FinTech news in Crowdfunding category

And then when I left, the majority of the most successful artists were people of color — I think it was 70% people of color were the most successful on the platform. This past week was me really being able to get so much feedback, positive and negative, from our community and learn so many of the challenges that Kickstarter faces and our users in our community really want to see us succeed. We came at this from the point of supporting people, creators and backers — wanting people to have a better experience and also wanting to see creators be more successful. A lot of these people actually make a living off of Kickstarter, so these people are heavily invested.

It’s now teaming up with fintech unicorn Revolut to allow users to donate directly to homeless people through the Revolut app, making it the first U.K. homelessness organization added to the Revolut Donations feature. Revolut users will now be able to donate to Beam, help homeless people raise funds for training, work tools, travel costs, childcare or rental deposits, directly through the app. Beam says it has since raised £3.2 million from members of the public and supported more than 850 homeless people into stable jobs and homes by matching them with ethically-checked landlords and employers. Funds donated to Beam through Revolut Donations are distributed equally between Beam’s beneficiaries.

Fundrise manages over $2.8 billion worth of real estate equity on behalf of the 300,000 active investors on its platform today, and Miller says the company is growing fast enough that he expects it to climb to a top-ten spot by size in private real estate within the next two years.

Groundfloor users have a wide range of reasons for using the platform, from new investors who are looking for a safer alternative to public markets to experienced investors who prefer investing through an app instead of using the broker, Dally said.