Janover Inc. (NASDAQ: JNVR), an AI-enabled B2B fintech marketplace connecting commercial property borrowers and lenders with a human touch, saw its share prices move a shade below breakeven Monday. The Boca Raton, Fla-based company announced that it has acquired Groundbreaker Technologies, Inc., a profitable Software-as-a-Service platform for commercial property professionals to raise equity capital and manage investors through an easy-to-use fintech portal.
Groundbreaker is a specialized SaaS platform designed to simplify capital fundraising and investment administration in the commercial real estate industry. By offering an intuitive portal, it enables real estate professionals to efficiently manage equity capital, investor relations, and document sharing, fostering a seamless and professional investment experience. The platform also facilitates secure financial transactions and offers robust customer relationship management tools, aiming to enhance transparency and engagement between property developers and investors.
CEO Blake Janover stated, “This is an exciting moment for us. Jake and the team at Groundbreaker have built a world-class platform that reduces friction in raising and deploying capital into commercial real estate.
“We are uniquely positioned to seamlessly insert Groundbreaker’s product directly into Janover’s ecosystem that benefits from our highly automated, AI-enhanced sales and marketing funnel, which is laser-focused on our joint core customers. We believe this is a perfect fit, as we have had nearly 90 million impressions on Google search over the last 12 months and we want to improve our likelihood of being able to satisfy every visitor. By adding highly complementary, premium products to our suite of offerings, we create happier, stickier, and more profitable customers.”
JNVR shares lost two cents, or 2.2%, to 85 cents.