Global investors value MetaWealth at €50 million

Business Forum
Fintech start-up MetaWealth has successfully closed a €2 million pre-Series A round of funding from 11 investors in the UK, Sweden, Portugal, Spain, Switzerland and Romania, which values the leading real estate tokenizing platform at €50 million, just 15 months after its global launch.

With a strong presence in Bucharest, Marbella, and Dublin, MetaWealth connects developers with retail buyers and investors from all over the world by integrating cutting-edge blockchain/ tokenization technology, global Real Estate expertise, and unparalleled market insights.

Since its launch in March 2023, the revolutionary investment platform has successfully tokenized 101 premium real estate assets with a combined investment value exceeding $20 million. Overall, the fintech start-up has $55 million of real estate under contract across 3 countries. High profile brands in the Advisory, Real Estate and Technology industries including Deloitte, Colliers, ONE United and Solana, are collaborating with MetaWealth in its mission to revolutionizes the traditional real estate investment market with next generation technology.

Michael Topolinski, MetaWealth co-founder and Chairman, says: “We are extremely excited with this successful funding round, which confirms that MetaWealth ticks all the boxes when being evaluated by high-profile, experienced investors. We are an innovative business, with an impressive high-return track record, a strong portfolio and pipeline, and a scalable global business model. We intend to do a Series A funding round with various VCs by Q1 2025.”

The start-up is also in advanced partnership talks with several local and international banks that are interested in offering clients access to MetaWealth's investment opportunities.

Investor Bogdan Herea, Advisory Board member who is leading as third party the implementation of the banks partnerships, says: „Real Estate has been a core business for the Banking industry forever. Now, technology is revolutionizing both industries, and it's only natural that they explore their traditional synergies within this new global blockchain/ tokenization framework with MetaWealth. Our initial discussions in London and Bucharest, as well as investors' enthusiasm to invest in MetaWealth, are reasons for confidence. We expect to announce our first Banking partnerships within the next six months.”

Next month, MetaWealth will open its London headquarters, which will coordinate Regulatory & Compliance functions, Marketing activities, Investor Relations and Partnerships. The Bucharest office, on the other hand, will remain MetaWealth's operational and talent hub, coordinating Asset Acquisition and Asset Management, Finance, Legal and Accounting activities, as well as the crucial business areas of Technology, Engineering and Security.

Currently, the start-up is migrating from Ethereum to Solana blockchain technology, while investing in securing its Distributed Ledger Technology (DLT) license for Europe.

The local team is also expected to expand from 28 to 40 people by the end of the year.

As the fintech platform is actively exploring new investment opportunities, the next asset to be launched on the platform will be a first for MetaWealth's portfolio, namely in the hospitality sector in the Greek Riviera. Other assets are currently under negotiation in Italy and Spain.

With more than 1,000 investors from 23 countries, MetaWealth is a revolutionary investment app founded by high profile investors and fintech aficionados with global experience spanning from North America to the EU. The web3 investment platform - available through Apple App Store and Google Play Store - connects real estate developers with buyers and investors, allowing users to invest in fractions of real estate assets and other valuable assets, and obtain profit both from recurring rental income and from asset appreciation.

The MetaWealth team consists of 28 highly skilled engineers, real-estate experts, and business personnel, besides the core team of co-founders and advisors. Beyond the financial benefits for its users, MetaWealth believes in the value of better financial education for everybody and wants to build a community of investors who want to manage their finances better, building a solid future.

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
READ MORE
Business Forum  |  21 November, 2024 at 2:16 PM
Business Forum  |  21 November, 2024 at 2:08 PM