ROTTERDAM, THE NETHERLANDS and NEW YORK, NY — (Marketwired) — 02/05/15 — Symbid Corp. (OTCQB: SBID) (), one of the first investment crowdfunding platforms worldwide, today announced the closing of its Private Placement Offering as one of a few companies to raise finance at a price 100% higher than its listed U.S. stock price. The funding will support both vertical and horizontal expansion of the Company–s business model with new products and geographies being added in the first quarter of 2015. Symbid Corp. placed 1,250,000 shares at $0.50, raising a total of $625,000 from its global investor base to support the growth of the Company–s online funding platform.
“Management is delighted we were able to conduct this funding round at double our stock price. This confirms that our investors are in full support of our business strategy as we expand from an equity crowdfunding platform to a broader network of funding,” says Korstiaan Zandvliet, CEO of Symbid. “It–s especially pleasing that both existing and new shareholders across Europe and the United States can recognize our true value. We would like to thank all Symbid investors for their continued participation in our mission to simplify the way small and medium-sized businesses are funded through innovative financial technologies. Together we–re building the world–s first integrated network of SME finance.”
Symbid became the first crowdfunding platform worldwide to be publicly listed in December 2013. The Company has since evolved into a leading financial technology brand while growing its product portfolio. This latest funding round was concluded with a number of well-known Silicon Valley technology investors. Their investment follows a signed agreement with financial advisory firm Credion to channel an expected $860 million worth of transaction volume through the Symbid funding network in 2015. Symbid is introducing loans to its platform as a result of this partnership, with more funding options being added in the second quarter of 2015.
“Our investment in Symbid is based on a firm belief that this company has the potential to disrupt the financial world by creating a transparent and efficient online network of SME funding and asset management. The signed deal with market leader Credion is evidence that Symbid is now really starting to deliver on this potential,” says Hendrik Kasteel, former Managing Director of Deutsche Telekom. “We anticipate online funding to become the next big thing in finance, and we–re confident that Symbid can utilize its first mover advantage to lead this process. I–m excited to watch Symbid develop throughout 2015.”
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.
Founded in April 2011 as one of the first investment crowdfunding platforms worldwide, Symbid allows non-accredited investors to invest online in start-ups and SMEs with as little as $27 in exchange for shares in those companies. Based in the Netherlands, Symbid has emerged as a global leader in investment crowdfunding due to an innovative technological infrastructure, user-friendly interface and commitment to providing a secure funding environment for both investors and entrepreneurs. As of December 2014, Symbid has successfully funded over 60 start-ups for a total capital sum of $7,300,000. Symbid became the first publicly listed crowdfunding platform worldwide in December 2013 (OTCQB: SBID). In 2015 the Company is expected to expand its product portfolio with several new (alternative and traditional) financial products in order to develop the Symbid platform towards an online funding network. Meanwhile, Symbid anticipates a European roll-out of its investment crowdfunding platform in Q1 2015. Please visit for more information.
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 and Form 10-Q, particularly under the heading “Risk Factors.” PDF copies of these forms can be viewed and downloaded on the Symbid Corp. Investor Relations website at .
Investor Relations (US):
Steve Gersten
Capital Markets Group
813-926-8920
Investor Relations (EU):
Frans Gunnink
Sharpe Financial
(+31) 629-541-542
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