Small Business Bonds: SMBX Raises $2.5 Million Seed Round
Summary
SMBX, an online investment platform issuing securities under Reg CF, has raised $2.5 million in seed funding in a round led by Better Ventures with participation from Impact America Fund (IAF), Unpopular Ventures and others, according to a note from the company. SMBX is a crowdfunding platform that issues small business bonds providing access to capital to smaller firms. Along with the seed round announcement, SMBX states that two new bond offerings have just been listed on the platform. We are especially excited to open new pathways to capital for small business owners affected by COVID-19 and give everyday people the ability to invest in the small businesses in their community.” SMBX allows individuals to invest for as little as $10 and earn up to 9% return, via monthly payments of principal and interest. SMBX says that for businesses it offers competitive interest rates of between 4-9%, doesn’t require a personal guarantee.