Why has Trillion launched Your Brand Crowdfunding?
Trillion spotted a gap in the market for business-to-business, white label crowdfunding service and launched Your Brand Crowdfunding in response to this identified need shortly after choosing to end its sole focus on renewable energy project fund raises, the viability of which was severely affected by reductions to subsidies in summer 2015.
What is Your Brand Crowdfunding?
A white-label, loans-based crowdfunding service that enables medium-sized businesses to add a platform to their own websites and borrow directly from their own crowd of customers/ potential investors.
What is Trillion now?
The Trillionfund.com platform will be used to support the marketing of some crowdfunds operating through Your Brand Crowdfunding that are suitable to Trillion's audience of renewable energy and alternative finance enthusiasts. Trillion will list these as they go live and may support the raises through social media and in the newsletter as an additional service to Your Brand Crowdfunding customers.
I have invested in projects on the Trillionfund.com platform, have I lost money?
No. Trillion is managing its existing loan book - E2 Energy, E5 Energy and The Converging World - as before. Your loan agreement is with the borrower, and you continue to be paid interest by the borrower and will have capital repaid at the end of the term. Trillion continues to manage these payments on behalf of the borrowers and lenders.
If I have had interest payments made from a loan on Trillionfund.com, how do I request a withdrawal?
Interest payments, and any capital repayments, are deposited by the borrower to our client money account on your behalf and you are notified by email when the credit has been booked to your Trillionfund.com account. A client money account is a bank account where your funds are kept that is separate from Trillion Fund’s own bank accounts.
To request a withdrawal, login to Trillionfund.com and go to “My Account” upper right had corner. Then select the tab “Transactions” and click on the “Withdrawal” button to complete the process. Payments by bank transfer are made within 1 business day and there is no fee or charge for this service.