$5.58 million raised so far by Kueski via private placement

XDATA – February 18th 2016
Kueski disclosed selling 61% of its $9.08 million non-brokered equity offering to twenty investors. The sale started almost two weeks ago according to the document filed at the SEC. $3.5 million in additional funding can be raised before February 2017 based on the placement’s structure. Until this disclosure Kueski had raised an estimated $1.3 million in unregistered securities via one previous financing round.
Kueski markets and develops an online lending platform for the middle class in Mexico and Latin America. The company applies big data and machine learning to user’s credit history, their social graph and other online information available to build a credit risk model that will approve or reject loan applications in a matter of minutes. Investors include CrunchFund, Core Ventures Group, Angel Ventures Mexico, The Sobrato Family Holdings, Ariel Poler, Guadalajara Angel Investor Network and Javier Orozco.
The company, headquartered in Guadalajara, Jalisco Mexico, is led by Adalberto Flores Ochoa (President). Kueski elected to keep its revenues undisclosed.
The board of directors includes Patrick Gallagher.

The company has raised an estimated total of $6.88 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Kueski
Industry: Other
Amount offered: $9.08 million
Amount placed: $5.58 million
SEC filing: Source
First sale: 02-05-2016
Data as of: 02-18-2016

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