BankToTheFuture.com is the first financial institution that is both a social network and a crowdfunding platform. The aim being to make business funding a lot easier. The site allows businesses to raise debt, equity or even donations from consumers and investors in one place.
The underlying vision of the platform is that the people who invest in a specific project will have a genuine belief in its ability to do well and so will make better investors than those who don’t.
The current funding landscape in the UK is suffering – Banks, angel investors and VCs are all failing to bridge the gap between available capital and the small businesses that are directly responsible for providing 60% of all jobs – BankToTheFuture.com aims to fill this gap.
The site has already been backed by Sir Richard Branson in his global Virgin Unite “Screw Business as Usual” competition, on the basis of its openness and transparency.