New York, NY and Rotterdam, NL – August 11, 2015:
Symbid – the financial technology brand behind The Funding Network™, where companies get funded and grow – today announced the approval of Symbid Italia as an equity crowdfunding platform by the Italian financial regulator, CONSOB. Symbid’s expansion to Italy, the first fully regulated equity crowdfunding market in the world, means it becomes one of the first international equity crowdfunding platforms. A joint venture with Banca Sella, Symbid Italia will launch in Q4 2015 under the management of Italian Business Angel of the Year and President of Italia Startup, Marco Bicocchi Pichi.
“As one of the first equity crowdfunding platforms worldwide we’re delighted to now be one of the first to internationalise,” said Korstiaan Zandvliet, co-founder and CEO of Symbid Corp. “The potential for equity crowdfunding in Italy is huge with small businesses being so crucial to the national economy and yet underfunded. As a leading figure in the Italian startup world, we’re delighted to have Mr. Bicocchi Pichi on board our mission to simplify the way small businesses are funded. This announcement is a major milestone in the growth of our pan-European online funding platform, The Funding Network™, connecting traditional and alternative finance.”
Symbid Italia will operate as an equity crowdfunding platform for Italian start-ups and represents the first stage of a European roll-out of The Funding Network™ by Symbid, an online funding platform connecting small businesses to all types of finance, traditional and alternative, including bank loans, venture capital, angel investing, equity and loan crowdfunding. With a monthly transaction volume of $50 million, Symbid is aiming to become the go-to funding platform for investors and entrepreneurs throughout Europe. Symbid is to date the most established to platform to gain CONSOB approval, alongside several others.