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Komfie Manalo, Opalesque Asia:

Alternative asset investment platform YieldStreet reported that it has surpassed $100m in loans funded in less than eight quarters from accredited investors and single family offices. YieldStreet was founded by Milind Mehere and Michael Weisz.

In a statement, YieldStreet reported a strong 2016, growing its monthly investor sign ups by 1700% and loan origination by 300% from January to December. The company closed 2016 with a $19.8m short-term corporate receivables offering. After launching the offering, which had a target annualized yield of 20%, YieldStreet saw $19.8m invested within eight hours. In Q1, the demand has continued to increase with several multimillion dollar offerings selling out in minutes.

Mehere commented. "Our mission is to help build prosperity for all by making alternative investments part of every investor portfolio and not just hedge funds and institutions. We are proud to have returned over $40m in principal and interest back to our investors, hopefully helping them achieve their desired financial well-being. Technology is key to our growth, combining data and risk management fundamentally changes how we should think about financial planning and wealth management."

Mehere noted that investors appear to recognize the increasing demand for the company's investment offerings as t......................

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