FinovateSpring 2013 / P2Binvestor
Presenter Profile:
How they describe themselves: P2Binvestor is the first crowdfunded receivables finance company. We provide businesses with competitively priced working capital while offering the crowd returns of 7-12% APR. Our website is operational and open to Accredited Investors, average earnings are 9.5% APR.
How they describe their product/innovation: P2Binvestor has created a platform that allows investors to buy into a portfolio of business receivables and earn good returns. We give investors the ability to examine underwriting information about clients and choose which receivables portfolio to buy into. Investors own a percentage of every invoice in a portfolio and earn their returns in cash every month. Investors can liquidate part or all of their portfolios without fees with 60 days notice.
Contacts:
Bus. Dev. & Press: Krista Morgan, CMO, kmorgan@p2bi.com, 720-326-6939
Sales: R. Bruce Morgan, CEO, bmorgan@p2bi.com, 303-588-8185
Website: p2bi.com
Twitter: @p2binvestor
HQ Location: Louisville, CO
Founded: February 2012
Product Demoed: P2Binvestor lending platform
Product Launch: May 2013
Metrics: $250,000 raised to date, 5 employees, 207 registered users
- Key Executives
Bruce Morgan (CEO), Krista Morgan (CMO), Clayton McIlrath (CTO), Todd Mackay, (Strategy & Development), David Fellows (CFO), Kevin Andresen (VP Operations)
Key Stats
- Key Advisory Board Members
Peter Renton, LendAcademy.com