DiversyFund, a real estate crowdfunding marketplace, announced on Tuesday it has undergone a period of significant growth in 2020 despite the COVID-19 pandemic. The funding platform reported it saw an increase in customers this year and surpassed the 13,350 milestone. DiverseyFund further noted that it has responded to the growth by expanding its team to include two new senior leadership positions.
“Through our online platform, we are democratizing alternative asset investing by breaking down traditional barriers to entry, such as eliminating broker fees and high minimum investments.We open up access to multi-million dollar commercial real estate investments to everyone and provide them with the opportunity to diversify their portfolio beyond stocks and bonds.”
Speaking about the growth, Craig Cecilio, CEO of DiversyFund stated:
“During times of heightened economic uncertainty, wealth gaps increase, so it’s no surprise that we’ve seen such interest in our investor-first, wealth-building platform. The everyday consumer is seeing the year 2020 — a time when political, social, and economic unrest is converging — as a crucial moment to build long-term wealth. The 99% are demanding access to high-quality investments and the ability to attain financial freedom.”
DiversyFund also noted that it urrently has $25 million in AUM and approximately $75 million in real estate assets under management. Cecilio added:
“Now is the time to truly democratize investing through technology. With our bolstered team and new features, we’re providing accessible financial education for all, while working towards our core mission – closing the wealth gap. Technology is at the core of equalizing investing, so we are constantly developing our capabilities to enable our community to invest like the 1%.”