Suggestions
Michael Wong
Founder and CEO at Up&Up
Michael Wong is the Founder and CEO of Up&Up, a company that aims to redefine the rental experience by allowing renters to build wealth while renting.1 He founded Up&Up in 2017 and has been leading the company since then.1
Professional Background
Prior to founding Up&Up, Michael had a successful career in finance:
- He worked at Morgan Stanley for 10 years, from July 2006 to 2016, as a Vice President.1
- During his time at Morgan Stanley, he focused on renewable energy, real estate, affordable housing investments, and oil derivatives and physical crude oil trading.1
Education
Michael Wong holds a B.A. in Economics from Yale University, which he earned between 2002 and 2006.1
Up&Up
As the CEO of Up&Up, Michael is leading a company that:
- Allows renters to participate in rental profits from day one.2
- Offers renters the potential to earn up to $11,000 over 5 years through their rental arrangement.2
- Provides options for renters to either put their earnings towards purchasing the home, transfer their Up&Up Wallet to another property in the network, or cash out at the end of their lease.2
Vision and Motivation
Michael's vision for Up&Up was inspired by a personal experience helping a friend who was struggling with the traditional rental market. This led him to create a business model based on fair deals, similar to arrangements made between friends and family, with the goal of helping people achieve their financial objectives sooner.2
Under Michael's leadership, Up&Up has seen significant growth. Recently, the company announced raising over $300 million in equity and debt to scale up their operations.3
