Co-working space BHIVE launched a new fintech entity, BHIVE Investech, an asset-light fintech company that will focus on democratising the commercial real estate market by providing shared ownership of large value properties.
BHIVE raised $1 mn funding from existing and undisclosed HNI's, which will be used for team building, technological development, legal, compliance and marketing.
“In a way, we had already become a wealth management company for HNIs by raising money from them, giving regular reports and giving the returns as promised. We have huge brand equity with the HNI community in our ability to give them returns. BHIVE Investech FinTech entity is a very natural progression of that journey”, said Shesh Palikar, Co-founder & CEO, BHIVE.