Fin-Tech Is in Debts - Syndicrowd.com
The first P2P crowdfunding startup starts working in the debt industry.
NEW YORK, Jan. 10, 2017 /PRNewswire/ -- Syndicrowd.com starts operating today in the USA subprime debts market. In spite of the low rates and unattractive investment offers prevailing in the market today, two experienced entrepreneurs are launching a new startup Fin-tech project intended for financing special lender firms specializing in the real estate, auto and consumer loans. The US market has been of particular interest in the financial sector. Banks, hedge funds and institutional investors around the world have been actively participating in these types of investment projects as of late. However, the real estate, auto and consumer loans markets are inaccessible for private investors with 8-20% average income rates.
Yury Vasilyev and Oleg Ermolin, the project founders, have over 20 years of entrepreneurial experience in the corporate financial sector in United Kingdom, Israel and Russia. According to Yuri Vasilyev, Syndicrowd CEO, the USA has the largest subprime market in the world. Only the subprime auto loans market has an estimated value of $60 billions per year – these numbers encouraged the idea to start a crowdfunding platform to finance such companies.
"We offer an entirely new model of minimizing the risks of the prospective investors," Mr. Vasilyev remarks. "Apart from a thorough borrowers review and loan underwriting, we provide a pool of loan products, which decreases the investment risks per se. The chances of overall pool default are extremely low. Moreover, Syndicrowd secures investments by means of a collateral and a borrower company's guarantee.
Today, the USA market is mostly represented by crowdfunding real estate platforms. Generally, accredited investors tend to invest into a single project and have no or limited opportunity to diversify their risks. This is an advantage Syndicrowd offers: the opportunity to diversify risks by investing onto a pool of separate loans. The legal structure of the company has been developed by Flaster/Greenberg Law Firm, one of the most reputable law firms specializing in the Fin-tech industry.
About Yury Vasilyev
Yury Vasilyev | Founder & CEO of SyndiCrowd, LLC
An accomplished business leader, with over twenty years experience as an entrepreneur, lawyer and economist in the UK, Israel and Russia. Before founding SyndiCrowd, Mr. Vasilyev spearheaded corporate realignments and strategic M&A activity for large corporates and institutional investors. He is an expert at identifying strategic opportunities for investors and managing closing activities.
Mr. Vasilyev is an experienced financial entrepreneur and is the co-founder of Symfonie Capital, a London-based financial advisory firm and industry leader in Central & Eastern Europe. He now served on the Advisory Board. He is also responsible for co-founding MADA Energie, a successful clean-tech startup based in America and Israel.
About Oleg Ermolin
Oleg Ermolin | CFO of SyndiCrowd, LLC
Mr. Ermolin is an experienced an accomplished former CFO and auditor, financial advisor, investment broker, and risk analyst.
In 2003, Mr. Ermolin founded his first own business - a property management company, which was sold in three years at an impressive valuation following a rapid period of growth. He also managed the mutual funds and investment company, generating significant returns for partners and investors.
Mr. Ermolin also invests in a variety of fintech projects on early stage.
For further details, please contact Diana Friling at SyndiCrowd:
Tel .: +1 888-705-0114
E-Mail: [email protected]
SOURCE Syndicrowd.com
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