Small Business Debt Funding Platform Now Available on Your iPhone

August 20, 2019 | FinTech, News

Apple has approved the SMBX app, a small business debt funding platform for small business

Small business debt funding is now just a tap away.

Individuals have an alternative to their banks on their iPhones. SMBX, an app recently approved by Apple, helps small businesses that can’t access bank financing due to their insufficient credit history.

Small business debt funding  now on a phone app

SMBX, a regulated Reg CF crowdfunding platform, allows companies to issue a fixed interest rate “small-business bond” in increments of as low as $10.

Investors, too, can pick up these bonds on the SMBX platform by participating in these offerings.

Interestingly, the blockchain powers the transactions on the platform, including the smart contracts backing the bonds.

A secondary market exists on the same platform and therefore your phone

Subject to holding period limitations as imposed by the Reg CF securities regulations, bondholders may also trade in their bonds. The app also provides a secondary transaction platform for such trades.

Bernal Cutlery, a “globally renowned cutlery shop” located in the Bay Area, is currently issuing capital on the SMBX app.

Finally, investors who want to take part in small businesses debt funding can expect to receive a fixed monthly return of up to 8%.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…