Can You Kick It? Yes We Can! [Movers & Shakers]
Kickfurther, an inventory crowdfunding marketplace, announced a rather significant milestone and it could prove to be the future of financing for many startups.
The company announced it has now funded $10.2 million of inventory for 288 product companies, earning an average greater than two percent consignment profit per month on completed consignment opportunities. Kickfurther Consignments are not loans. Buyers provide inventory, marketing, and sales support for businesses, and they earn Co-Op profits when Consignment Inventory sells. In this way, the interests of the businesses are directly aligned with the interests of their buyers.
“It’s rewarding for our entire team to pass another significant milestone,“ said Kickfurther Co-Founder & CEO Sean De Clercq. “Kickfurther is a crowdfinancing solution that helps companies fund purchase orders, increase revenue, tap into new buyers and grow brand awareness all at the same time. That’s our amazing value proposition.”
Read more about other companies accomplishments and investments in Website Magazine's Movers & Shakers channel.