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Invest Next Door

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Invest Next Door
File:InvestNextDoor Logo.png
Private
ISIN🆔
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]

References[edit]

External links[edit]


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