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

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 […]

The post Crowdfunding Receivables Start-Up, P2Binvestor, Receives $1.2 Million Series A Investment appeared first on CrowdFund Beat.

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