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‘Stripe for real estate’ debuts Tuesday to fund Power Buyer deals – Inman

Setpoint is The latest enterprise from Ben Rubenstein, a former authorities of Opcity and Realtor.com.

A mannequin new agency that sees itself As a Outcome of the “Stripe of exact property,” and which goals To current each know-how and money for completely different startups in, For event, The power Buying for sector — acquired here out of stealth mode on Tuesday.

The agency, dubbed Setpoint, is The latest enterprise from Ben Rubenstein, a serial entrepreneur who beforehand based lead-vetting agency Opcity and who served as chief income officer of Realtor.com.

Setpoint goals to “allow proptech corporations to supply their clients frictionless homebuying and promoting decisions collectively with contingent-free all-money supplys,” Based mostly on A press launch. What that particularly means is the agency currents a Computer software platform that handles doc assortment and verification, and automates parts of the closing course of, amongst completely different issues.

Furtherextra, Setpoint currents funding to capital intensive corporations, Similar to Power Consumers, To permit them to proceed To close transactions. In complete, the agency has safed $615 million in allotted capital that It might current to completely different corporations, it said in A press launch.

Setpoint initially launched final yr however remained in stealth mode till Tuesday. In accordance to the assertion, corporations collectively with Homeward, Flyhomes, Reali, and Houwzer are all already using Setpoint’s platform, and the agency expects To assist facilitate 25,000 transactions this yr.

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Source: https://www.inman.com/2022/05/31/stripe-for-real-estate-debuts-today-to-fund-power-buyer-deals/

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