Billink, an innovative Dutch after-sales payment solution for online retailers has recently secured €1 million from Rabo & Crowd. Out of €1 million, Rabobank injected €300,000, while the remaining €700,000 are attracted through Nxchange, an SME market where entrepreneurs outside the bank can raise money by placing shares or bonds.
For the unknown, Rabobank and online exchange platform Nxchange have jointly established Rabo & Crowd. This platform provides SMEs access to a new form of financing, whereby a bank loan from Rabobank is combined with money from (private) investors. Having said that, the required capital was raised through bonds, thus no shares are involved.