San Francisco based fintech marketplace for small businesses bonds raised $11.5m in Seed funding led by Group 11.
"There’s a new generation of entrepreneurs emerging who want something different from finance. The SMBX provides them the opportunity to become Bond issuers instead of simply loan takers. As issuers, they can connect more deeply with their community of customers and create a virtuous cycle of wealth creation--where profits generated through lending, borrowing, and wealth growth are re-circulated and shared with their community," said Ben Lozano, CEO and co-founder of SMBX. “This is what this new generation of entrepreneurs want. And this is what The Small Business Bond provides.”