ROTTERDAM, THE NETHERLANDS and NEW YORK, NY — (Marketwired) — 04/22/15 — Symbid Corp. (OTCQB: SBID)
, an online funding platform for start-ups and small businesses, yesterday received the Dutch FinTech Award for SME Finance following the launch of 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 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 “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 . 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.
Founded in April 2011 as one of the first investment crowdfunding platforms worldwide, Symbid is , where companies get funded and grow. As a leading online funding portal for small- and medium-sized enterprises, Symbid () gives entrepreneurs direct access to traditional and alternative forms of finance, while offering investors full transparency on the potential risks and returns of their portfolio. Advanced investing, monitoring and data tools ensure companies connecting to The Funding Network are financed in the most efficient way possible. Built around cutting-edge technology and expert financial advice, The Funding Network by Symbid is the go-to platform for entrepreneurs in search of funding and investors in search of exciting opportunities. As of March 2015, The Funding Network has a monthly transaction volume of $40 million with the potential for generating future revenue streams. With 50 funding partners already connected — including banks, venture capital, angel investors and 30,000 private (crowdfunding) investors — the total transaction volume of The Funding Network in 2015 is estimated at $800 million. Symbid Corp. is a U.S. publicly listed company (OTCQB: SBID). For investor relations, please visit .
This release may include predictions, estimates or other information that might be considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgement on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this release. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. The predictions discussed in this release are based on the personal opinions of certain individuals and are supported by a consensus within the crowdfunding industry and alternative finance world generally. For a more complete discussion of these predictions and certain risk factors which may affect our future business operations, please review our most recent Form 10-K, particularly under the heading “Risk Factors.” PDF copies of these forms can be viewed and downloaded on the Symbid Corp. Investor Relations website at .
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Press and investor relations:
Frans Gunnink
Sharpe Financial
(+31) 629-541-542
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