Colombian inventory change launches crowd funding platform for start-ups

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BOGOTA (Information) – Colombia’s inventory change on Wednesday launched an web crowd funding platform meant to assist small companies and start-ups elevate funds from the general public.

The “a2censo” platform will enable individuals to make investments from 200,000 pesos, about $58, in change for firm bonds which is able to supply returns with curiosity, the change mentioned in a press release.

“The initiative is supposed to create another supply of financing for the greater than two million small and medium-sized companies by way of a expertise instrument that may enable corporations to collect their financing wants with the financial savings that individuals need yields from,” mentioned change president Juan Pablo Cordoba.

Begin-ups and small corporations want financing “at charges adjusted to their wants and on a timeline that coincides with their tasks,” Cordoba mentioned.

Colombia’s most well-known start-up, supply app Rappi, this 12 months acquired a $1 billion injection from Japan’s SoftBank.

The a2censo platform is backed by the commerce ministry, the Inter-American Improvement Financial institution and different organizations.

Reporting by Nelson Bocanegra and Julia Symmes Cobb; enhancing by Grant McCool