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BancBox’s Invest Platform Has Processed $4 Million on Behalf of 18 Companies

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BancBox, a company that provides payment processing APIs, announced some metrics about BancBox Invest, its product that helps online crowdfunding portal companies manage payments. 

BancBox Invest, which launched three months ago, targets debt, equity, and revenue share models. Here are some stats it shared, three months into operation:

    • 18 companies are using the Invest API, including SeedInvest and Angel RoundUp
    • It has processed $4 million on the platform
    • Average investor funding totals $15,000
    • Average escrow size totals $250,000

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According to TechCrunch, the parent platform BancBox:

“manages $100 million in consumer deposits daily in nearly 200,000 individual accounts. Its transaction volume has increased 100 percent to nearly $2 billion annually.”

BancBox demonstrated at FinovateSpring 2012 where it showcased its payments platform.