ANGEL STREET CAPITAL INVESTS IN FUNDATION, INC.

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websites Angel Street Capital recently closed on an investment in Fundation, Inc‘s convertible note round.  Fundation provides on-line commercial loans of $50,000 – $250,000.  Fundation has developed an automated credit decision engine and will use the Internet to target its offering to select industries and geographic areas.  This is not a peer-to-peer lending model but rather a fund that will deploy capital utilizing Fundation’s platform.  The platform will launch in the 4th quarter.

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