Crowdfunding Receivables Start-Up, P2Binvestor, Receives $1.2 Million Series A Investment

Picture Courtesy of Bruce Morgan

Picture Courtesy of Bruce Morgan

P2Binvestor, the emerging leader in crowdfunded receivables financing, today announced it has raised a Series A investment round of $1.2 million in a combination of equity and warrants from entrepreneur John Spiers, Rockies Venture Club investors and numerous other investors. P2Binvestor will use the investment to further expand its software platform and increase sales, marketing, finance/credit and business operations to meet market demand for crowdfunded receivables financing. This funding follows the company’s August 2012 initial seed investment and is expected to help grow the business to scale.

The P2Binvestor platform offers businesses competitive, efficient access to working capital with the unique marketing benefits inherent in crowdfunding. At the same time it allows investors with whom it has established relationships to buy into a portfolio of business receivables and earn market-based returns.

“Social funding is a fresh, timely way to access working capital and our clients immediately see the benefits of relational, crowd-based funding to their businesses. We are actively looking for companies who are interested in social funding,” said Bruce Morgan, CEO and co-founder, P2Binvestor. “Bank credit remains tight, as illustrated by the fact that 67 percent of small businesses were unable to secure bank loans in the first quarter of last year.1 At P2Binvestor, we are bringing together like-minded entrepreneurs and investors to support and grow businesses while providing investment returns collateralized by business receivables.”

P2Binvestor has taken the popular peer-to-peer (P2P) lending model and applied it to business receivables. P2Binvestor’s innovative people-to-business (P2B) social funding approach offers small business owners competitively-priced working capital loans while offering short-term, asset-backed investment opportunities.

“P2Binvestor is poised to disrupt the $136 billion receivables finance market with crowd-based lending,” said John Spiers, Colorado-based entrepreneur and co-founder of LeftHand Networks and NexGen Storage. “Many emerging and small businesses are challenged to obtain the short-term working capital needed to grow and flourish. I’m thrilled to see P2Binvestor fill this market gap with an innovative approach that provides businesses with an easy, low cost, relationship-driven way to fund operations and support their success.”

As a new business that leverages technology innovation to benefit small businesses and investors, P2Binvestor will showcase its business model today, September 16, at Denver Startup Week at the Tech Cocktail reception in the McNichols Building. P2Binvestor is vying to be named “Denver’s Hottest Showcasing Startup.”

P2Binvestor was founded in early 2012 by the father-daughter duo Bruce Morgan and Krista Morgan along with former E*TRADE financial executive, Todd Mackay. Bruce Morgan, a 30-year technology industry veteran, has led numerous technology and software companies including Spatial Technologies, iTi Corporation and MS3D Technologies. Serving as P2Binvestor’s chief marketing officer, Krista Morgan is an experienced digital marketing executive who has led worldwide campaigns for companies that include Barclays and Coca Cola’s London Olympics campaign. Todd Mackay has advised, grown and led financial technology companies for 20 years and was an officer of E*TRADE during its formidable growth years.

About P2Binvestor

P2Binvestor is the emerging leader in crowdfunded receivables financing. P2Binvestor has taken the popular peer to peer (P2P) lending model and applied it to working capital financing for businesses. P2Binvestor’s innovative peer-to-business (P2B) social funding approach delivers an online marketplace that offers small business owners competitively-priced working capital loans. P2Binvestor has been providing businesses’ receivables financing since December 2012.

Source: pymnts.com

Link: http://www.pymnts.com/news/businesswire-feed/2013/september/16/crowdfunding-receivables-start-up-p2binvestor-receives-1-2-million-series-a-investment-20130916005463

Tags: , , , , , ,

HEADLINE NEWS

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news [...]

GlobeNewswire (press release)RollerCoaster Tycoon Seeks Crowdfunding for Switch VersionIGNBy Alex Gilyadov Atari has launched a crowdfunding campaign to bring a new RollerCoaster Tycoon game to Nintendo Switch. The campaign is on the StartEngine platform, where Atari is seeking betwee [...]

Houston Business JournalHouston company launches energy crowdfunding platformHouston Business JournalThe new platform will let investors fund projects in relatively small increments that Minshew expects to average between $800 and $1,800, with the companies raising capital generally c [...]

The Straits TimesCrowdfunding sites have seen donors giving up to $100000The Straits TimesWhile most donors give amounts ranging from tens to hundreds of dollars, there are a few who have given single donations of up to $100,000 to charitable causes through crowdfunding sites. The lar [...]

NBCNews.comCrowdfunding helps former NFL player bring heat back to Baltimore ...NBCNews.comFormer NFL linebacker Aaron Maybin, 29, couldn't sit in silence earlier this month when Matthew A. Henson Elementary School in Baltimore, Maryland lost heat and electricity during the winte [...]

ForbesHow This Millennial Built A 7-Figure Business Using Equity CrowdfundingForbesWhen he asked them to help fund his company's crowdfunding campaign, they delivered—exceeding his initial goal fourfold and ranking it one of the fastest and most successfully funded companies on R [...]

The Straits TimesCrowdfunding sites have received $100k donations, Singapore ...The Straits TimesSINGAPORE - While most donors give between tens to hundreds of dollars, there are a few who have given single donations of up to $100000 to charitable causes through crowdfunding sites.. R [...]

VentureBeatNightmarchers seeks crowdfunding for a postapocalyptic trip to HawaiiVentureBeatThe action role-playing game Nightmarchers is adding a tropical twist to the end of the world. Developer Wyrmbyte crafted a postapocalyptic version of the Hawaiian island Oahu, incorporating loc [...]

The Sydney Morning HeraldEquity crowdfunding plugs the bank gap for Revvies Energy StripsThe Sydney Morning HeraldMr Nolan-Neylan says he expects the equity crowdfunding deal will cost between 7 per cent and 10 per cent of the amount being raised, or $25,000, and the deal was for up t [...]

NEWS.com.auVictims of John Warboys launch crowd-funding appeal for legal review of parole board decisionNEWS.com.auVictims of John Warboys launch crowd-funding appeal for legal review of parole board decision. VICTIMS of a “black cab rapist” who drugged and assaulted women rally again [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

CrowdFund Beat Media

2018 Fintech World Conference & Workshop, Announcement:Game Changer” Fintech World Media, PR & Marketing Group Proudly Presents: lnkd.in/gqdCrTr

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |