Riding the crowdfunding wave to Scotland

A new crowdfunding website will launch this month, the latest in number of new additions to the crowdfunding space recently. Squareknot has defined a unique niche that it hopes to fill – it will look to support Scottish projects and businesses that are looking for between £10,000 and £300,000. Co-founder Derek Bond has expressed hope that startups that are struggling to access finance through traditional channels will benefit from their platform. 

Squareknot has not outlined strict sector preferences, although consultant to the company, Stewart Geddes, has said that they would like to address the gap in the market in small residential development funding, claiming that banks are choosing to support predominantly large and established developers.

Investors will be able to offer cash in either a loan or equity arrangement.

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