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Jay-Z and Will Smith are betting on a rent-to-own startup company that’s making homeownership more accessible to all. According to TechCrunch, the two business moguls have joined a group of investors for a $165 million Series A equity funding round for Landis Technologies — a company that helps people transition from renting to owning — through Roc Nation and Will Smith’s Dreamers VC. “We are proud to have invested in Landis,” Smith said in a statement. “Landis is an innovative company that also has a social mission we are aligned with. We are excited to be part of a journey that helps Americans achieve homeownership through financial education.” Neil Sirni — co-founder and President of Roc Nation’s venture investment arm Arrive — echoed Smith’s statement saying, “we believe that Landis is determined to build a company that consumers can trust. Our investment demonstrates our commitment to supporting Landis on their mission to make the path to homeownership more accessible,...
According to a 2015 report from PwC , millennials lack the financial education that they need to thrive in today’s world. The report found that over 40 percent of millennials relied heavily on costly payday loans and rent-to-own financing alternatives, and more than 20 percent made withdrawals from their retirement accounts. While parents may shake their heads at these figures, Kevon L. Chisolm, Esq. is one parent who believes the solution is simple — start early. Chisolm, who is president of Umoja Investments, LLC, began teaching his 11-year-old son , Kamari Chisolm, about finances at an early age. The need to share this knowledge with other young people led the father-and-son duo to establish Black Wallstreeter Consultation Services in 2019. The company works with schools to increase youth knowledge of building and retaining wealth through investments and other means. “It is important for youth to learn about how to build financial wealth and investing, because the sooner...