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% annualized yield.
Fund That Flip participated in the NYC Entrepreneurs Roundtable Accelerator (ERA), leading to Fintech Venture Fund, an Atlanta based early-stage investor, leading the company’s seed round in 2016. ERA also participated in the round. Since then, the company has realized exponential growth, doubling its loan origination volume and customer base each year, and achieving 6018% revenue growth. This month, Fund That Flip announced a $11 million raise from growth equity firm Edison Partners of Princeton, NJ. We plan to use the additional capital to expand its market share of the growing residential real estate investment industry.
The 2019 Inc. 5000
Not only have the companies on the 2019 Inc. 5000 (which are listed online at Inc.com, with the top 500 companies featured in the September issue of Inc., available on newsstands August 20) been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
“The companies on this year’s Inc. 5000 have followed so many different paths to success,” said Inc. editor in chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”