Technology is the bomb. But when you set technology loose on the problems of the world, that’s when things really start clicking.
The Fintech Times agrees with me. This month they are focused on fintech companies that meld diversity and inclusion into their financial services. My interview with them kicked off their investigation.
I’ve faced “plenty of challenges” around the notion of achieving inclusion, but financing opportunities tops the list. This struggle served as the catalyst that launched my equity crowdfunding platform, SmallChange.co, which is squarely focused on including everyone.
Capital is an old boys club. The members of that club invest where they feel most comfortable. And In real estate this means that capital (lots of it) flows into the same neighborhoods, for the same kinds of projects, often being developed by the same few people. Over and over again.
Women, and people of color get left out.
Smaller projects that need less than $10 million in equity get left out.
Opportunities to kickstart local economic growth are ignored
Rich areas get richer, poor areas get poorer.
I’ve built the first (and perhaps only) crowdfunding platform fully focused on impact in real estate. On Small Change anyone can invest directly into real estate projects for as little as $250 (as long as they are 18). And developers can raise up to $5 million for their projects every year, directly from the crowd.
We’re focused on democratizing capital formation for real estate projects, offering investment opportunities to everyone with the potential for real impact and real returns.
Read the Fintech Times report here.
Image courtesy of The Fintech Times