31 Mar —

Symbid Secures $1m in Start-up Loans from Regional Development Fund


Rotterdam, the Netherlands – March 24, 2015 – Symbid Corp. [OTCQB:SBID] www.symbidcorp.com


 


Economic Board Utrecht pledges over $1m in growth capital to entrepreneurs on Symbid, The Funding Network™

 

Symbid, one of the first investment crowdfunding platforms worldwide and now , today announced a strategic partnership with Economic Board Utrecht (EBU), a Dutch regional economic development group, to support small businesses with over $1 million of funding. The partnership will provide local, sustainable initiatives with loan capital via The Funding Network™ by Symbid. EBU will contribute up to 25% of a start-up’s required growth capital while the 30,000 private (crowdfunding) investors and 40 institutional investors connected to The Funding Network™ will invest the remaining capital.

 

“Small businesses are the engines of our economies. It’s great to see a major economic organisation like EBU recognize this by committing over $1 million to innovative start-ups via The Funding Network™.” said Korstiaan Zandvliet, co-founder and CEO of Symbid Corp. “This collaboration is really about simplifying the way our small businesses find funding at a time when bank financing is increasingly out of reach. We believe that by connecting alternative and traditional finance with standardized data protocols, The Funding Network™ enables a more efficient and transparent way of doing business. Symbid sees this partnership as another step toward becoming the go-to funding platform for small business.”

 

 

Through the combination of Credion’s years of experience in financial deal-making, Symbid’s technological innovations and, of course, the crowd, we’re making safe online investment a reality for both investors and entrepreneurs.”

 

EBU’s partnership with Symbid encourages high-growth SMEs to seek investment via a more effective capital allocation service, The Funding Network™. Entrepreneurs connecting to The Funding Network™ can access all types of finance, traditional and alternative, through a standardized deal format. This partnership is an endorsement of the new, online model for the financial industry and validates Symbid as the go-to platform for SME funding.

 

[1] European Commission, Survey on the Access to Finance of Enterprises – Analytical Report 2014 (November 2014)

 

[2] Economic Board Utrecht, Economic Board Utrecht biedt MKB’ers nieuwe financieringsmogelijkheid’