Landis Technologies, a rent-to-own firm founded by Berdugo and Tom Petit, is a startup that caters to consumers looking to own homes but can't afford the necessary capital for a downpayment. The company buys homes and rents it to tenants until they can qualify for a mortgage.
Landis Technologies recently received notable funding from celebrities Jay-Z's Roc Nation and Will Smith’s Dreamers VC, as well as Sequoia Captial and others for the sum of $165 million. “Financial inclusion is really important to us,” said Berdugo. “An aspect of Landis that we’re very proud to be a part of is wealth creation for low-income Americans. We make money when our client buys the house back,” said Berdugo. “If we leave money on the table, that’s our problem.”
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