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According to Bloomberg, Jay-Z and Will Smith recently teamed up to invest in Landis Technologies, a start-up company that helps low-income Americans become homeowners.
The start-up reportedly raised $165 million from several investors including Jay Z’s Roc Nation and Will Smith Dreamers VC.
"Financial inclusion is really important to us. An aspect of Landis that we're very proud to be a part of is wealth creation for low-income Americans," said Cyril Berdugo, one of the founders of Landis Technologies.
The founder continued, "We make money when our client buys the house back. If we leave money on the table, that’s our problem."
More on the story from Bloomberg here.