Fintech firm Fund That Flip raises $11M in growth financing

This fintech platform and marketplace lender for residential real estate loans, has announced it has raised $11 million from New Jersey-based growth equity firm, Edison Partners

Launched in 2014, Fund That Flip provides short-term loans to experienced real estate redevelopers who buy and renovate residential properties. After origination, Fund That Flip offers accredited and institutional investors the opportunity to purchase fractional shares of the loan and earn an 8-9 percent annualized yield. Since Fintech Venture Fund, an Atlanta based early-stage investor, led the company’s seed round in 2016, the company has realized exponential growth, doubling its revenue, loan origination volume and customer base each year. Fund That Flip will use the additional capital to expand its market share of the trillion-dollar residential real estate investment industry.

Historically low levels of single-family home construction have created an affordability challenge for many willing home buyers in the US. With the average age of a single-family home at 37 years old, millions of properties demand significant investment to meet the preferences of modern home buyers. Real estate redevelopers who leverage Fund That Flip’s financing to renovate ageing or neglected properties are able to deliver a like-new home at an attainable price point.

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