Mompops, a healthy ice-pop maker based in Kennett Square, has turned to crowdfunding to help scale up its business, writes Kenneth Hilario for the Philadelphia Business Journal.

The company, which produces all-natural and allergen-free ice pops, was started nine years ago by mother and son Sandra and Issa Ostrander.

The two started selling their products on the festival circuit, and they are now available in more than 250 grocery and food service locations. Mompops has grown from producing 300 ice pops per year to making millions.

With three full-time employees and some seasonal help, the company is looking for a capital boost. It wants to borrow anywhere from $16,000 to $60,000 through Honeycomb Credit, the fintech startup that uses crowdfunding to help small businesses get capital.

Unlike usual crowdfunding sites like Kickstarter, lenders on Honeycomb will receive their money back, along with interest.

“We looked at what our current needs were, where our existing debt was, and structured something that made sense for us and would allow us to grow,” said Stephanie Cohen, a partner at Mompops since 2015.

The majority of the funds will be used for purchase orders and additional storage space.

Read more about Mompops in the Philadelphia Business Journal here.

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