Declaree raises EUR 40 K via crowdfunding

No more need to store receipts with Declaree app

09 JANUARY 2014, ROTTERDAM, THE NETHERLANDS
Summary
9th of January 2013 – Declaree, the app that allows entrepreneurs and employers to instantly digitize the entire stream of receipts, successfully funded her crowdfunding campaign, with a raised capital of €40,000. During this investment round on Symbid, the largest equity-crowdfundingplatform in the Netherlands, founder Bas Janssen of Declaree was able to attract 69 private investors that jointly invested the goal capital.

Declaree currently has an Angel Investor who has funded the entire operational costs for 2014 (salary, rent, servers, software). The funds of €40.000 gathered via Symbid will be used to develop marketing and sales activities in order to realize the projected growth. Bas Janssen: ‘The extra investment makes it possible to substantially expand our client base. Our goal for investors is to double the value of the shares within 4 years; this means a yearly ROI of almost 20%.’

Bas Janssen is convinced that the success of the crowdfunding campaign is due to the fact that a lot of entrepreneurs and employers understand that process of declaring costs needs to become easier. Janssen: Practically all entrepreneurs but also a large amount of employees within organizations, make a lot of expenses they can claim. All the receipts of those expenses have to be kept and manually be transcribed to a form. The bookkeeper or accountant then has to type in all the data in an accounting software program, and keep this for 7 years to answer to legal obligations. Declaree makes this entire process much easier. With the Declaree app a picture is taken of the receipt. The claim is immediately forwarded to an online register accessible to the user and the accountant. The accountant can connect this register to his own software. This way the entire paper process is digitized and a lot of time (and money) is being saved.”.

Korstiaan Zandvliet, CEO of Symbid, is also enthusiastic about the application and the quick funding: ‘I am an entrepreneur myself and I am often carrying around a lot of receipts. I think this application will make life a lot easier for a lot of entrepreneurs, including myself. No more pockets that bulge with receipts, no more chance of loosing them, but everything in clear overview on my smartphone and laptop. I believe the crowd has recognized Declaree's added value, which explains the fast funding.’

About Declaree

Declaree offers entrepreneurs and employers the opportunity to immediately digitize the entire stream or receipts. From now onward, receipts will be filed via the mobile app, immediately processing the receipts to an online overview. Here, a manager can see all his employees' claims and approve or disapprove the claims. The bookkeeper can easily process the receipts to his own software package, increasing the speed and ease of the repayment. For more information visit: www.declaree.com

About Symbid

Symbid is a unique, online financing platform that helps private investors, SME-entrepreneurs and startups 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. Symbid is globally seen as a leader in online equity financing. For more information, please check: www.symbid.com

For more information about Declaree, please contact:

Bas Janssen (Founder) op 06-1806 4438 - or bas@declaree.com

For information about Symbid, please contact:

Mark Beers on +31 (0) 637 231 292 or mark.beers@sharpefinancial.com

Quotes
"The extra investment makes it possible to substantially expand our client base. Our goal for investors is to double the value of the shares within 4 years; this means a yearly ROI of almost 20%." Bas Janssen
"I think this application will make life a lot easier for a lot of entrepreneurs, including myself. No more pockets that bulge with receipts, no more chance of loosing them, but everything in clear overview on my smartphone and laptop." Korstiaan Zandvliet
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About Symbid

About Symbid

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.

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