On Friday, crowdfunding platform FundedByMe announced it has been selected as a finalist for the third annual Global Ventures’ Fintech Competition. True Global Ventures is an international, early-stage super-angel investment firm that was formed by technology entrepreneurs-turned-angel-investors who have done more than 600 investments on an individual level. The competition aims to pinpoint the most driven fintech startups in the Nordic region.
Sharing his thoughts about the selection, Daniel Daboczy, CEO and co-founder of FundedByMe, stated:
“Even if FundedByMe doesn’t win, we already feel like we’ve won by being named a finalist in this prestigious competition. This is a true testament to the work we are doing to help entrepreneurs and investors find one another and will go a long way in establishing crowdfunding as a legitimate investment opportunity.”
Winners of this competition will reportedly be selected by the audience, which will include CEOs, chief innovation officers, Corporate Venture, M&A and business leaders from banks, finance, insurance, telcos and media nearing FinTech and venture capital firms. This event is notably on an invitation basis with a targeted audience from contacts/organizations that are potential customers, distribution partners, and/or investors. In addition to the marketing and networking opportunities that the competition may provide, the winner will also receive a cash prize. The criteria for contestants included operating within the fintech space, having existing customers and was founded in the past five years (i.e. be early-stage).
FundedByMe is considered one of the few full-service crowdfunding platforms offering capital through equity and loans. In the past years, more than 450 companies from 25 different countries have been successfully funded with more than €28 million.
