Symbid is on a mission to simplify the way small business
are funded through the use of efficient and transparent technology. Founded in
the Netherlands in 2011, Symbid was one of the world’s first investment
crowdfunding platforms. Through The Funding Network™, the company gives
entrepreneurs direct access to all forms of finance – including equity-based
crowdfunding and reward or donation based platforms. As of May 2015, The
Funding Network recorded a monthly transaction volume of more than $50 million with
considerable potential for generating future revenue streams.
Earlier this year, Symbid built upon the recent success of
The Funding Network by adding a new peer-to-business loan product. Loan
crowdfunding by Symbid, which makes use of the company’s proprietary monitoring
tool and independent treasury management agency, enables a more transparent
alternative to current online lending options for both investors and
entrepreneurs.
“Following its launch in March, the 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. “We are starting to reap
the commercial benefits of our newly launched investing, monitoring and data
tools as we continue to innovate at the forefront of online funding.”
In the second quarter of 2015, the company leveraged the
marketability of the newly expanded offerings of The Funding Network platform
to realize a 28 percent year-over-year increase in total revenues, reporting
$92,370 for the period. Symbid expects to continue its ongoing release of new
products and services with the launch of an exclusive deal-making tool by the
end of this year.
In an effort to expand its market share in the
rapidly-evolving crowdfunding market, Symbid recently announced a strategic
partnership with DNOB, a funding platform for entrepreneurs led by Hans
Biesheuvel, former chairman of MKB Nederland. In addition to providing DNOB
with access to over 50 professional financiers and 32,000 private investors,
the partnership is expected to allow Symbid to rapidly increase its monthly
transaction volume in order to solidify its position as the top entrepreneurial
funding platform in the Netherlands.
Symbid’s ongoing efforts to expand its presence in the
crowdfunding market make it an intriguing investment prospect moving forward.
The company currently estimates The Funding Network’s 2015 transaction volume
at $800 million, and the persistent addition of revolutionary new features is
creating a significant opportunity for additional growth. Look for Symbid to
leverage this performance as it continues to promote maximized shareholder
value.
For more information, visit www.symbid.com
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