This week we were proud to be featured in the Yorkshire Post. Bernard Ginns, the paper's Business Editor, interviewed our founder Daniel Rajkumar.
'Funds website aims to cash in as firm favourite'
Published in Yorkshire Post on Monday 20 August 2012
A YOUNG entrepreneur from Leeds is launching a new crowdfunding website to offer better returns to savers and help small businesses access desperately needed finance.
The fund-raising has valued the pre-revenue company at more than £2.5m, he told the Yorkshire Post.
Mr Rajkumar has enlisted the help of well-known figures from the regional business community, including former Yorkshire Bank director Gary Lumby and Yorkshire IoD director Kenton Robbins, to develop the business.
Mr Rajkumar said: “Essentially it’s been really difficult for businesses to get funding from the banks, which have withdrawn from the market.
“A lot more of the growth globally is happening in the Far East and Africa so there is not much incentive to lend to businesses in the UK.
“At the same time, a lot of savers and lenders do have the appetite to earn a better return. The website is a place for these people to get together and agree debt-based deals.”
Click here to read the full story: http://www.yorkshirepost.co.uk/business/business-news/funds-website-aims-to-cash-in-as-firm-favourite-1-4849579
'Funds website aims to cash in as firm favourite'
Published in Yorkshire Post on Monday 20 August 2012
A YOUNG entrepreneur from Leeds is launching a new crowdfunding website to offer better returns to savers and help small businesses access desperately needed finance.
The fund-raising has valued the pre-revenue company at more than £2.5m, he told the Yorkshire Post.
Mr Rajkumar has enlisted the help of well-known figures from the regional business community, including former Yorkshire Bank director Gary Lumby and Yorkshire IoD director Kenton Robbins, to develop the business.
Mr Rajkumar said: “Essentially it’s been really difficult for businesses to get funding from the banks, which have withdrawn from the market.
“A lot more of the growth globally is happening in the Far East and Africa so there is not much incentive to lend to businesses in the UK.
“At the same time, a lot of savers and lenders do have the appetite to earn a better return. The website is a place for these people to get together and agree debt-based deals.”
Click here to read the full story: http://www.yorkshirepost.co.