Fintech Startup YieldStreet Raises $113 Million
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YieldStreet Inc., a New York-based startup that packages and sells business loans to investors, said it raised $113 million in debt and equity to expand its offerings.
The three-year-old company specializes in loans to real-estate projects, small businesses and law firms. It pitches the assets as an alternative to stocks and bonds. YieldStreet competes with similar products offered by private-equity firms and hopes to eventually offer them to anyone.