Equity Crowdfunder Symbid Corporation Begins Trading on OTCQB
February 25 2014 - 7:15AM
Marketwired
Equity Crowdfunder Symbid Corporation Begins Trading on OTCQB
Company to Use Listing to Accelerate the Rollout of Its Services
in the US and Europe
NEW YORK, NY--(Marketwired - Feb 25, 2014) - Symbid Corporation
("Symbid") (OTCQB: SBID), an online funding platform that helps
private investors, SME-entrepreneurs and start-ups come together in
a secure ecosystem, announces it has become publicly listed on the
OTC Markets exchange. The company will trade on a segment of the
OTC Markets, OTCQB, under ticker symbol "SBID." Investors can find
current financial disclosures and quotes for the company on
http://www.otcmarkets.com/stock/SBID/quote.
JOBS Act Allows Symbid to Develop Entrepreneurial Freedom: The
SEC has allowed equity based crowdfunding for accredited investors
in 2013 and is expected to allow non-accredited investors to
participate in the future. In April 2012, Forbes identified Symbid
as one of the companies poised to profit from the JOBS Act.
"As a leader in equity crowdfunding, Symbid believes this to be
the perfect time to enter the US market with the JOBS act in law,"
said Korstiaan Zandvliet, Chief Executive Officer of Symbid
Corporation. "The essence of the JOBS Act, the essence of
crowdfunding, is the democratization of the world's financial
system. The assessment and preference of the crowd that
decides to invest based on an entrepreneur's ability to perform and
deliver, allows funding to conquer the limitations of our current
financial system. The JOBS Act was created to allow access to
capital by those who have been denied it in the past, contributing
to an immense entrepreneurial and financial freedom. We look
forward to expanding our platform through Europe and introducing it
to the US crowdfunding marketplace."
Through the platform and Symbid Groups, Symbid connects a
diverse network of investors comprising over 18,000 European
investors that have funded 30 companies for a total of 3 million
euro. Based in the Netherlands, entrepreneurs use Symbid to
obtain business growth funding from the crowd in exchange for an
equity stake in their company. Investors can participate with a
minimum investment of as little as $25, and become shareholders in
start-up companies or small and medium enterprise ("SME") companies
in need of capital. The crowdfunding platform enables investors to
easily invest in a selection of companies as well as communicate
directly with the company and other investors. The companies and
business plans have been tested, and the entrepreneurs follow a
coached trajectory that prepares them for their financial funding
round.
Symbid Delivers Fully-Equipped Equity Funding Ecosystem: Over
the last four years, the Symbid team has engaged in the development
of a rapidly emerging industry throughout Europe: Equity-Based
Crowdfunding. What was once considered a groundswell approach
for the funding of creative projects and an easy way to collect
online donations, has evolved into a new method for venture
funding.
Unlike most of the crowdfunding platforms, Symbid is an
established, revenue producing company that is currently active and
growing rapidly in Europe. The Symbid platform, which was
officially launched in the beginning of 2011, took several years to
unroll before resulting in a crowdfunding ecosystem delivering a
diversified revenue stream through sales of valuation software
(Equidam.com), on-going education programs for accountants,
licensed white label solutions, and crowdfunding fees. Symbid and
its affiliated companies, Gambitious B.V. and Equidam Holding B.V.,
provide a complete crowdfunding ecosystem that educates
entrepreneurs, provides company valuations, raises capital, and
allows a peer-to-peer secondary market.
Symbid Provides Structural Value Creation and Authoritative
Expansion: The Symbid management team includes industry leaders
Korstiaan Zandvliet and Robin Slakhorst. Symbid's platform is one
of the most robust in the field boasting a banking grade back-end
system. Additionally, the financial streams on Symbid platforms are
governed by a European banking license. Symbid's legal and fiscal
structure has been in development for more than two years and
continues to be tested and further built up in coordination with
international professionals such as BDO Netherlands and AKD Legal
Services.
Additionally, Symbid is co-founder and council member of the
CAPS initiative; an accreditation standard for crowdfunding
platforms. In Europe, Symbid is a founding member of the European
Crowdfunding Network and the founding entrepreneurs are members of
the Advisory Board of the European Commission that aims to
structurally improve small and medium sized business funding.
Major angel investors in the company include financial
professionals from the United States and Europe, as well as the
Dutch based investment firm Soops Investments. BDO Netherlands
was a significant contributor to Symbid and served as an advisor to
complete the US listing.
About Symbid Corporation Symbid is a global leader in online
equity financing through its proprietary online funding platform
that helps private investors, SME-entrepreneurs and start-ups come
together in a safe and secure online ecosystem. Entrepreneurs can
pitch their business ideas to investors, and investors get the
chance to invest in profitable and game-changing ideas. In doing
so, Symbid brings together all relevant parties that are necessary
for successful funding.
Based in the Netherlands, Symbid is a US listed company on the
OTC Markets' "OTCQB" under the ticker symbol SBID. The company
acquired a US listing through the advisory services of BDO
Netherlands. For more information, please visit:
www.symbid.com.
For more information about Symbid Corporation, please contact:
Europe Sharpe Financial Communication Mr. M.Beers +31 6-
37 231 293 mark.beers@sharpefinancial.com United States
Proactive Capital Group Adam Holdsworth adamh@proactivecapital.com
646-862-4607
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