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NEW YORK, Dec. 22, 2020 /PRNewswire/
Metechi has raised $5 million in funding for its AI-powered debt trading platform that facilitates the buying, selling, origination, and syndication of commercial loans at scale.
The investment round was led by notable angel investors including Shimon Weintraub, the Co-Founder of Brack Capital Group. Former CEOs of Bank Hapoalim and prominent CRE investors, Zion Kenan and Ari Pinto also took part.
The funding round facilitates Metechi s growing success with over 1,000 US banks, institutional investors, and brokers already on the platform. Buyers and sellers are granted access to this vast, pre-screened network that continues to grow by the day.
17 December 2020, 10:32 am EST By
The COVID-19 pandemic has truly disrupted the real estate segment perhaps more than any other market. But this could prove to be a silver lining for New York City-based startup Metechi, a provider of a debt trading platform that facilitates the buying, selling, origination, and syndication of commercial loans at scale.
How Bad Was The CRE Market?
The U.S. commercial real estate (CRE) market benefited from a decade s worth of low interest rates and a booming economy. Property owners in major cities across the U.S. mostly feel they can dictate whatever rent price they wish to charge and there will be no shortage of customers willing to pay.
AI-Powered Debt Trading Platform Metechi Raises $5 Million Through Latest Investment Round
December 11, 2020 @ 10:24 am By Samantha Hurst
Metechi, a U.S.-based AI-powered debt trading platform, announced on Friday it secured $5 million through its latest investment round.
Founded in 2017, Metechi claims it empowers banks and Institutional Investors to better serve their clients, compete with larger institutions for business, and observe regulatory balance sheet constraints. The company also noted that its network of more than 1,000 U.S. banks, institutional investors, and brokers is expanding faster than ever and its funding facilitates our growing success as it leverages the challenges of today’s market.
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The following is a contributed article from a content partner of Benzinga
In the real estate business, these are the best of times and the worst of times. On the one hand, the events of 2020 have buffeted the entire industry, with commercial real estate (CRE) particularly badly affected. The vacant office blocks and half-finished construction projects have provided an opportunity, however, for savvy investors to swoop in and pick up cheap NPLs. Capitalizing on this trend is AI startup Metechi, which has completed a $5M raise to refine its platform for brokering commercial real estate deals.
Going Direct to Offload Non-Performing Loans
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.