Florida-based Downpayments rocks the real estate fintech world with massive funding

TLDR: Downpayments, a real estate fintech start-up, has launched its services in Florida with $32.8 million in debt and equity funding. The company aims to provide property investors with interest-free down payments on their next home purchase by leveraging their existing equity, without the need to refinance or give up their current low fixed rates on other properties. The start-up plans to use its initial capital to facilitate over $200 million in investment property transactions. Downpayments was founded by Godfrey Dinh, the CEO and founder of Australian firm Futurerent, which offers similar financing services to property investors.