27 Feb —

Equity Crowdfunder Symbid Corporation Begins Trading on OTCQB


Equity Crowdfunder Symbid Corporation Begins Trading on OTCQB


NEW YORK, Feb. 24, 2014 /PRNewswire/ Symbid Corp. (OTCQB: SBID) Symbid Corporation (“Symbid”), an online funding platform that helps private investors, SME-entrepreneurs and start-ups come together in a secure ecosystem, announces it has become publicly listed on the OTC Markets exchange. The company will trade on a segment of the OTC Markets, OTCQB, under ticker symbol "SBID." Investors can find current financial disclosures and quotes for the company on http://www.otcmarkets.com/stock/SBID/quote.


JOBS Act Allows Symbid to Develop Entrepreneurial Freedom:

The SEC has allowed equity based crowdfunding for accredited investors in 2013 and is expected to allow non-accredited investors to participate in the future. In April 2012, Forbes identified Symbid as one of the companies poised to profit from the JOBS Act.


“As a leader in equity crowdfunding, Symbid believes this to be the perfect time to enter the US market with the JOBS act in law, said Korstiaan Zandvliet, Chief Executive Officer of Symbid Corporation. “The essence of the JOBS Act, the essence of crowdfunding, is the democratization of the world’s financial system. The assessment and preference of the crowd that decides to invest based on an entrepreneur’s ability to perform and deliver, allows funding to conquer the limitations of our current financial system. The JOBS Act was created to allow access to capital by those who have been denied it in the past, contributing to an immense entrepreneurial and financial freedom. We look forward to expanding our platform through Europe and introducing it to the US crowdfunding marketplace.”

Through the platform and Symbid Groups, Symbid connects a diverse network of investors comprising over 18,000 European investors that have funded 30 companies for a total of 3 million euro.  Based in the Netherlands, entrepreneurs use Symbid to obtain business growth funding from the crowd in exchange for an equity stake in their company. Investors can participate with a minimum investment of as little as $25, and become shareholders in start-up companies or small and medium enterprise (“SME”) companies in need of capital. The crowdfunding platform enables investors to easily invest in a selection of companies as well as communicate directly with the company and other investors. The companies and business plans have been tested, and the entrepreneurs follow a coached trajectory that prepares them for their financial funding round.


Korstiaan Zandvliet, CEO of Symbid, says to be very happy with the cooperation between VERA Community and Symbid: “Female entrepreneurship remains underexposed despite is scope. Thanks to VERA it’s now possible for Symbid to stimulate entrepreneurship in this area. Additionally, we can introduce investors to propositions and entrepreneurs that strive to create a social value and possible favorable return on investment. Finally, the investors know that the propositions are being coached by VERA; a clear hallmark of quality.”.


Symbid Delivers Fully-Equipped Equity Funding Ecosystem:

Over the last four years, the Symbid team has engaged in the development of a rapidly emerging industry throughout Europe: Equity-Based Crowdfunding. What was once considered a groundswellapproach for the funding of creative projects and an easy way to collect online donations, has evolved into a new method for venture funding.


Unlike most of the crowdfunding platforms, Symbid is an established, revenue producing company that is currently active and growing rapidly in Europe. The Symbid platform, which was officially launched in the beginning of 2011, took several years to unroll before resulting in a crowdfunding ecosystem delivering a diversified revenue stream through sales of valuation software (Equidam.com), on-going education programs for accountants, licensed white label solutions, and crowdfunding fees. Symbid and its affiliated companies, Gambitious B.V. and Equidam Holding B.V., provide a complete crowdfunding ecosystem that educates entrepreneurs, provides company valuations, raises capital, and allows a peer-to-peer secondary market.


Symbid Provides Structural Value Creation and Authoritative Expansion:

The Symbid management team includes industry leaders Korstiaan Zandvliet and Robin Slakhorst. Symbid’s platform is one of the most robust in the field boasting a banking grade back-end system. Additionally, the financial streams on Symbid platforms are governed by a European banking license. Symbid’s legal and fiscal structure has been in development for more than two years and continues to be tested and further built up in coordination with international professionals such as BDO Netherlands and AKD Legal Services.


Additionally, Symbid is co-founder and council member of the CAPS initiative; an accreditation standard for crowdfunding platforms. In Europe, Symbid is a founding member of the European Crowdfunding Network and the founding entrepreneurs are members of the Advisory Board of the European Commission that aims to structurally improve small and medium sized business funding.


Major angel investors in the company include financial professionals from the United States and Europe, as well as the Dutch based investment firm Soops Investments. BDO Netherlands was a significant contributor to Symbid and served as an advisor to complete the US listing.


About Symbid Corporation

Symbid is a global leader in online equity financing through its proprietary online funding platform that helps private investors, SME-entrepreneurs and start-ups come together in a safe and secure online ecosystem. Entrepreneurs can pitch their business ideas to investors, and investors get the chance to invest in profitable and game-changing ideas. In doing so, Symbid brings together all relevant parties that are necessary for successful funding.


Based in the Netherlands, Symbid is a US listed company on the OTC Markets’ “OTCQB” under the ticker symbol SBID. The company acquired a US listing through the advisory services of BDO Netherlands. For more information, please visit: www.symbid.com.