DC FinTech Roundup: Fundrise

Historically, real estate has proven to be one of the best-performing investments. But why is it that most profits go to institutional investors, who are only middlemen in these types of transactions?

After working with the Securities and Exchange Commission for nearly a year, Dan and Ben Miller launched Fundrise in 2012 to give everyone the opportunity to invest directly in high quality commercial real estate, without middlemen. Today, Fundrise has more than 80,000 members and has invested nearly $3 billion. By leveraging the latest in technology, Fundrise makes the process of investing in real estate simple, efficient, and transparent. Check out Fundrise to discover how their low-fee diversified eREIT is changing the way we invest in real estate.

And want to learn about other startups disrupting the financial services industry in our nation’s capital? Discover more @ DC FinTech.

DC FinTech Roundup: PYT Funds

Student loan debt is rapidly on the rise. The average college student of the Class of 2016 owed $37,172 upon graduation. Today, over 44 million American borrowers owe $1.3 trillion in student loan debt.

To combat the student loan crisis one dollar at a time, Stacie Whisonant founded Pay Your Tuition (PYT) Funds in 2013. By bringing together banks, the community, and families, PYT is able to change the way students finance their future. PYT is like Kickstarter for student loans. Borrowers apply for PYT Funding, create a fundraising campaign, and secure a PYT loan to split the difference. Check out PYT Funds to discover how they are embracing FinTech find a smarter to pay for college tuition.

And want to learn about other startups disrupting the financial services industry in our nation’s capital? Discover more @ DC FinTech.

DC FinTech Roundup: Rooam

Tired of waiting to get the bartender’s attention when you’re trying to close out your tab? Or even worse, hate waking up in the morning after a late night out, only to discover that you accidentally left your credit card at the bar?

So is the team at Rooam, the app that lets you to take control of your night by opening, paying, and closing your tab directly from your mobile phone. Founded in 2014 by Junaid Shams, Rooam also helps you find friends and events at the hottest bars and restaurants in Washington, DC. Open the app at a participating location, create a tab automatically, order food and drinks, and close out your tab with a single tap. Party all night long. Check out Rooam to discover how they are embracing FinTech to disrupt the payments industry.

And want to learn about other startups disrupting the financial services industry in our nation’s capital? Discover more @ DC FinTech.

DC FinTech Roundup: MPOWER Financing

Over 3 million students on US college campuses struggle financially to get into or through college. Up to 15% of students drop out because of financials, while others downgrade their education to find a more affordable option.

MPOWER Financing is committed to removing financial barriers to higher education in the US by enabling high-promise global citizens to further their academic and financial aspirations. Founded by Manu Smadja  and Mike Davis in 2014, MPOWER Financing partners with universities and investors to provide loans to high-potential students that currently are unable to access affordable financing at traditional banks. In addition to providing students with access to the financial resources necessary to attend and complete college, MPOWER builds students’ credit histories, provides them with personal finance education, and offers essential financial products to prepare them for life after college. Check out MPOWER Financing to discover how they are embracing FinTech to provide financing to students from all around the globe.

And want to learn about other startups disrupting the financial services industry in our nation’s capital? Discover more @ DC FinTech.

DC FinTech Roundup: EverSafe

Financial exploitation is a fast-growing form of abuse of seniors and adults with disabilities. Recent research shows that one in nine seniors have reported being abused, neglected or exploited in the past twelve months. Scams have grown increasingly more deceptive with the expansion of the internet – 156 million phishing emails are sent every day – and unfortunately seniors are most vulnerable to online attacks because their generation has received the least internet training.

Eversafe offers identify theft protection services that are specifically targeted to seniors. Founded by Howard Tischler in 2012, Eversafe combats the financial exploitation of older American’s through proprietary software that analyzes historical transactions to establish a personal financial behavior profile and analyzes daily transactions to identify erratic behavior. EverSafe is the only service designed to protect the entire family, including kids and aging parents. With features like specialized protection for seniors and a consolidated dashboard that shows all accounts for all family members all in one place, EverSafe saves time and reduces the stress of financial caregiving. Eversafe makes it easy to keep an eye on your family’s finances. Check out Eversafe to discover how they are using FinTech to prevent fraud and identity theft.

And want to learn about other startups disrupting the financial services industry in our nation’s capital? Discover more @ DC FinTech.

DC FinTech Roundup: FS Card Inc

The average payday loan user made less than $25,000 last year, but spent over $500 in fees in that same timespan. With APR rates exceeding 40%, payday loans have been know to cripple families in under-resourced communities. For individuals in desperate need of a short term cash advance, there are few options in today’s marketplace.

FS Card Inc is on a mission to deliver honest mainstream financial products to underserved consumers. FS Card Inc enables these consumers to meet their everyday liquidity needs in a flexible, safe, and convenient way. Founded in 2014 by Marla Blow, FS Card Inc leverages advanced analytical techniques, sustainable product design, and behavioral incentives to offer a scalable unsecured credit product in a market where reasonably priced credit options are scarce. With upfront pricing, no hidden fees, and credit-building tools, FS Card Inc is able to help underserved consumers manage short-term cash flow needs. Reimagine the small dollar lending landscape with FS Card Inc’s Build Card. Check out FS Card Inc to discover how they are embracing FinTech to improve the way under-resourced borrowers access affordable credit.

And want to learn about other startups disrupting the financial services industry in our nation’s capital? Discover more @ DC FinTech.

DC FinTech Roundup: HelloWallet

Today’s employees are struggling to reach financial wellness. 60% of Americans spend more than they earn each month. Flat wages and consumerized benefits in a spend economy create enormous financial stress.

HelloWallet is here to repair the Financial Wellness Ladder.  Founded in 2009 by Matt Fellowes, HelloWallet is a web and mobile application that helps employees climb the ladder to financial wellness one step at a time through innovative software solutions that allow them to make progress without feeling overwhelmed. HelloWallet helps employees spend less than they earn, save for emergencies, make good benefits decisions, and effectively prepare for retirement. With HelloWallet, employees can focus on their lives, their work, and their families, without financial stress. Check out HelloWallet to discover the ways it is embracing FinTech to improve financial wellness.

And want to learn about other startups disrupting the financial services industry in our nation’s capital? Discover more @ DC FinTech.