Press release -
Europes's fastest-growing crowdfunding platform is launching in the Baltics
- Crowdfunding has become almost mainstream in the Nordic countries, reports Kristiina Pääkkönen, in charge of FundedByMe’s Baltic operations. The Finnish company Beibamboo raised close to € 60 000 through our platform in August 2013, and Goodio Cools, also based in Finland, raised € 50 000 in January 2014. In total, more than € 4.4 million has been raised through our service. Lithuanian Smash Tennis Booking and Estonian YesCredit launching internationally via crowdfunding Several entrepreneurs from all over Europe are presently campaigning in the FundedByMe service. Lithuanian tennis booking service and an Estonian payday loan service launched their campaigns to find equity investors in Tech Chill Baltics. SMASH Tennis Booking is the next booking .com for tennis and other sports. Their campaign started on 4th February, and they are seeking € 125 000 to scale to Spain and Denmark. They found partner in Riga 13th February and agreed on establishing business in Latvia. YesCredit is offering short term loans to private consumers of up to € 1000 for the maximum period of 90 days. YesCredit want to change the way consumers manage their cash flow. YesCredit’s campaign started on 11th February, and they are seeking € 160 000 to launch in Baltics. Registering into the crowdfunding service is free-of-charge. FundedByMe does not charge any fees from the investors, but the entrepreneurs pay a fee based on the success of the campaign. – Crowdfunding enables the company to test its business idea, and to find a support network and funding for its business operations, allowing it to launch international operations, says Kristiina Pääkkönen. |
Topics
- Art, Culture, Entertainment
Categories
- baltics
- startup
- fundedbyme
- crowdfunding
- equity crowdfunding europe
The rise of FundedByMe since its launch in 2011 has been epic. In the past three months the company received a White Bull Bully Award, was listed as one of Wired UK’s top 100 startups and was named one of the top 100 websites in Sweden by InternetWorld. In March 2012 the platform had raised €100,000 for companies needing funding. By March 2013 that figure had risen to just over €2 million. In February 2014 that number is expected to exceed a total of €4.5 million raised from its 32,000 registered members for both equity and reward-based crowdfunding. This figure is steadily in line with the Nesta (National Endowment for Science Technology and the Arts) Report titled ‘The Rise of Future Finance’, which estimates that crowdfunding will see a 600% growth in the coming year.
FundedByMe is the fastest-growing crowd financing platform, connecting investors and entrepreneurs – be it through reward-based crowdfunding or with equity offers. Founded in April 2011 in Sweden, FundedByMe today operates with additional offices in Finland, Denmark, Norway, Spain, Italy, Germany, The Baltics and Singapore.
For more
information, visit www.fundedbyme.com.
