New York, NY and Rotterdam, NL – April 22, 2015:
Symbid, an online funding platform for start-ups and small businesses, yesterday received the Dutch FinTech Award for SME Finance following the launch of The Funding Network™ in March 2015. Over 100 companies have been funded via The Funding Network™ in less than 2 months for a total of $68.5 million. This award is recognition of Symbid’s commitment to simplifying the way small businesses are funded through innovative financial technology.
Symbid began as one of the first equity crowdfunding platforms worldwide and now offers multiple forms of corporate finance including bank loans, venture capital, angel investing and crowdfunding. The Funding Network™, in collaboration with its strategic partners, is on track for an expected transaction volume worth $800 million in 2015. Co-founder and CCO Robin Slakhorst collected the award on behalf of Symbid as the most innovative and disruptive Dutch market player in SME finance.
“We’re delighted to receive this award a few weeks after launching The Funding Network™. Our efforts in combining traditional and alternative finance in one online platform are really a means to an end. That end is a more efficient, transparent capital market for investors and entrepreneurs,” said Korstiaan Zandvliet, co-founder and CEO of Symbid Corp. “With 50 institutional and over 30,000 private investors already connected to The Funding Network™, we at Symbid are excited about our potential for helping to democratize finance.”
The Funding Network™ is a go-to platform for start-ups and small businesses in search of funding. Through advanced investing, monitoring and data tools Symbid is connecting traditional and alternative finance in a new, online model. With $68.5 million provided to small businesses via The Funding Network™ in its first 2 months, this award validates Symbid as a leading European player in financial technology. Although this funding volume does not currently equate to a significant revenue stream there is potential for a monthly recurring revenue model to be added in the near future.