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Invest Next Door

From EverybodyWiki Bios & Wiki
Invest Next Door
InvestNextDoor Logo.png
Type
Private
IndustryFinancial Technology
Founded 📆
Founder 👔
  • Tabitha Creighton
  • Lisa Ohman
Headquarters 🏙️,
114 W. Magnolia Street, Suite 400, Bellingham, Washington 98225
,
United States
Area served 🗺️
United States
ServicesLoan Financing
Members
Number of employees
Websitewww.investnextdoor.com
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]

  • Crowdfunding
  • Crowdsourcing
  • Peer-to-peer lending

References[edit]

External links[edit]

This article "Invest Next Door" is from Wikipedia. The list of its authors can be seen in its historical. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.