P2Binvestor, a Denver, Colorado-based provider of crowdfunded receivables financing solutions, raised $1.2m in Series A funding.
The transaction included a combination of equity and warrants from entrepreneur John Spiers, Rockies Venture Club investors and other backers.
The company intends to use the funds to further expand its software platform and increase sales, marketing, finance/credit and business operations.
Founded in early 2012 by the father-daughter duo Bruce Morgan (CEO) and Krista Morgan (CMO) along with former E*TRADE financial executive, Todd Mackay, P2Binvestor has taken the peer-to-peer (P2P) lending model and applied it to business receivables. The company’s platform provides businesses with access to working capital with the marketing benefits inherent in crowdfunding (read how it works here).
– Bruce Morgan is a 30-year technology industry veteran who has led numerous technology and software companies including Spatial Technologies, iTi Corporation and MS3D Technologies.
– Krista Morgan is an experienced digital marketing executive who has led worldwide campaigns for companies that include Barclays and Coca Cola’s London Olympics campaign.
– Todd Mackay has advised, grown and led financial technology companies for 20 years and was an officer of E*TRADE during its formidable growth years.
The company is currently hiring.