The personal lending market is exploding and ripe for innovation. Kickfurther is right at the forefront with so much traction already.
Boulder, Colorado (PRWEB) November 17, 2015
The Extreme Tech Challenge is poised to become the world's largest startup competition. It's the first in conjunction with the CES, the world's largest consumer electronics show, and Sir Richard Branson. The top 10 pitch live on stage in January 2016 at the Consumer Electronics Show in Las Vegas.
The final 3 pitch Sir Richard Branson and a celebrity panel of judges on Branson's private Necker Island in the British Virgin Islands in February 2016.
Kickfurther was chosen from more than 1000 global entries, as one of 25 innovative companies from the United States, London, Spain, France and Ireland competing to earn a top-10 spot, to be announced November 29th. Judges include representatives from Intel, Techstars, Founders Den and Galvanize.
“How has nobody thought of this before?” said Extreme Tech Challenge Executive Director Kym McNicholas on the selection of Kickfurther. “The personal lending market is exploding and ripe for innovation. Kickfurther is right at the forefront with so much traction already.” McNicholas's video interview with Kickfurther CEO Sean De Clercq can be viewed here.
Kickfurther helps product companies fund their next inventory purchase to meet increasing demand. With Kickfurther, everyone can achieve the kind of returns on inventory financing that were previously available only to financial institutions.
The Extreme Tech Challenge brings together targeted resources and world class advisors to help high-energy, wicked-smart entrepreneurs who are executing on big ideas.
Kickfurther crowdfunds inventory by enabling investors to finance inventory for vetted businesses on its website. Businesses post offers by choosing the amount of capital they need, the term of the investment payback, and the return percentage investors will earn. Since its 2015 launch, Kickfurther has funded $1.86 Million in 132 offers by more than 120 companies. Their backers have earned an average greater than 2% consignment profit per month on completed offers.