Symbid Corporation (OTCQB: SBID) owns and operates an online
funding portal for small- and medium-sized businesses. Founded in 2011, the company
established a strategic advantage as one of the first investment crowdfunding
platforms in the world. In March, Symbid increased upon its presence in the
crowdfunding market through the launch of The Funding Network™. Built around
cutting-edge technology and expert financial advice, The Funding Network by
Symbid is the go-to platform for entrepreneurs and investors – including banks,
venture capitalists, angel investors and over 30,000 private investors – in
search of exciting business opportunities. As one of the first European
platforms to offer both equity-based and reward- and donation-based funding
options, Symbid’s network gives businesses the versatility required to receive
financing in the most efficient way possible.
In recent years, the global crowdfunding market has
experienced accelerated growth resulting from significant media coverage. In
2014, crowdfunding accounted for an estimated $16.2 billion in raised capital,
realizing a 167 percent increase over the previous year, according to a report
by CrowdSourcing.org. In 2015, analysts predict that the industry will continue
along its current trajectory, with an estimated $34.4 billion forecast to be
raised by the end of this year. With an established presence in the booming
industry, Symbid has had great success in capitalizing on this market
performance in recent months.
In the second quarter of 2015, Symbid recorded total revenue
of $92,370, marking a 28 percent year-over-year increase. In large part, this
growth can be attributed to the successful launch of The Funding Network, which
has seen a total transactional volume of more than $192 million since its
launch earlier this year. Moving forward, the company expects the performance
of its recently released platform to result in increased monthly recurring
revenue streams.
“[T]he diversified product portfolio of The Funding Network
is now taking shape, creating value for investors and entrepreneurs,” Korstiaan
Zandvliet, co-founder and chief executive officer of Symbid, stated in a news release.
“This has resulted in new monthly recurring revenue streams that we expect to
increase as we further integrate our products.”
Through the continued diversification of its product
portfolio, Symbid is in a favorable strategic position to increase its market
share in the thriving European crowdfunding industry. Look for the company to
continue building on the solid foundation provided by its recent financial
performance as it progresses toward its overarching goal of becoming the
leading European online funding platform in 2016.
For more information, visit www.symbid.com
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