Symbid Gains Italian Equity Crowdfunding License
Online funding platform Symbid internationalises with CONSOB approval, growing The Funding Network™
11 AUGUST 2015, ROTTERDAM, THE NETHERLANDS AND NEW YORK, NY
SummarySymbid – 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.
Frans GunninkPartner - Sharpe Financial Communications. email@example.com
Founded in April 2011 as one of the first investment crowdfunding platforms worldwide, Symbid is The Funding Network™, 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, Symbid (www.symbid.com) has successfully funded 70 small businesses for a total capital sum of $7.5 million. With over 40 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 www.symbidcorp.com.