Crowdfunding Platform Teams With Credit Unions

GrowthFountain, a FINRA registered crowdfunding platform, wants to keep it local.

So, it has now teamed up with three credit union partners across the country to offer their crowdfunded deals to the credit unions’ more than 800,000 members.

GrowthFountain is talking to other credit unions and is projecting a base of over 1.0 million potential investors in its audience.

Keeping the investments and profits local may appeal more to the local established businesses that were screwed by their banks during the last downturn when their credit lines were either diminished or pulled altogether.


About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at:
This entry was posted in accredited investor, Banking, Banks, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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