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
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.