Symbid Corp. Announces Full Year 2015 Results

About this update from Sincerity Applied Materials Holdings Corp.

[{"type":"text","content":"\n \n \n Symbid Corp. Announces Full Year 2015 Results\n \n \nSymbid Corp. Announces Full Year 2015 Results\n\nFinancial Technology Brand Reports 28% Increase in Revenue Versus 2014\n\n \n ROTTERDAM, THE NETHERLANDS and NEW YORK, NY--(Marketwired - Mar 25, 2016) -  Symbid Corp. (OTCQB: SBID) www.symbidcorp.com \n Key Business Highlights of 2015: \n \n \n Total revenue of $353,076 for fiscal year 2015, up 28% versus 2014, however a 16% decrease in the value of EUR(EUR) versus USD($) in 2015 compared to 2014 means the actual revenue growth in EUR was higher;\n \nCompany reports continued growth in number of small businesses funded (up 17% versus 2014) and registered investors (up 28% versus 2014);\n \nCompany launched The Funding Network™ in March 2015, a data-driven capital market for start-ups and small businesses connecting various types of finance, alternative and traditional;\n \nIn 2015 the total funding volume of The Funding Network™ was $520 million with approximately 60 small businesses funded every week;\n \nThe Company expanded its product portfolio with the launch of a loan crowdfunding (or peer-to-business lending) product in Q2 2015, from which the first revenues were recorded in that same quarter;\n \nIn Q4 2015 the Company entered into a media partnership with RTL, a leading European entertainment company, to promote crowdfunding and small business financing on business television. The partnership involved an investment in media value with a view to a future strategic partnership;\n \nSeveral funding rounds were realized in 2015 through the issuance of shares and convertible notes;\n \nFurther funding rounds and executions of strategic partnerships are sought for 2016 in order to ensure continuity, further growth and international expansion.\n \n \n \"We are pleased to report continued revenue growth in what is a highly competitive global market. These results are a reflection of the increasingly diversified revenue streams available to the Company and our commitment to genuine financial innovation.\" said Korstiaan Zandvliet, co-founder and CEO of Symbid Corp. \"With the launch of The Funding Network last year we grew from an investment crowdfunding platform into a go-to funding marketplace for small businesses. This ensured significant growth in both the number of businesses funded and entreprene...

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