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Symbid Announces 21% Revenue Growth in Q1 2016

Financial Technology Brand Reports 21% Increase in Revenue Versus Same Period 2015

ROTTERDAM, THE NETHERLANDS and NEW YORK, NY--(Marketwired - May 12, 2016) - Symbid Corp. (OTCQB: SBID) -

Key Business Highlights of First Quarter 2016:

"We are pleased to report continued revenue growth in what has been our most successful quarter to date in terms of our core crowdfunding business. These results come at a time when the Company, following a refocusing of its strategic direction subsequent to the financial period, has shown a commitment to refocusing on its core revenue-generating activities," said Korstiaan Zandvliet, co-founder and CEO of Symbid Corp. The positive results reported today provide a solid foundation from which the Company expects to continue growing while significantly reducing costs. The serious measures taken by the Company in this regard should help to ensure that we continue to create long-term shareholder value."

Three-Month Period Ended March 31, 2015 and 2016


Summary of First Quarter 2016 Financial Performance:

Total revenue increased by 21% compared to prior year period to $89,267, due to the Company reporting its best quarter to date in terms of its core crowdfunding business;

82% of revenue attributable to transaction-based model of core crowdfunding business, compared to 74% prior year period;

Selling, general and administrative expenses increased by 31% from same period 2015 to $514,911.

Total operating expenses increased by 5% from prior year period to $686,292;

Net losses increased by 16% from prior year period to $670,291.

2016 Commercial Outlook:

This press release is for information purposes only and is not intended to constitute, and should not be construed as, an offer to sell or a solicitation of any offer to buy securities of Symbid Corp. (the "Company") in the United States, Australia, Canada or Japan or in any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of such jurisdiction.

About Symbid Corp.
Founded in April 2011 as one of the first investment crowdfunding platforms worldwide, Symbid is The Funding Network™, where companies get funded and grow. As a leading online funding portal for small- and medium-sized enterprises, Symbid gives entrepreneurs direct access to traditional and alternative forms of finance, while offering investors full transparency on the potential risks and returns of their portfolio. Advanced investing, monitoring and data tools ensure companies connecting to The Funding Network™ are financed in the most efficient way possible. Built around cutting-edge technology and expert financial advice, The Funding Network™ by Symbid is the go-to platform for entrepreneurs in search of funding and investors in search of exciting opportunities. In 2015, Symbid ( successfully delivered $520 million in funding to approximately 2400 small businesses from over 50 connected funding partners including banks, venture capital firms, angel investors and 37,000 private (crowdfunding) investors. Symbid Corp. is a U.S. publicly listed company (OTCQB: SBID). For investor relations, please visit

Safe Harbor Statement
This release may include predictions, estimates or other information that might be considered "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgement on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this release. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. The predictions discussed in this release are based on the personal opinions of certain individuals and are supported by a consensus within the crowdfunding industry and alternative finance world generally. For a more complete discussion of these predictions and certain risk factors which may affect our future business operations, please review our most recent Form 10-K, particularly under the heading "Risk Factors." PDF copies of these forms can be viewed and downloaded on the Symbid Corp. Investor Relations website at

Press and investor relations:
Frans Gunnink
Sharpe Financial 
(+31) 629-541-542
[email protected]

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