The future of real estate: Fintech 50 2021

From the abyss of a global pandemic halting the economy, the US real estate market has emerged as arguably the hottest market in the world. Low interest rates and a future of the home office, or at least more flexible office designs, prompted many Americans to move to suburbs with lower costs and a higher quality of life. The pandemic-induced shifts sparked a housing boom, and novel financial technologies played a big role in the emerging market.

Among the private tech companies, startups targeting the inefficiencies and headaches of the real estate market are gaining in value and growing at staggering rates. The process of getting a mortgage has long been considered tedious paperwork, and there has been little innovation to attract young Americans to home ownership since the advent of the mortgage bond.

Well-funded startups, including the four on the latest Advance Guide Fintech 50 list, have responded to this demand with innovative technology that simplifies the real estate market and opens it up to a new generation. Our fintech 50 list highlights companies like Blend Labs, with its white label software that allows you to get mortgages with some of America’s largest banks in a few clicks, and Divvy Homes, a landlord looking to help its tenants, owners to become. These companies are using technology to reshape the real estate buying, selling and owning experience.

Overall, using new technology has made buying a home smoother than ever, and transaction costs across the market have come down sharply. The pandemic-ridden year also provided an opportunity for some innovative former members of the Fintech 50 list to participate in public equity markets, including Opendoor Technologies, a so-called iBuyer of homes that went public in December 2020 and is now rated $ 10 billion.

Here are the financial technology companies that revolutionized the real estate market that made the Advance Guide Fintech 50 in 2021, including a brief description of what they do, who they use, and what is their value.


Headquarters: San Francisco, California

White label cloud-based software speeds up the mortgage approval process at the country’s largest lenders, including Wells Fargo and US Bank. Prospective borrowers can link to online bank statements, tax returns, and pay slips. Working with 285 institutions, the platform processes over $ 4 billion in mortgage and consumer credit every day.

Financing: $ 685 million from Coatue, Tiger Global Management, and others

Last rating: $ 3.3 billion

Bonafides: According to HMDA data, the customer base accounts for more than 25% of the US mortgage market with US $ 2.1 trillion in terms of issuance volume; Last year it processed $ 1.4 trillion in loans, more than double the volume in 2019.

Co-founder: CEO Nima Ghamsari, 35; former CTO Eugene Marinelli, 33; former CFO Erin Collard, 41; Rosco Hill, 41


Headquarters: New York City, NY

By raising funds online and using advanced data analytics to raise deals, the online platform enables individual and institutional investors to buy and sell shares in commercial and multi-family real estate partnerships at lower fees. Also operates a StubHub-like secondary market that allows investors to sell otherwise illiquid stocks.

Financing: $ 155 million from Andreessen Horowitz, Ford Foundation, Goldman Sachs, and others

Last rating: $ 800 million, according to PitchBook

Bonafides: A $ 400 million fund was launched this year aimed at retail investors, financial advisors and institutions.

Co-founder: CEO Ryan Williams, 33, an alum under 30 who began investing in real estate while at Harvard; Brothers Joshua Kushner, 35, and Jared Kushner, 40, the son-in-law of former President Donald Trump.

Divvy houses

Headquarters: San Francisco, California

A digital version of the old hire-purchase model, Divvy buys homes for customers who cannot qualify for a standard mortgage and then becomes their landlord. A prepayment of 1-2% and part of the monthly rent can be converted into a deposit if the renter wants to buy later. After three years, customers will have built up to 10% equity.

Financing: $ 175 million in equity from Tiger Global Management, Andreessen Horowitz, and others

Last rating: $ 490 million, according to PitchBook

Bonafides: Expanded from 8 to 16 stores in 2020 and more stores closed this year than in all of 2020 or 2019.

Co-founder: CEO Adena Hefets, 34; CTO Nicholas Clark, 38; Board member Brian Ma, 35; Senior Software Engineer Alex Klarfeld, 30, a 30 Under 30 Alum


Headquarters: Oakland, California

Real estate investment marketplace that enables everyone from first-time investors to global asset managers to value, buy and own single family homes. Roofstock One, launched in 2019, sells portions of professionally managed homes for just $ 5,000 per share.

Financing: $ 153 million from SVB Capital, Canvas Ventures, Khosla Ventures, and others

Last rating: $ 600 million

Bonafides: More than $ 3 billion in transactions were processed through the platform.

Co-founder: CEO Gary Beasley, 55; Chairman Gregor Watson, 41; Head of Development Rich Ford, 53

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