One of Europe’s first equity crowdfunding portals – Symbid – has evolved beyond a pure equity crowdfunding vehicle and into a multi-faceted funding portal.
The leading Dutch platform (formely equity-based) will henceforth also offer and/or facilitate: debt-based opportunities, leasing, factoring, venture capital, angel investment and fund and family office investment. It’s all part of the innovative platform’s drive to build an online, hyper-intuitive one-stop-shop – capable of servicing a range of funding needs and providing exposure to a host of disparate asset classes.
A milestone in that mission came in December last year when the platform partnered up with Dutch financial advisory firm Credion. The relationship meant that Credion would begin processing funding for its 1,200 strong business clientele (carrying an anticipated funding volume for 2015 of $850m) via the Symbid platform. The move also opened up the Symbid platform to Credion's broad base of investors – which includes banks, equity based solutions and private investors. Part of the lure for Credion was that Symbid offered more than equity crowdfunding, it also provided a unique set of online tools for deal making and monitoring.
According to Symbid, the platform is now capable of offering an exhaustively holistic service:
“We will get you to the right type of funding for your business – whether it’s equity or loan crowdfunding, a bank loan, or investment from an institutional or angel investor”.
Symbid has also announced that a broad rollout across Europe is in the pipeline. The increasingly hybridized funder is clearly engaged in a rapid expansion phase – in terms of investment, origination, product types and geographies. One to keep an eye on over the course of 2015.
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.