One of the continent’s fastest growing and most exciting equity crowdfunders has quietly forged a powerful alliance with a leading Dutch financial advisory firm.
Symbid and Credion will be partnering to deliver a hyper efficient online finance hub – capable of offering a range of services that go above and beyond pure equity crowdfunding activities. Credion will reportedly be processing the entire funding of its 1,200 clients (carrying an anticipated funding volume for 2015 of $850 million) via the Symbid platform. Symbid – an established, publicly listed, equity crowdfunder – boasts an impressive array of online tools for deal making and monitoring. It is that technological edge that appears to have lured the allegiance of Credion.
"With our crowdfunding platform growing exponentially, this agreement validates Symbid's tiered business model and sees our crowdfunding brand expand into online deal-making and monitoring while adding new funding options. This partnership is the keystone of our funding platform and, alongside our upcoming European roll-out, means we're adding solid monthly recurring revenue streams. It is now possible for the first time to track the real-time performance of SME investments with high-quality financial reporting. This technology means one of the biggest risks associated with SME investing is covered by Symbid.”
"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."
There’s heaps to absorb here. For those of you that remain slightly confused as to the nature of this arrangement, we’ve summarized its key components below:
Carlo van der Weg of Credion summarized:
"Working together with others to identify new ways to improve access to capital is a hallmark of our company philosophy. Streamlining the way in which entrepreneurs find that crucial investment is a goal we share with Symbid. The open funding portal we're creating with Symbid means we can connect all our clients with the right investors while also attracting, venture capital, investment funds and other financial firms."
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.