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.
http://www.angelstreetcapital.com/images/logo.png 0 0 Robert Maccini http://www.angelstreetcapital.com/images/logo.png Robert Maccini2012-11-14 17:33:262014-04-06 06:10:34ANGEL STREET CAPITAL INVESTS IN FUNDATION, INC.