Alex Rodriguez, the former New York Yankees star, and billionaire partner Marc Lore have recently invested $20 million in a new venture after suffering a loss in their SPAC (special purpose acquisition company) and Minnesota Timberwolves issues. This new venture, called Tiller, is a digital platform that will provide financial advice to consumers.
Rodriguez and Lore had previously partnered to form a SPAC, which was intended to acquire a company and take it public. However, the SPAC was unsuccessful and the pair had to dissolve it. This was followed by an issue with the Minnesota Timberwolves, which Rodriguez and Lore had acquired in 2020. The pair had to sell the team due to financial difficulties.
Despite these setbacks, Rodriguez and Lore have decided to invest $20 million in Tiller, a digital platform that will provide financial advice to consumers. The platform will offer personalized advice based on users’ individual financial goals and objectives. It will also provide users with access to financial tools and resources to help them make smarter decisions.
The platform is expected to launch later this year and will be available on both iOS and Android devices. Rodriguez and Lore believe that the platform will help people make better financial decisions and achieve their goals. They also hope that it will help people become more financially literate and make better decisions about their money.
Rodriguez and Lore are confident that their investment in Tiller will be successful. They believe that the platform has the potential to revolutionize the way people manage their finances and make better decisions about their money.
It remains to be seen whether Rodriguez and Lore’s investment in Tiller will be successful. However, it is clear that the pair are determined to make the most of their recent setbacks and are investing in a venture that could potentially help people make better financial decisions.
Source: Plato Data Intelligence: PlatoAiStream