Konfidis Inc., a comprehensive service provider to enable better investor access to the residential real estate sector, closed an oversubscribed non-brokered $2 million private placement seed financing round.
With the leading technology platform for residential real estate investing and a rapidly growing technology-enabled and investor-focused residential real estate brokerage subsidiary, Konfidis Realty, this injection of funds will bolster Konfidis’ growth strategy and boost various enhancements to the platform serving both single-property investors and those accumulating residential property portfolios, as well as Konfidis’ tenant marketplace to support a new age of rental housing solutions and service.
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Konfidis is dedicated to delivering an exciting new offering for tenants seeking high-quality and dependable long-term rental housing solutions. “Recent news headlines continuously highlight how buyers have been priced out of the market, and this is especially problematic for families who wish to rent in a specific school district, for example, given the acute shortage of quality single-family homes available for rent in those districts. In addition, landlords are by-and-large mom-and-pop owner-managers and unfortunately, great tenants do sometimes have poor experiences and fear sudden eviction if the landlord decides to move into the property. We believe our professional and tenant-first offering will deliver comfort and security of tenure to longer-term renters with a high level of service,” said John Asher, President and Co-Founder of Konfidis Inc.
Konfidis strives to democratise residential real estate investing which has historically been challenged by limited analysis tools and a lack of turn-key management solutions. Konfidis provides full-service support for its clients to evaluate and acquire investment properties with the most compelling risk-adjusted return characteristics through top-down geographic region analysis and bottom-up rental income and total return analysis; and supports the comprehensive management of those investment properties on behalf of its clients.
