Metechi Raises $5 Million for AI-Powered Debt Trading Platform
Metechi, a refinancing platform for distressed assets such as real estate, has completed a $5 million funding round. A number of leading angel investors participated in the round including Brack Capital Group Co-Founder Shimon Weintraub as well as Zion Kenan and Ari Pinto.
With more than $230 million of deals already active on Metechi’s lending market, the platform has begun to gain traction. Its Commercial Lenders Marketplace is used for buying, selling, and syndicating commercial loans such as CRE, C&I, and NPLs (nonperforming loans). The minimum deal size stands at $20 million, with a minimum ticket size for buyers of $5 million. By splitting debt into tranches, sellers can maximize uptake, while maintaining confidentiality; all participants are pre-screened and purchasers must be qualified.