Addy has been “busy building something big” this year, the B.C.-based investment platform affirmed this month.
Since 2020, Vancouver-born addy has enabled Canadians to invest in specific, tangible real estate projects with as little as one dollar.
Now, the addy app has received “its biggest upgrade yet,” according to an update from the fintech startup.
Moving beyond the restrictions of its original vision, addy is seeking to build a “Marketplace for Alternative Investing.”
With its new app system, investors can hold multiple wallet cards, with each one being tied to an Exempt Market Dealer, granting access to their unique investment opportunities.
Additionally, Dealers will now manage their own wallet cards, which can speed up the payout process.
Meanwhile, a Legacy Card will hold a user’s past investments (and manage active distributions from said past investments).
Addy believes that this approach will result in more issuers, meaning more opportunities and ways to invest.
Initially, market dealers Atlas One Digital Securities and Equivesto Canada have joined the platform, with more dealers slated to onboard soon, according to the fintech.
The app is described as a “gateway to more alternatives—faster, smoother, and packed with more choice across web, Android, and iOS.”
Last year, addy stated that it is “committed to expanding investment opportunities that cater to various investor preferences and risk profiles” after launching a credit opportunity onto its digital investment platform for the first time.
The company also announced a collaboration with Canadian television star and real estate guru Scott McGillivray in 2024 after opening up its platform to all Canadians in 2023.
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