Marketplace Lending Platform Bolstr Raises 1 7M
Tribbett and his cofounder Larry Baker are both former investment backers. The two founded Bolstr to help small, nascent businesses gain access to capital from a pool of accredited investors. On Bolstr, business owners can quickly raise the capital they need to grow their companies (between $25,000 and $500,000) while retaining 100 percent ownership (no equity required whatsoever). Monthly payments back to investors are sized by a set percentage of gross sales, giving investors liquidity early on and often....