ATLANTA, Feb. 7, 2024 ~ Groundfloor, the alternative investment platform that has reached a milestone of over $1 billion in investment and repayment volume, is proud to announce another year of growth and innovation. Despite challenges in the housing market and high interest rates, the company has launched multiple first-to-market products that offer investors more options to invest in real estate backed alternatives than ever before. This has resulted in a 25 percent increase in year-over-year revenue, reaching $26.5 million. With over $1.3 billion in retail investment volume and $1.1 billion in investor repayments to date, Groundfloor continues to prove its appeal as a fractionalized investing platform.

According to co-founder and CEO Brian Dally, Groundfloor has gained the trust of self-directed individual investors as a reliable source for sensible alternatives to public market securities. "Our ten-year track record of delivering high yields with low volatility and unmatched liquidity in single family residential real estate continues," said Dally. "Fractionalization outperforms funds in every way, and now it's expanding into new use cases and new positions in the capital stack to offer investors more choice and better returns for less risk than ever before."

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In addition to surpassing $1.3 billion in retail investments and $1.1 billion in repayments since its inception, Groundfloor has also amassed 245,000 registered users and received $384 million of investments through its platform. The company has repaid $330 million to investors across all investment products and financed 983 loans for real estate developers across the country. Its assets under management have grown by 10.2 percent to reach $323 million.

Groundfloor's commitment to innovation is evident through its launch of new products such as Groundfloor Notes for non-accredited investors and fractionalized equity, property cashflow advances, and index funds through Labs by Groundfloor. The company also introduced the Groundfloor 3.0 Auto-Investor account, now available through a new mobile app.

As a result of its growth and innovation, Groundfloor has received several awards, including being named to the Inc 5000 List for the fourth consecutive year and the Deloitte Technology Fast 500. It was also recognized as an Atlanta Business Chronicle Pacesetter and one of Built In Atlanta's Best Places to Work.

Looking ahead to 2024, Groundfloor plans to continue scaling and is currently hiring for various product development and operational roles in Atlanta and remotely. To learn more about Groundfloor and start investing, visit their website or download their apps on the Apple App Store or Google Play.
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