech - Business Insider
     

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