Crowdfunding is going to accelerate new ventures!
Small businesses have been called the lifeblood of our economy, and today a financial services startup has picked up a significant round of funding to help it circulate better. Funding Circle, a UK-based peer-to-peer lending platform that lets individuals and institutions loan money to small businesses, has picked up a $37 million round of funding. Along with this, it’s announcing plans to take its business to the U.S., its second market, in a merger with San Francisco-based Endurance Lending Network. Its ambition, in the words of co-founder and CEO Samir Desai, is to become the “NYSE for small business lending.”
Going into the U.S. will also bring Funding Circle a fresh wave of competition. Today, by virtue of the JOBS Act, there are already a number of platforms for crowdfunding initiatives, with Kickstarter and Indiegogo among the more popular. Now, new, more relaxed crowdfunding rules being proposed by the…
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