YieldStreet officially launched the world’s first tech enabled specialty finance and alternative lending platform connecting accredited investors to asset based investments.
YieldStreet offers opportunities that are backed by collateral, have low market correlation, and generate strong yield, such as loans secured by real estate portfolios, litigation finance investments or even a loan to an NBA player secured by his contract. Investments have low minimums starting at $5K with average target yields in the mid-teens. In the past, such options were exclusively available to ultra high net worth individuals, hedge funds or institutional investors.
Founder and CEO, Milind Mehere, a serial tech entrepreneur whose previous company, Yodle was recently acquired for $342MM, says, “As an investor myself, I was frustrated with the lack of investment opportunities outside of the stock market. We started YieldStreet to meet the needs of investors today who want to gain access to investments with high yields like hedge funds and institutions do, but have limited options with existing financial advisors and wealth management platforms. Most require high minimums and long holding periods that have historically shut out most investors. We are changing that.”
Technology is the critical differentiator that connected specialty finance expert Michael Weisz with Mehere. “YieldStreet combines decades of investment and risk management experience with technology to open access and help investors consistently hit doubles and triples on their returns. Our platform enables an individual with $5k to invest in the same opportunities as a family office with millions” said Michael Weisz, Founder and President. For investors, the automated platform aims to make investing as easy as buying public stocks or ETFs. YieldStreet’s technology provides a refined experience with full investment transparency, seamless portfolio management, bank integration and payments. Additionally, the platform supports lenders in due diligence, evaluation and underwriting.