SOURCE: Symbid


June 18, 2015 08:45 ET

Symbid Adds Loan Crowdfunding, Expands The Funding Network™

Online Funding Platform Adds New Peer-to-Business Loan Product, Backed Up by Monitoring Tool for Full Transparency

ROTTERDAM, THE NETHERLANDS and NEW YORK, NY--(Marketwired - Jun 18, 2015) - Symbid Corp. (OTCQB: SBID)

Symbid -- the financial technology brand behind The Funding Network, where companies get funded and grow -- today announced the launch of its own loan crowdfunding product. The launch means Symbid now offers both equity and loan crowdfunding in addition to traditional and other alternative funding options via The Funding Network including angel investing, venture capital and bank loans. Loan crowdfunding by Symbid will make use Symbid's internally developed monitoring tool and independent treasury management agency Catena -- spin-off of leading risk management firm Zanders. It is a professional and more transparent alternative to current online lending options for both investors and entrepreneurs.

"We're delighted to launch our own loan crowdfunding product within the service offering of The Funding Network. By bringing peer-to-business loans in-house we're staking our claim as the go-to European platform for entrepreneurs in search of funding. With a monthly transaction volume above $50 million, The Funding Network by Symbid is now connecting alternative and traditional finance," said Korstiaan Zandvliet, co-founder and CEO of Symbid Corp. "Using our advanced monitoring tool and independent pricing, we're confident that loan crowdfunding at Symbid is an improvement on the current market standard. Giving investors ongoing insights into the performance of the business means full transparency and professionalism. This launch is a big milestone in our mission of simplifying the way small businesses are funded."

Symbid is launching a new, more entrepreneurial way of crowdfunding loans which, based on advanced investing, monitoring and data tools, enables full transparency between investor and entrepreneur. Investors receive their return on a quarterly basis while monitoring the performance of their investment -- including its risks and rewards -- through a user-friendly KPI dashboard. Both equity and loan investments can be made from one account, meaning Symbid now has online investing covered. The pricing of each loan -- the interest rate paid by the entrepreneur to their investors -- is objectively determined by Catena Investments.

By offering both equity and loan crowdfunding Symbid expects serve an even broader group of entrepreneurs with funding. FIZ lawyers, specializing in alternative finance, is providing legal support for the Loan Crowdfunding by Symbid product. "Symbid's take on loan crowdfunding is innovative because it gives investors a deep insight into the performance of the businesses to which they have lent money. We see this degree of transparency as a huge step forward in the world of alternative financing," said Jurian Snijders of FIZ lawyers.

The launch improves Symbid's offering to entrepreneurs by introducing a trusted market alternative to current online lending services. Entrepreneurs connecting to The Funding Network are brought to the right type of funding as efficiently as possible. This can mean crowdfunding (loan or equity), traditional funding options, or a combination of both. With the launch of loan crowdfunding Symbid is aiming to become the go-to funding platform for both investors and entrepreneurs.

The first business to be funded via Loan Crowdfunding by Symbid is CareRate, a healthcare review app. The investment opportunity is now live on the Symbid platform.

This press release is for information purposes only and is not intended to constitute, and should not be construed as, an offer to sell or a solicitation of any offer to buy securities of Symbid Corp. (the "Company") in the United States, Australia, Canada or Japan or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction.

About Symbid Corp.
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 May 2015, The Funding Network has a monthly transaction volume of over $50 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

Safe Harbor Statement
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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