Real estate startups have a palpable presence on the third annual Forbes Fintech 50, featuring the top companies in the financial technology (fintech) sector. According to Forbes, $27.4 billion was invested in fintech startups in 2017, which marked a 16 percent increase from the previous year, and with seven real estate startups among the top 50, there’s a lot of money being spent to disrupt the industry. “It’s not surprising that there are so many real estate financial technology companies populating the Forbes Fintech 50,” said Brendan Wallace, the co-founder and managing partner of Fifth Wall Ventures, a real estate venture capital firm, in an interview with Inman. “Real estate is the world’s largest asset class and the largest capital market. And it is clearly one of the least efficient as real estate capital markets have been laggards in the adoption of technology.” In real estate, many of the big-name proptech companies are focused on consumer service…
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