Tellus

@jeffery_widjaja Hi Jeffery! Tellus is not a registered investment advisor and is not acting as a broker dealer under any federal or state securities laws. In the future, Tellus may offer certain securities for sale. When we do, all securities sales (whether done on a registered or unregistered basis) will be done in compliance with the corresponding regulatory requirements. As for availability, unfortunately at this time Boost is only open to users in the US. Please stay in touch as we may open this up in the future!

@jeffery_widjaja Hi Jeffery! Just curious, what country are you in? As we think about expansion we'd love to see where interest is coming from.

@myster_t Right ok, I see. I'm in the UK, but you might need to be regulatory compliant with the FCA here (SEC equivalent) for this!

@nycortex Hi Yaniv! Great question, we actually get that one a lot! We're proud to say that we chose not to offer a FDIC account like every other competitor on the market because this allows us to offer much higher rates. FDIC insurance is backed by the government and protects up to $250k in case a bank defaults. As a result, the government has put in limitations on what those funds can be used for. The government does not want banks to make too much money on what is essentially free money to them despite the government taking on all the risk. Instead of insuring our funds through FDIC, we secure them with real estate mortgages, allowing us to pay you a much higher rate than the banks. If you're looking for a place to park your money with a government guarantee and willing to lose purchasing power to inflation, then a standard FDIC account at a bank would be best for you. However, if you're looking for a much higher rate to beat inflation that happens to be secured by a stable alternative asset class (real estate mortgages in this case), then we are the right product for you!

@joanne_poon Thank you for the support, Joanne 😊

@kiana_moattari Hi Kiana, great question! Like banks, we lend out funds secured by real estate mortgages and keep a portion of the interest as revenue. What's different is that we don't have the same operating overhead as a large bank (we don't have physical branches throughout the country and do not need to employ an army of people just to operate). As a result, when we lend out funds, we are able to pay out more of the interest directly to our users.

@shanegeldbach We appreciate your support, Shane!

@eeshun303 Hi Ebenezer, thank you for your support and interest in our product! Unfortunately at this time, Boost is only open to users in the US. Please stay in touch as we may open this up in the future!

@vnguyen25 Hi Vicky! We are a company of individuals passionate about the real estate industry. When we took a look at different ways individuals have been traditionally able to gain exposure to this asset class, we noticed a big gap in investment opportunities for the average investor. The system isn't fair - you either had to be wealthy to buy property directly or connected with big institutions to gain access to lucrative, secured, high-yield loans. We built our boost account to challenge this status quo. The average saver leaves their money with the bank and makes no interest, only to have the bank turn around and lend out that money for much higher rates. We are taking the bank's business model and stripping out all the excessive operating overheads. We don't need branches throughout the country and do not need an army of individuals staffing these locations. Instead, as a fintech company, we choose to operate lean and are able to pass these higher rates directly to our users.