CoFunder, which aims to help small businesses to grow, has recently launched into the Northern Irish market.
< 
div>CoFunder, which aims to help small businesses to grow, has recently launched into the Northern Irish market.
The online platform is reportedly one of the first of its kind in Northern Ireland to receive FCA approval.
CoFunder, is powered by the same team behind fellow crowdfunder SeedUps, allows firms to raise funds from investor contributions. Each contribution can fall between the value of £50 to £2,500.
The site enables businesses to raise funds from £5,000 to £100,000.
Aidan Doherty, CoFunder’s Chief Operating officer, said: "With the finance required by small businesses to invest and grow their business proving hard to come by from the banking sector, crowdfunding has been steadily growing outside of Northern Ireland in recent years and this growth is expected to continue.
"CoFunder (NI) Ltd aims to create a new generation of funding in Northern Ireland by enabling creditworthy businesses with funding requirements to connect directly to lenders with available capital, thus removing the reliance upon the restrictive lending practices and high costs associated with bank funding. All on a completely transparent, flexible, fair and open platform."
Leave a comment