EXCLUSIVE: Gaucho Unveils New Financing Arm, Targets $100M in Vineyard Lot Revenue
Portfolio Pulse from Anusuya Lahiri
Gaucho Group Holdings, Inc (NASDAQ:VINO) has launched a new fintech mortgage lending division, Gaucho Open Asset Lending (GOAL), to provide self-financed mortgage options for its luxury vineyard real estate project, Algodon Wine Estates. The company aims to generate $80M-$100M in revenue from vineyard lot sales and plans to expand GOAL's services across Argentina.
May 30, 2024 | 11:30 am
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Gaucho Group Holdings has launched a new fintech mortgage lending division, GOAL, to provide self-financed mortgage options for its luxury vineyard real estate project, Algodon Wine Estates. The company aims to generate $80M-$100M in revenue from vineyard lot sales and plans to expand GOAL's services across Argentina.
The launch of GOAL is a significant strategic move for Gaucho Group Holdings, potentially generating substantial revenue and diversifying its income streams. The expansion into fintech lending in Argentina could disrupt the local market and provide new growth opportunities.
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