Invest Next Door
| File:InvestNextDoor Logo.png | |
| Private | |
| ISIN | 🆔 |
| Industry | Financial Technology |
| Founded 📆 | |
| Founder 👔 |
|
| Headquarters 🏙️ | , 114 W. Magnolia Street, Suite 400, Bellingham, Washington 98225 , United States |
Area served 🗺️ | United States |
| Services | Loan Financing |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Invest Next Door is an online marketplace that enables accredited investors to provide loan financing directly to small and medium-sized enterprises in the United States. A peer to business financial platform was launched in May 2014 allowing businesses to create listings where they set rates and terms that investors can then bid upon.[1]
Background[edit]
Tabitha Creighton and Lisa Ohman are the founders of Invest Next Door, the first community-focused online peer to business investment marketplace.[2] Prior to InvestNextDoor, Tabitha spent several years working at Microsoft advising small and large companies on the use of technology.Lisa ran the Strategic Initiatives department at Active Network - a public software company recently acquired by Vista Equity Partners.[3]
Services[edit]
InvestNextDoor is a crowdlending marketplace where investors directly lend to small businesses within their community.[4] Instead of loans being issued through an intermediary, businesses use promissory notes for the borrowing contract with the investors.
Business Model[edit]
On the platform, small businesses create listings including how much they want to borrow and investors bid auction-style on the rate and amount they’re willing to invest. Once approved, Businesses pay a Listing fee and Service Fee. Investors pay $25 per investment.[5]
Awards and recognition[edit]
InvestNextDoor won the inaugural Outerwall Civic Venture Award for its efforts in working to drive positive change in local communities.[6]
Advisors[edit]
- Richard Swart – Director of Research, University of California
- Jim Creighton – Partner, Manifold Partners LLC
- Les Fabuss - Senior Managing Director, Evercore Partners
- Barry A. Abbot – Counsel, Lane Powell
See also[edit]
References[edit]
- ↑ JD Alois, “InvestNextDoor Bets on Community Impact with CrowdLending”, Crowdfund Insider, 25 August 2014.
- ↑ Sumari MacLeod, “InvestNextDoor a 'Crowdlending' Platform That Won't Let Antiquated Canadian Laws Slow It Down”, Techvibes, 2 September 2014.
- ↑ JD Alois, “InvestNextDoor Bets on Community Impact with CrowdLending”, Crowdfund Insider, 25 August 2014.
- ↑ AltiFi News, “Newly launched US platform to champion local lending”, AltFi News, 27 August 2014.
- ↑ JD Alois, “InvestNextDoor Bets on Community Impact with CrowdLending”, Crowdfund Insider, 25 August 2014.
- ↑ “Outerwall and Points of Light Announce Inaugural Award to Drive Positive Change in Local Communities”, CNN Money, 31 October 2014.
External links[edit]
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