Mitch Brownlie has funded his next hairdressing salon using crowdsourcing investment.

Mitch Brownlie has funded his next hairdressing salon using crowdsourcing investment. Gen Kennedy

MITCH Brownlie said getting investors to stump up money for his next hair salon turned out to be a snip.

The owner of Klippt hair salons turned to crowd funding to finance his third Toowoomba location.

Crowd funding, which asks people to contribute via the internet towards a funding goal, is best known for backing creative projects like independent films.

But Mr Brownlie said he had managed to convince investors in India and the US that his store in Toowoomba was a project worthy of their backing.

The project was even more unique because the investors all contributed using the digital currency Bitcoin.

"It's designed so it's scaleable, so we can open more using the same protocols," Mr Brownlie said.

"We open them cheap, and then they run cheap.

"That's what people are getting on board for.

"I didn't expect it to be as successful as it was, just because it is a bricks and mortar business, in Australia…they're all overseas.

"It is an experiment, based on top of a legitimate business."

Mr Brownlie plans to furnish and set up the store, to open in October, entirely using Bitcoins.

He said there was something special about people around the world funding a shop in a regional city in Australia.

"The world's getting more and more globalised, and I think that's an awesome thing."

How he did it