OpenBid Reviews

Merchant Cash Advance aka 'MCA' transaction: a business sells a % of their future revenue for cash today. The merchant could be funded within hours. It's expensive; $100k net to merchant pays back $142k within 6 months or less. In 2008, banks stopped lending and MCA grew from $1.5B then to over $9B today. It's estimated the industry will grow to over $16B over the next few… · More years. For investors, netting these type of returns requires an infrastructure of brokers, underwriters, accounting and payment processors that make participation as an outsider nearly impossible. Until now. OpenBid is a Merchant Cash Advance exchange where regular and institutional investors, merchant cash advance brokers, funders, underwriters and syndicates participate in secure, efficient, market priced transactions that benefit everyone. A platform that standardizes submissions, underwriting, bidding and deal syndication all within a transparent, social environment.