Search company, investor...
Search
Minterest company logo

The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

minterest.sg

Founded Year

2016

Stage

Acq - Fin | Alive

About Minterest

Minterest is an online marketplace lending platform.On May 5, 2020, Minterest was acquired by JL Family Office. The terms of the transaction were not disclosed.

Minterest Headquarters Location

1 Raffles Boulevard Level 2 Crescent 1

039593,

Singapore

+65 6386 8623

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Minterest News

ARA’s fintech arm Minterest raises $5 mil on second real estate investment product launch

Jun 29, 2020

Felicia Tan 29/06/2020, 3:44pm SINGAPORE (June 29): ARA Asset Management, JL Family Office, and Minterest Holdings announced on Monday that Minterest has successfully launched its second real estate investment product on Friday.The launch raised $5 million within a day.Minterest’s latest product offering is a short-term loan note which ultimately invests in ARA-Shinyoung REIT, a private REIT managed by ARA Korea Limited that owns a mixed-use property located in the shopping district of Dongdaemun, Seoul, South Korea, and strategically located at the fringe of Seoul’s CBD.The property was last valued at KRW61 billion ($70 million). It comprises 275 residential units and one floor of retail space. The property, which was completed in 2017, has a high occupancy rate of close to 91% for its residential units, and a fully-occupied retail space.The fixed income short-term loan note product, which is backed by ARA, offers a gross return of 5% per annum for a minimum 6-month tenor, and is a follow-up to the success of its debut real estate product launch which raised $2.7 million within a fortnight in May.“This product is interesting in that it provides investors with the opportunity to invest in a short-term loan note with a privately managed REIT as the underlying product which was previously available only to institutional investors,” says Janice Koh, director of fintech at Ara Property Management, the property management arm of Ara, cum chief commercial officer at Minterest. “ARA-Shinyoung REIT invests in a mixed-used property which brings the co-living concept to its residents. Multifamily rental housing, a trend that has been quickly embraced by the millennials, has been gaining traction in South Korea,” she adds.“By teaming up with ARA and JLFO, we are able to offer our members a professionally-managed real estate investment product that offers a relatively attractive risk-adjusted return versus other comparable investments. The strong investor response to the first two real estate products on the Minterest platform is very encouraging, and we hope to create more of such quality products to satisfy our members’ demand,” says Charis Liau, CEO of Minterest.ARA Asset Management Limited and its group CEO, John Lim, jointly acquired a majority stake in Minterest, in May . Unlimited access to all stories from $4.99/month* The latest reporting and analysis from business and investments to news and views on social issues. Bonus: Instant access to past digital issues Unlimited access to The Edge Malaysia *For annual subscription plan only. T&Cs apply

Minterest Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Minterest Rank

  • When was Minterest founded?

    Minterest was founded in 2016.

  • What is Minterest's latest funding round?

    Minterest's latest funding round is Acq - Fin.

  • Who are the investors of Minterest?

    Investors of Minterest include JL Family Office.

  • Who are Minterest's competitors?

    Competitors of Minterest include Funding Societies.

You May Also Like

Tradeshift Logo
Tradeshift

Tradeshift is a flexible, business commerce platform to digitally connect companies through cloud-based, collaborative accounts payable and procurement automation. Companies can buy, sell, and tailor B2B solutions to meet individual needs.

C2FO Logo
C2FO

C2FO is an online marketplace to source working capital. Utilizing proprietary algorithms, the company creates a match between accounts receivable and accounts payable to price the value for early payment in real time.

Behalf Logo
Behalf

Behalf is a financing provider that facilitates commerce between business to business vendors and their small and medium business customers. Driven by data and technology, Behalf allows vendor partners to offer business customers instant credit and flexible payment terms at the point of sale.

BlueVine Logo
BlueVine

BlueVine provides flexible, working capital to small and medium-sized enterprises, giving them quick access to funds needed to purchase inventory, cover expenses, or expand operations. Specifically, the company has developed an online, cloud-based platform for invoice factoring that enables rapid advances on outstanding invoices.

Fundbox Logo
Fundbox

Fundbox is a financial technology company offering a B2B payments and credit network. With Fundbox, sellers (of all sizes) can quickly increase average order volumes (AOV) and improve close rates by offering more competitive net terms and payment plans to their approved SMB buyers.Fundbox offers loans and financial products to small businesses with a focus on B2B-focused small businesses. It aims to solve SMB working capital challenges through credit and payments offerings.

Capital Float Logo
Capital Float

Capital Float is a digital finance company and provides collateral free-unsecured business loans in India online with easy documentation and instant approval for small businesses.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.