Funding Wonder to Launch FINRA Registered Regulation Crowdfunding Platform
Online Lender will be Among the First to Offer Investments in Business Loans to Non-Accredited Investors
NEW YORK, Nov. 30, 2016 /PRNewswire/ -- Funding Wonder Crowd, LLC, the operator of an online lending platform focused on small business loans, has been approved by FINRA (the Financial Industry Regulatory Authority) as a licensed Regulation Crowdfunding Funding Portal. This means that anyone aged 18 or older will now be able to invest in private debt securities offered by small to medium businesses on the Funding Wonder marketplace subject to 12-month investment limits. The new site will go live on January 16, 2017.
Funding Wonder Crowd affiliate, Funding Wonder Capital, LLC operates a business lending site at fundingwonder.com that offers high net worth "accredited" investors the ability to invest in small business loans. Recently, with the adoption of Regulation Crowdfunding under the Jumpstart our Business Startups Act of 2012 (JOBS Act), the SEC and FINRA have been registering funding portals to offer investments in private companies to the general public. Funding Wonder Crowd is in the process of onboarding the initial business loan offerings for the new portal which will take over the current site at fundingwonder.com.
"Funding Wonder is taking a leadership position in the democratization of the finance industry," said Michael Mildenberger, CEO of Funding Wonder. "For the first time, small investors have the same opportunity as high net worth individuals and institutions to directly participate in alternative investments such as small business lending. This not only expands investment options for investors, but also provides increased access to capital for the many small businesses that are vital to our economy."
Funding Wonder recognized the gap in small dollar loans early on – the loans of $250 thousand or less most needed by small businesses – and has been a pioneer in this segment since its formation in 2013. The ability of a full cross section of consumers looking for better returns on their investments to participate in lending to underserved businesses is expected to be a major catalyst for economic growth. Morgan Stanley estimates that online business lending will grow to $47 billion by 2020.
About Funding Wonder
FUNDING WONDER is an online Social Lending Community. It connects established small businesses looking for loans with investors seeking an asset class that returns principal and interest through monthly payments.
Photo - http://photos.prnewswire.com/prnh/20161129/443985
SOURCE Funding Wonder, Inc.
Share this article