P2Binvestor Raises $1.2 Million Series A Round

P2Binvestor, a Denver-based company and leader in crowdfunded receivables financing, has just announced a Series A investment round of $1.2 million from numerous investors, including Colorado-based entrepreneur John Spiers and Rockies Venture Club. The company will use this investment to further expand its software platform and increase sales, marketing and business operations.

 

Founded in early 2012 by father and daughter Bruce Morgan and Krista Morgan, along with former E*TRADE financial executive, Todd Mackay, P2Binvestor aims to disrupt the receivables financing market by applying the popular peer to peer (P2P) lending model to working capital financing for businesses. The platform offers small businesses competitive, efficient access to working capital loans, while providing investors with an opportunity buy into a portfolio of business receivables.

 

“Social funding is a fresh, timely way to access working capital and our clients immediately see the benefits of relational, crowd-based funding to their businesses,” CEO Bruce Morgan said in a press release announcing the Series A round. “At P2Binvestor, we are bringing together like-minded entrepreneurs and investors to support and grow businesses while providing investment returns collateralized by business receivables.”

 

Read the full press release.