MetaWealth
December 12, 2022
Bucharest,16th of March 2023 – MetaWealth, the Fintech startup with offices in Bucharest, Dublin and Toronto that was founded by high profile investors and fintech aficionados with global experience spanning from North America to the EU, has launched in Romania, connecting vendors with retail buyers / investors through a new investment opportunity that will revolutionize Real Estate.
The launch in Romania coincides with the fintech’s international launch across the EU, the UK and Canada, and comes amid increasing global concerns regarding the stability of the banking operating environment in the USA.
“Real Estate has always been a much safer investment, especially amid tumultuous times when the value of money depreciates and intangible assets lose value,” says Michael Topolinski, a MetaWealth co-founder. “When we first envisioned the MetaWealth project, me and my partners wanted to bring together the industries we know best – Real Estate and Technology, to provide retail investors and the Real Estate industry with a revolutionary investment tool perfectly in sync with the world today. While the Romanian banking system is one of the most solid in Europe and has been a strong and reliable partner for the Real Estate industry, we are glad to launch MetaWealth at this particular time and provide local developers with a platform that helps them take their assets to the global investment stage”.
The founders and owners of MetaWealth include two real estate investors and developers - Michael Topolinski and Richard McLaughlin-Duane, with a track record and cumulated pool of real estate investments and pipeline of 1.3 billion USD, Amr Adawi, a startup entrepreneur with direct experience in building fintech startups with over 8 billion USD in assets, and Darren Carvalho, a former Vice President at Goldman Sachs, who brings in depth experience working with the GS Growth Equity Group’s existing and potential portfolio of companies and startups.
“Investing in real-estate is a complicated process that takes about 6 months for a professional real-estate investor to accomplish between vetting the asset, filing the paperwork, taking ownership, renting and then managing it,” says Darren Carvalho, co-founder. „With MetaWealth anyone can obtain the economic benefits of owning real estate, with only 5-10 minutes process time as opposed to the 6 months normally required to research, execute and complete such an investment.”
MetaWealth makes this possible through its mobile app which allows users to purchase already expertly vetted and rented real estate assets in the form of digital tokens, allowing them to receive yields from rental income and asset appreciation, at their own pace, for an initial investment of at least 100 USD.
Investors will benefit from a flux of long-term passive income streams that generate a constant yield of about 6-7% per year from rental income and an additional estimated 5-8% asset appreciation per year.
At the same time, the real estate assets also bring users/investors an immediate Profit on Purchase (PoP), given the difference between the acquisition price and the asset’s official market valuation, recently performed by Colliers International. For example, for the first real estate asset available now at the app launch, the discount negotiated by MetaWealth at the purchase is over 357.000 USD, which is 17,5% off the market price.
On the other hand, real estate developers and owners now have the opportunity to showcase their assets to a global audience, thus being connected to new sources of investors and innovative capital structures.
“We target opportunities with the best risk-adjusted earning potential, from residential, to office buildings to retail or logistics. Currently, the MetaWealth platform has a 2 million USD real estate asset in its portfolio (30 new apartments with no mortgage, fully rented) and a second 2.5 million USD asset will be coming in early April. We are also undergoing negotiations for the third and fourth real estate assets to onboard to the MetaWealth platform, aiming to integrate 8 real estate assets on the platform, with a cumulated value of over 60 million USD, and a total of 20,000 active users of our app by the end of the year,” adds Michael Topolinski, co-founder.
MetaWealth mainly addresses professionals living in cities, with income levels above the national average, who want to invest their savings in a safe and profitable investment but can’t usually afford the time and cost of buying an entire real estate asset.
The platform's cutting-edge security and compliance features, including integrated KYC processes and world-class standards, provide a safe and secure investment environment for all parties, underlines Amr Adawi, co-founder.
“MetaWealth has developed proprietary Patent Pending technology that utilizes Web3 technology including blockchain to create digital infrastructure and services that are safe, secure, and transparent. This platform not only streamlines the transaction process, reducing both time and costs, but revolutionizes the traditional real estate investment market with next generation technology that is shifting how investing is delivered around the globe,” he concludes.
MetaWealth™ is a web3 investment platform connecting real estate vendors with buyers, available through Apple App Store and Google Play Store, which allows users to invest in fractions of real estate assets and other valuable assets and obtain profit both from recurring rental income and from asset appreciation.
Among the founders of MetaWealth are two real estate investors and developers - Michael Topolinski and Richard McLaughlin-Duane, with a track record and cumulated pool of real estate investments and pipeline of 1.3 billion USD, Amr Adawi, a startup entrepreneur with direct experience in building fintech startups with over 8 billion USD in assets, and Darren Carvalho, a former Vice President at Goldman Sachs, who brings in depth experience working with the GS Growth Equity Group’s existing and potential portfolio of companies and startups.
The broader MetaWealth team consists of 20+ highly skilled engineers, real-estate experts, and business personnel.
Beyond the financial benefits for its users, MetaWealth™ believes in the value of better financial education for everybody and wants to build a community of potential investors and / or people who want to manage their finances better, building a solid future. The educational content will be one of the pillars of this community and will be constantly updated.
More details at https://www.metawealth.co/.
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