In addition to raising $3 million in equity, GROUNDFLOOR announced the following milestones for 2019 Q1:

  • 139% year-over-year increase in non-GAAP revenue, to $1.6 million for the second quarter and $2.6 million for the first half of 2019
  • 160% year-over-year increase in loans closed, bringing the company’s total loans originated to more than 1,000
  • $22.4MM in retail investment volume
  • $13.2 MM in principal and interest repaid to investors, who realized an average return of 10.54% net of losses
  • 65,000 registered users

Read the press release

Read coverage in Hypepotamus