Small business crowdfunding platform Seedrs announced a collaboration with commercial finance broker Finpoint, reports in Crowdfund Insider said on Thursday (March 22).
The publication said U.K.-based alternative lender Seedrs is collaborating with Finpoint to facilitate services to small businesses looking to scale. Finpoint will expand Seedrs’ financing opportunities as well as link the alternative lender to key partners like the Federation of Small Businesses’ FSB Funding Platform. Meanwhile, Finpoint will promote Seedrs-related investment opportunities to its own users.
“Our strategic partnership with Finpoint will widen the support offering to those businesses, whilst at the same time leverage their network of investors to further drive investment into British businesses,” said Seedrs Investor Manager Adam Reeve in a statement.
“This unique partnership will allow us to provide our technology-led, high-quality customer service to a new segment of high-growth businesses,” added Finpoint CEO Rainer Plentl. “With as many as 50 percent of high-growth businesses being hampered in their ability to scale up due to lack of access to funding, we believe this is an exciting time for Seedrs and Finpoint to collaborate in order to better connect businesses with available investment options.”
Seedrs operates as a way for businesses to raise equity funding via crowdfunding. Last year, FinTech startup Revolut announced plans to raise more than $5 million via the Seedrs platform.
“We know that we will do a crowdfunding, and we also want to promote premium,” Revolut Founder and CEO Nikolay Storonsky told Business Insider at the time. “So, that’s why we’re telling people we will do crowdfunding for sure, but to guarantee yourself a spot, you need to get premium.” He went on to note that the round will most likely take place this summer and run consecutively alongside a Series B funding round for as much as £50 million ($62.6 million).