The real estate lending crowdfunding platform Trusters, aims to raise a round of $1.13 million (€1 million) through ClubDealOnline, the equity crowdfunding platform founded by Antonio Chiarello that intermediates investments in startups and scaleup reserved for “high net worth individual,” family offices and institutional investors.
“The time has come to open up to the market. The Stock Exchange has always been an objective that we are always thinking about with greater interest. This is a path we are analyzing,” explained Andrea Maffi, founder of Trusters.
Maffi added: “With our platform, we are able to make the operational real estate supply chain more efficient, bringing a wider and larger number of investors closer to this elitist market and allowing them to access additional financial forms, simple, fast and reliable, to effectively invest their savings/assets. For developers, real estate agents, builders and brokers, whose reliability and solidity is previously validated through accurate and specific due diligence, Trusters is a business driver and an effective tool for financing their projects, in a simpler and faster way, also taking advantage of the financial leverage effect.”
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Trusters had successfully completed a first financing round in 2019
The president of ClubDealOnline, Roberto Ferrari, commented: “The strong push to digitize and use online tools is one of the very few positive aspects of the situation we are experiencing in these months. This digitization will lead us, more and more, to review our buying and investment habits. The strength of online platforms is to make these processes extremely lean and efficient.”
This is the second round for Trusters, which in the summer of 2019 closed a capital increase of $113,000 (€100,000), which was aimed at enlarging the company structure to include qualified players functional to business development. The share capital increase, fully subscribed on June 20th, 2019, was supported and made effective by M9 SPA Management & Investimenti, business and equity partners of the Elite project of Borsa Italiana, and Studio Coazzoli, Certified Public Accountants and Auditors, specialists in business equity growth.
In January 2019, ClubDealOnline had in turn collected a round of Serie A from Portobello spa, a media & advertising company listed on Aim Italia. Portobello subscribed the first part of the capital increase and then joined the same founder Antonio Chiarello (who previously had 60%), the accelerator i-Starter (who had 20%) and the managing director of i-Starter, Simone Cimminelli, who had another 20%.
Trusters uses blockchain to track data
An innovative startup launched in December 2018, Trusters is the first entirely Italian lending crowdfunding platform in the real estate sector, which currently has more than 3,000 registered users. In 2 years, the platform has collected over $5.64 million (€5 million), for a total of 51 funded projects and has reimbursed 13 projects. Despite the coronavirus pandemic, the startup “has held up well, continuing to register a growth trend,” said Maffi.
Since last December, data tracked by Trusters are stored and certified in blockchain. Technological innovation, through blockchain certification and thanks to the partnership with Swiss Crowd, a Swiss company specialized in blockchain, allows a greater guarantee of transparency on the management of data relating to real estate assets of the proposals presented on the platform.
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