Income& Selected as Finalist for Industry-Leading PitchIt @ LendIt USA 2016 Competition
San Francisco, CA (PRWEB) March 23, 2016 -- Income&, a marketplace investment platform based in San Francisco, today announced that it has been selected as a finalist for PitchIt @ LendIt USA 2016 that will take place April 11-12, 2016 in San Francisco, CA. This news arrives just two weeks after Income& presented as a finalist in the Payment and Fintech Category at the 2016 SXSW Accelerator Competition in Austin, TX.
LendIt, the largest conference series in the industry, will welcome over 4,000 attendees including investors, businesses and service providers from over 20 countries to LendIt USA 2016 to meet, network and do business. After besting more than 100 companies for the chance to present at LendIt 2016’s marquee event, Income& will battle it out with seven other innovative startups on the conference’s largest stage in front of a live audience and a panel of four judges: Frank Rotman, QED Investors; David Weiden, Khosla Ventures; Nick Shalek, Ribbit Capital and Chris Bishko, Omidyar Technology Ventures.
Led by CEO Brad Walker, the former Director of Institutional Product and Strategy for PENSCO Trust Company, and a team of accomplished financial services and technology veterans, Income& is introducing the PRIMOTM, or Prime-Rated Individual Mortgage-backed Obligation. A superior alternative to existing investment options, each PRIMO™ is backed by a high quality, prime-rated residential mortgage. Unlike traditional fixed-income options, PRIMOs™ offer very low risk, seeking yields of 6% or better and a level of transparency and customization that has never before existed.
Using Income&’s next-generation platform, a portfolio of PRIMOs™ can be selected in one simple click or customized based on preferences for geography, risk, or desired yield. With the invention of the PRIMO™, Registered Investment Advisors (RIAs) and accredited investors will have access to something previously available only to hedge funds and investment banks.
In December 2015, Income& announced its success in raising $2.9 million in combined seed funding and capital committed to support company operations. In March 2016, Income& made the final round in SXSW’s marquee startup competition in the Payment and FinTech category.
Income& CEO Brad Walker said, “As an online investment marketplace, Income& is excited and honored to be selected as a finalist for PitchIt @ LendIt USA 2016, the highest profile event in the online lending space.”
“Our PRIMO has the ability, as a product with higher yields and lower risk, to revolutionize the fixed income market and we greatly look forward to presenting our breakthrough financial product and platform to the esteemed panel of judges, and all of our industry peers.” Walker added.
For more information about LendIt and to view the complete list of finalists, visit the following site: http://www.lendit.com/usa/2016/pitchit
For more information on Income&, visit http://www.incomeand.com.
About Income&:
Income& (http://www.incomeand.com) is a San Francisco-based financial technology company focused on redefining the fixed-income marketplace. Today’s traditional fixed-income options feature either frustratingly low yields or exceedingly high risk. That’s why Income& invented the PRIMO™, a new type of fixed-income investment that is simple, transparent, and soon available to everyone. With higher yields and lower risk, PRIMOs™ are revolutionizing the marketplace and raising the bar for fixed-income investing.
David Wachsman, Wachsman PR, http://www.wachsmanpr.com, +1 2128352511, [email protected]
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