P2Binvestor Raises $2.1 Million

According to a recent SEC filing, fintech startup P2Binvestor (P2Bi) has raised $2.1 million in financing from an undisclosed investor.

P2Bi is a Denver-based working capital crowdlending platform that offers businesses a middle path between hard-to-get bank financing and expensive subprime lending. With a crowd of accredited investors, its technology simplifies lending and provides efficient, competitively priced growth capital to small and medium businesses.

Available to companies in all 50 U.S. states, P2Bi offers two products: a receivables-purchase/next-generation factoring product and an asset-backed line of credit. The platform has the capacity to consider multimillion-dollar credit lines in various industries including energy, technology, natural foods and products, manufacturing, personnel services, and more.