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Search Fintech Firm Fraxtor Secures Over $6.7 Million in the Past 9 Months from its Community of Real Estate Co-Investors December 15, 2020 @ 10:56 pm By Omar Faridi Fraxtor Private Limited, a company that operates an online real estate co-investment platform, has reportedly acquired over S$9 million (appr. $6.74 million) on its platform from its community of Accredited Investors (AIs), despite the challenges created by the COVID-19 pandemic. According to a release, the funds raised have been allocated towards several different real estate development initiatives in Singapore and the UK. Last month, Fraxtor raised S$3.4 million in capital for a freehold landed residential development project based in Singapore. The initiative has a gross development value of around S$13.2 million. As confirmed in the announcement, the project may generate an internal rate of return (IRR) of 15% per annum over a 2-year period. It’s worth noting that the project was “fully su ....
FinTech start-up Fraxtor raised more than S$9 million in the last 9 months from its community of real estate co-investors itnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itnewsonline.com Daily Mail and Mail on Sunday newspapers.