Financing for App Developers

In some recent online research, we stumbled across this article on Lifewire.  It offers some good advice for app developers and how they can finance their startup and ongoing development work.  The article advises that developers look at the following channels to raise funds for building their app – business partners, angel investors, bank loans, networking and crowdfunding.  These are all legitimate avenues to explore but they also all have their shortcomings.

Payplant provides another avenue to App Developers that is faster and quite affordable. We work with App developers from all of the major platforms including Apple/iTunes, Google Play, Facebook and others. We are able to underwrite and fund quickly while charging a very affordable rate, which starts at 1.2% per month of the developer share of the proceeds.  This financing comes without the tie ups that a partner or angel investors might bring including creative input as well as a premature valuation.  Payplant is much faster than a bank and we will actually approve your financing.  Networking with colleagues is a given for any entrepreneur but ultimately the financing that will come of these efforts would be either a partner or an angel investor.  Finally, crowdfunding can be costly and typically will has a very small loan size that might not meet the needs of the developer.