Boca Raton, FL, April 17, 2024 (GLOBE NEWSWIRE) -- Janover Inc. (Nasdaq: JNVR) (“Janover” or the “Company”), an AI-enabled platform for commercial real estate transactions, today announced that it achieved significant year-over-year growth in lenders on its fintech platform in 2023, providing borrowers with access to a broad range of competitive loan products.
Key Highlights (2023 vs 2022)
- 766% increase in banking originator sign ups
- 647% increase in credit union originator sign ups
- 445% increase in the 'other' category sign ups, including debt funds, private groups, life insurance companies, family offices, and REITs
Reflecting its strong market presence, Janover has achieved substantial penetration based on the FDIC active commercial banking and NCUA data as of December 31, 2023:
- 30% of all active FDIC-insured banks are on Janover's platform
- Approximately 11% of all active FDIC-insured banks are now represented by a verified banker on Janover's platform
- Over 6% of all active NCUA insured credit unions are on Janover's platform
“We have made significant progress over the last year and as we continue to expand our lender partnerships and national coverage,” said Blake Janover, Chairman, and CEO of Janover Inc. “Notable partners include Ameris Bank, Bank OZK, TD Bank, and Zions Bank, among others. We have observed impressive growth in the number of unique lenders we have closed deals with since 2019, a testament to our expanding market presence and commitment to growing the platform. Our AI-enabled platform powers faster, smarter commercial transactions. Additionally, our suite of commercial real estate, small business, and other loan products make sourcing, evaluating, and closing the right opportunities frictionless, driving better outcomes for all. The growth and engagement we are witnessing within our lender community underscores the trust and confidence financial institutions place in Janover in facilitating access to multifamily, commercial real estate, and SBA loans.”
About Janover Inc.
Janover is an AI-enabled platform for commercial real estate transactions. The Company seeks to revolutionize the commercial real estate lending market by making it hyper-efficient, transparent, and accessible to all rather than the few. Through the Company’s online platform, it provides technology that connects commercial mortgage borrowers looking for capital to refinance, build, or purchase commercial property, including, but not limited to, apartment buildings, to commercial property lenders. Borrowers include, but are not limited to, owners, operators, and developers of commercial real estate including multifamily properties and most recently, a growing segment of small business owners, which Janover believes represents a significant growth opportunity. Lenders include small banks, credit unions, REITs, Fannie Mae® and Freddie Mac® multifamily lenders, FHA® multifamily lenders, debt funds, CMBS lenders, SBA lenders, and more. Additional information about the Company is available at: https://janover.co/.
To view the latest investor presentation, please visit https://ir.janover.co/.
Forward-Looking Statements
This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) the effect of and uncertainties related the ongoing volatility in interest rates; (ii) our ability to achieve and maintain profitability in the future; (iii) the impact on our business of the regulatory environment and complexities with compliance related to such environment; (iv) our ability to respond to general economic conditions; (v) our ability to manage our growth effectively and our expectations regarding the development and expansion of our business; (vi) our ability to access sources of capital, including debt financing and other sources of capital to finance operations and growth and other risks and uncertainties more fully in the section captioned "Risk Factors" in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
Contact:
Crescendo Communications, LLC
Tel: 212-671-1020
Email: jnvr@crescendo-ir.com
