Fast-Growing Fintech Company Commits to Northeast Ohio
Fund That Flip, a technology, real estate and financial services company dedicated to providing real estate developers with new sources of capital and software, has announced plans to expand their operations in Northeast Ohio. In 2017, the company opened a second office Cleveland, which currently employs 31 team members. Fund That Flip plans to increase their headcount significantly by adding more than 120 new hires.
The company was ranked as no. 42 on Inc. Magazine’s list of 500 fastest-growing private companies in America and will broaden their product offering and technology-drive solutions with the expansion.
Fund That Flip CEO, Matt Rodak, a John Carroll University alumnus, cited the business-friendly environment and talented workforce in Northeast Ohio as key decision-making factors for selecting Cleveland.
“In opening the Cleveland office, our goal was to leverage the first-rate talent pool, productive mindset, and Midwestern grit that set Northeast Ohio apart,” said Matt Rodak. “Fund That Flip’s exponential growth is directly linked to building an award-winning team in Cleveland. We look forward to further growing our operations and helping revitalize the local economy and communities.”
Ohio’s support for the company is the first critical step to secure the expansion opportunity in the Cleveland area. A team of the Greater Cleveland Partnership, JobsOhio and Team NEO continues its collaboration to ensure the company furthers its expansion here.
“We appreciate the confidence that Fund that Flip has in the Greater Cleveland market,” stated Joe Roman, President & CEO of the Greater Cleveland Partnership. “GCP remains committed to the company’s long-term success and looks forward to supporting the company going forward.”
“Fund That Flip’s decision to make such a significant investment in Northeast Ohio’s workforce is a testament to the emerging fintech industry here,” added Team NEO CEO Bill Koehler. “We are delighted to work with JobsOhio and the Greater Cleveland Partnership as Fund That Flip continues to grow and prosper here.”
About Fund That Flip
Fund That Flip is the leading online platform for investing in short-term residential real estate debt. Their award-winning fintech platform focuses on raising capital for the residential rehab loan market and passive wealth generation for peer-to-peer lenders. With offices in New York City and Cleveland, Fund That Flip helps restore communities across the United States through its network of experienced, dedicated redevelopers backed by a diverse base of institutional and individual investors. Fund That Flip ranked on the 2019 Inc. 500 list of the nation’s fastest-growing private companies.
About Greater Cleveland Partnership
With more than 12,000 members, the Greater Cleveland Partnership (GCP) is one of the largest metropolitan chambers of commerce in the nation. GCP is focused on driving the economic vitality of our region through building a strong and thriving climate for the broad business community, including small businesses, middle-market companies and large corporations.
About Team NEO
Team NEO is a private, nonprofit economic development organization accelerating business growth and job creation throughout the 18 counties of Northeast Ohio. As the designated JobsOhio Network Partner, we align and amplify local economic development efforts in Northeast Ohio’s 18-county region; we conduct research and data analysis to inform local conversations and influence solutions; we market Northeast Ohio as a region; and we work to increase access to jobs, education and training for the region’s 4.3 million people.
JobsOhio is a private, nonprofit corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion efforts. JobsOhio works with six regional partners across Ohio: Appalachian Partnership for Economic Growth, Dayton Development Coalition, One Columbus, REDI Cincinnati, Regional Growth Partnership and Team NEO.