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Tag Archives: Boulder

Finance-Technology Company Receives $2 Million Crowdlending Loan from Denver-Based P2Binvestor

11 Jul

New Peer-to-Business lender pools investment from more than 350 accredited investors to provide receivables-based, no equity loss loans for businesses

By Robert Hoskins

Denver, CO – Representing one of the largest single crowdlending transactions ever, P2Binvestor (P2Bi) announced that the crowdlender provided a $2 million line of credit to a Boulder-based Finance-Technology (Fin-Tech) client.  This credit line adds to P2Bi’s rapid growth and puts the young company on a run rate to achieve a lending portfolio of $25 million by the end of its fiscal year.

New Peer-to-Business lender pools investment from more than 350 accredited investors to provide receivables-based, no equity loss loans for businesses

New Peer-to-Business lender pools investment from more than 350 accredited investors to provide receivables-based, no equity loss loans for businesses

P2Bi is a crowdlending platform that provides working investment capital via three types of asset-based loans to small and midsize businesses:

  1. a receivables-purchase product;
  2. an asset-backed line of credit, and;
  3. a credit line secured by future contractual revenue.

“Our easy online application process, quick funding decisions, competitive rates, and crowdfunding model are what set us apart,” said Krista Morgan, P2Bi’s Co-founder and COO. “But at the end of the day, clients love doing business with us because we are genuinely interested in helping them grow. Securing growth capital shouldn’t be a cumbersome process. We make it easier for borrowers.”

The company and its crowd of accredited investors have the capacity to fund multi-million dollar credit lines, lend to companies in all 50 U.S. states, and work with businesses in various industries including technology, staffing, natural foods, manufacturing, and more.

P2Bi provides access to this pool of working capital for innovative, growing companies. It eliminates many of the barriers associated with traditional financing and the high costs associated with subprime commercial lending. The company uses technology and crowdfunding to lower its effective cost of capital to clients.

Established in 2012, P2Bi officially went to market in January 2014. To date, the company has originated financing to clients in six U.S. states in various industries that include technology, energy, staffing, natural foods, and construction.

P2Bi and its crowd of accredited investors provide businesses with flexible capital that can grow with them; line increases are available as clients need them. The company stands behind its financing by offering a rate guarantee that allows clients to transition, penalty free, to a credit line or term loan with another financial institution if they find a better interest rate.

“P2Binvestor’s funding is a long-term solution that also helps us tremendously in the short term as we aggressively scale our product. It allows us to defer an equity raise, which would have been otherwise unavoidable,” said a company spokesperson for P2Bi’s newest client and recipient of the $2 million credit line. The Boulder company asked not to be named as it prepares for its official public launch.

Both companies are alumni of Finovate, a prominent demo-based conference for innovative startups and established companies in the fields of Banking and  Fin-Tech. Finovate hosts a two-day showcase each spring and fall where leading Fin-Tech companies and startups present their technology business models.

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Velocity Kick Rolls Out Powerful New Marketing, Social Media Tool for Crowdfunding Platforms

10 Mar

Entrepreneurs, startups, academics and non-profits can use this social media scoring tool/CRM software tools to streamline crowdfunding campaign outreach and improve efforts to collect the first 30% of fundraising

By Robert Hoskins

Velocity Kick is cool a new marketing service that every crowdfunding platform should take a look at.   To date, the team has assimilated a lot of cool marketing tools and has built a pretty advanced back-end.  They are now running their final fundraising campaign on the new Ramen crowdfunding platform to fund the development of its GUI front-end interface. The campaign profile has $75 perks for individual campaign managers as well as $2,000 perks for crowdfunding platforms that will deliver 12-months of service. But you better hurry, their perks are almost all gone!

Velocity Kick's tools significantly reduce the time spent organizing contacts and prioritizing messaging, making it easy to undertake crowdfunding efforts.

Velocity Kick’s tools significantly reduce the time spent organizing contacts and prioritizing messaging, making it easy to undertake crowdfunding efforts.

Velocity Kick is one of the first purpose-built integrated marketing solution for crowdfunding aimed at improving campaign results.  With Velocity Kick, duplicated outreach is reduced and contact lists are sorted into groups, making unique, almost personalized message-targeting easy.  Velocity Kick’s first generation web app/service aggregates contacts from the address books and social networks of team members working on the same project and quickly merges and organizes them for use in campaigns.  Velocity Kick is currently running a $15,000 campaign of its own on the LAUNCH Hackathon winning platform, Ramen.

Now only 15 days in, Velocity Kick has raised $10,837 or 72% of its $15,000 goal, placing it comparatively in the Top 10% of projects successfully raised at Kickstarter, the largest crowdfunding platform in the industry.

Since announcing its own campaign, the company has attracted partners with non-profit organizations, venture capitalists and creatives currently managing campaigns.

“We’re already seeing money stream in from entrepreneurs who have run successful campaigns and their comments are all the same,” said Josh Baylin, the founder of Velocity Kick.  “They all wish they had these tools helping them reduce preparation time significantly.”

Upon completion of its own campaign, Velocity Kick’s planning tools and data-driven strategic outreach assistance will be only a few clicks away for campaign managers across the globe and across multiple platforms. Initially, Velocity Kick will be supporting campaign managers with targeted lists and data-driven campaign strategy insights.

“Our platform is going to be focused on improving the planning and campaign life-cycle of potential backers, news media and key influencers,” said Baylin.  “Already, we’ve got relationships in place with accelerators, crowdfunding platforms and campaign managers alike.”

Right now Velocity Kick is focused on “rewards” campaigns, or those hosted by platforms like Kickstarter, Indiegogo or others.  Ultimately, Velocity Kick believes campaign managers who are passionate about their projects and the vision should be focused on connecting with their core audiences.  And so it’s tool set is designed at improving how quickly campaign managers can find and reach that audience.

“Velocity Kick is crowdfunding made simple,” said Andy Abramson, CEO of Comunicano, the Del Mar, CA based value-creation communications agency. “Being able to automate and properly manage the communications efforts more quickly, means funding gets done faster, leaving more time for developers and entrepreneurs to make a great product.”

Velocity Kick will make its money charging users a fee for more advanced list building and reporting tools.

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