Thursday, June 18, 2015 2:28:13 PM
OTTERDAM, THE NETHERLANDS and NEW YORK, NY--(Marketwired - Jun 18, 2015) - Symbid Corp. (OTCQB: SBID) www.symbidcorp.com
Symbid -- the financial technology brand behind The Funding Network™, where companies get funded and grow -- today announced the launch of its own loan crowdfunding product. The launch means Symbid now offers both equity and loan crowdfunding in addition to traditional and other alternative funding options via The Funding Network™ including angel investing, venture capital and bank loans. Loan crowdfunding by Symbid will make use Symbid's internally developed monitoring tool and independent treasury management agency Catena -- spin-off of leading risk management firm Zanders. It is a professional and more transparent alternative to current online lending options for both investors and entrepreneurs.
"We're delighted to launch our own loan crowdfunding product within the service offering of The Funding Network™. By bringing peer-to-business loans in-house we're staking our claim as the go-to European platform for entrepreneurs in search of funding. With a monthly transaction volume above $50 million, The Funding Network™ by Symbid is now connecting alternative and traditional finance," said Korstiaan Zandvliet, co-founder and CEO of Symbid Corp. "Using our advanced monitoring tool and independent pricing, we're confident that loan crowdfunding at Symbid is an improvement on the current market standard. Giving investors ongoing insights into the performance of the business means full transparency and professionalism. This launch is a big milestone in our mission of simplifying the way small businesses are funded."
Symbid is launching a new, more entrepreneurial way of crowdfunding loans which, based on advanced investing, monitoring and data tools, enables full transparency between investor and entrepreneur. Investors receive their return on a quarterly basis while monitoring the performance of their investment -- including its risks and rewards -- through a user-friendly KPI dashboard. Both equity and loan investments can be made from one account, meaning Symbid now has online investing covered. The pricing of each loan -- the interest rate paid by the entrepreneur to their investors -- is objectively determined by Catena Investments.
By offering both equity and loan crowdfunding Symbid expects serve an even broader group of entrepreneurs with funding. FIZ lawyers, specializing in alternative finance, is providing legal support for the Loan Crowdfunding by Symbid product. "Symbid's take on loan crowdfunding is innovative because it gives investors a deep insight into the performance of the businesses to which they have lent money. We see this degree of transparency as a huge step forward in the world of alternative financing," said Jurian Snijders of FIZ lawyers.
The launch improves Symbid's offering to entrepreneurs by introducing a trusted market alternative to current online lending services. Entrepreneurs connecting to The Funding Network™ are brought to the right type of funding as efficiently as possible. This can mean crowdfunding (loan or equity), traditional funding options, or a combination of both. With the launch of loan crowdfunding Symbid is aiming to become the go-to funding platform for both investors and entrepreneurs.
The first business to be funded via Loan Crowdfunding by Symbid is CareRate, a healthcare review app. The investment opportunity is now live on the Symbid platform.
Recent TREE News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 08:02:27 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/15/2024 09:39:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 08:57:47 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/13/2024 08:57:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 08:40:25 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/31/2024 08:50:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 08:49:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 08:26:20 PM
- LENDINGTREE REPORTS SECOND QUARTER 2024 RESULTS • PR Newswire (US) • 07/25/2024 08:10:00 PM
- U.S. Index Futures Mixed After Tech Sell-Off, Oil Prices Drop on Weak China Demand and Ceasefire Expectations • IH Market News • 07/25/2024 10:21:35 AM
- LendingTree, Inc. to Report Second Quarter 2024 Earnings on July 25, 2024 • PR Newswire (US) • 07/15/2024 08:30:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 07/12/2024 04:15:09 AM
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 07/11/2024 08:54:47 PM
- Honeywell Acquires CAES Systems for $1.9 Billion, Sarepta Therapeutics Surges 34%, Gilead Continues Gains • IH Market News • 06/21/2024 12:00:38 PM
- LendingTree Announces Chief Financial Officer Transition, Additional Leadership Promotions • PR Newswire (US) • 06/18/2024 09:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/18/2024 09:29:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:40:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:40:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:38:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:37:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:37:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/13/2024 08:36:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/13/2024 08:34:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 08:53:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 10:35:53 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM