PRESS RELEASE: Accion to back new web-based lender focused on funding veteran-owned small businesses

Monday, May 5, 2014

WASHINGTON, May 2, 2014 /PRNewswire/ — StreetShares, Inc., a new web-based lending platform, announced this morning the close of a $1.2 million seed round led by Accion Venture Lab, a seed-stage investment initiative sponsored by microfinance pioneer Accion. The round also included Washington D.C.-area community bankers, military veteran investors, Harvard Business School angels and Capital One alumni.

“We’re thrilled to have these investors join StreetShares, and we look forward to working with people who believe in our mission: to fund the veteran-owned and main street businesses that are the true backbone of the American economy,” said Mark L. Rockefeller, Co-Founder and CEO of StreetShares.

Source: Digital Journal (link opens in a new window)

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lending, SME finance