WATCH INTERVIEW HERE : https://www.youtube.com/watch?v=eiEbvbeIQZM&t=19s

Funder One Capital is very pleased to announce an interview that took place on Innovators with Jane King. On Sunday, September 13th, 2020, Jane interviewed Ced Celestin, Chief Operations Officer and Matthew Daniel, Chief Marketing Officer. This was an excellent way of providing insight to what Funder One Capital is about and how UBETS can help those interested in a new way of doing business in the real estate market.

The interview began with getting to know Mr. Celestin’s background. He has been in the mortgage industry for 30 years, which includes being an owner and operator of Sed & Sed, Inc. dba Firstar Mortgage, a Mortgage Banker. With his experience, he sees an opportunity to shake up the real estate market by utilizing blockchain to tokenize the property.

He explained how we live in an economy that is influenced by technology. For example, Amazon is dominating retail, UBER has taken over how people commute, Netflix is on top of how people are viewing their entertainment, etc. His vision is to bring technology to an untouched platform that is the mortgage system. This is by far the # 1 area that affects people around the world. Funder One Capital can assist by tokenizing property and using UBETS as the source of cryptocurrency. This form of smart contract helps create liquidity and eliminate the debt within 5 years, for its members.

Mr. Celestin further explained that due to COVID-19, investors predict that there will be mass foreclosures within the next 3 to 4 months, around the world. Funder One Capital would like to focus on the middle class, first time homeowners, first line responders, and military for real estate properties that are $200K plus. No other company is currently focused on this market.

Jane continued the conversation by asking how UBETS works and how does a member get involved? Ced explained, in a traditional home buying process, an individual would have to put 20% down on a $400K home, while providing good credit, income, bank statements, and tax reports. With UBETS, there is no loan since it is a peer to peer transaction. You would only need to prequalify on Funder One’s platform, open a UBETS wallet and deposit 10% of the value of the home in cryptocurrency. Once approved, a Funder One real estate agent will contact the member and assist with the purchase of the desired home. An approval letter will be provided, which entails an offer submitted to the seller. It should only take 45-60 days to close, where the agent will then provide the title, escrow, appraisal, and inspection. Finally, there is the closing and wiring of funds, which lead to the records and keys. This process also includes a membership fee for 5 years. Under this business model, Funder One has already closed two transactions.

Jane followed up with a question for Mr. Daniel on where UBETS is listed and where it will be listed next? Matthew stated, “their cryptocurrency is listed on Binance Dex and Probit, while working to become listed on Binance.US and Binance.com”. He went on to explain how the value of UBETS has increased from $1 to $220. These listings are where a member can purchase UBETS tokens for their first step in obtaining a home.

Jane was interested to hear where Funder One was at in regard to raising capital? Mr. Daniel explained, “we are in their 2nd round of raising capital and in the process of closing $21 million USD”. Funder One is currently filed with the SEC.

In conclusion, this platform was a wonderful way to bring attention to Funder One and how UBETS can be an excellent alternative for purchasing real estate. With this game changing business model, a member can make the process of owning a home easier, while saving money. This is the future of the mortgage industry, and Funder One will be leading the way.

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