Small Business Debt Funding Platform Now Available on Your iPhone

August 20, 2019 | FinTech, News
https://dailyalts.com/wp-content/uploads/2019/08/shoe-sale-973517_1920-small-business-apple-app.jpg

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.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/11/mockup-5288033_640.jpg
Alternative Investments: Accelerate Launches An ETF For Alternative Assets
November 25, 2020     Alternative Investments, News

Accelerate Financial Technologies launched its OneChoice Alternative Model Portfolio in September. Aimed at hard-pressed advisors and portfolio managers, the strategy offered a quick and easy way to put together a…

https://dailyalts.com/wp-content/uploads/2020/11/bitcoin-4852534_640.jpg
Digital Assets: Japanese Financial Group SBI Launches Crypto Lending
November 25, 2020     Digital Assets, News

SBI Group (TYO: 8473) is launching a crypto lending service through SBI VC Trade, its crypto-focused exchange subsidiary. SBI said it will initially allow customers to tender only bitcoin (BTC),…

https://dailyalts.com/wp-content/uploads/2020/11/screenshot-www.hippo_.com-2020.11.25-17_21_34.jpg
FinTech: Hippo Insurance Gets $350M Funding From Mitsui Sumitomo Insurance
November 25, 2020     FinTech, News, Venture Capital

Hippo, the home insurance unicorn, announced Tuesday an investment of $350 million from Mitsui Sumitomo Insurance Company, Limited, a subsidiary of MS&AD Insurance Group Holdings, Inc. In July, Hippo raised…

https://dailyalts.com/wp-content/uploads/2020/11/carrots-4545665_640.jpg
Venture Capital: Astanor Ventures Launches $325M Fund For Impact Investing in Agtech

Based in Luxembourg, Astanor Ventures combines capital, technology, and sector expertise to invest in businesses that build regenerative, scalable, and nourishing food solutions. Using this philosophy, Astanor has invested in…