In response to the sharing economy advances empowered by applications such as Airbnb and VRBO, that enable every property owner virtually anywhere in the world to generate income from renting a spare room to an entire vacation property, WSGF’s has endeavored to help more people become property owners by making real estate purchase finance more accessible through a Peer to Peer (P2P), Fintech, Alternative Short-Term Rental Purchase Finance Application (App).
Vaycaychella has built an application that enables entrepreneurs seeking investment to post their target property purchases and/or property renovation projects for consideration by private investors. In addition to posting their project, the Vaycaychella app enables entrepreneurs to post their own personal profiles so investors can consider both the experience and character of the entrepreneur in addition to the fundamentals of the property or renovation project.
After a successful beta test of the Vaycaychella App, WSGF is skipping a second phase of the beta test and going straight to a production launch. The feedback from the beta test has gone into an update of the App. The company is now finalizing its customer support capabilities for the production launch.
Last year, WSGF acquired Vaycaychella and made Vaycaychella its primary business focus. WSGF is in the process of changing its name to reflect the new business focus.
Vaycaychella, prior to being acquired by WSGF, built a pilot alternative finance business for short-term rental vacation properties backing a portfolio of beach rentals in the Caribbean. Vaycaychella built a portfolio valued at $1.2 million.
Vaycaychella’s pilot was weighted with a social responsibility intent. The majority of properties are located in Cuba and empower local entrepreneurs and create jobs.
Vaycaychella founders are excited about what their alternative finance services can do for empowering entrepreneurs in developing economies around the world, at the same time empowering entrepreneurs everywhere.
Vaycaychella has continued to expand its portfolio since coming under WSGF notably adding a Boutique Hotel in Havana, Cuba expected to be opening soon.
The company has already started on Vaycaychella 2.0 with crowdfunding and cryptocurrency functionality expected to be available later this year.
WSGF recently released a comprehensive, overall business update in conjunction with its recently published FY2020 Annual Report. Follow the link below to see the full update:
To learn more and keep up with the latest updates at Vaycaychella, visit https://www.vaycaychella.com/. At the company website, you will find a blog with frequent industry publications on the short-term rental market in general, as well as entries specific to Vaycaychella.
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
William “Bill” Justice