Tagged: banking

Ingo Money files for first close after raising $7.03 million


XDATA – June 15th 2017
Ingo Money‘s first close reached $7.03 million. The company’s $12 million non-brokered equity issue was 59% sold to fourteen investors. The first commitments were received a little over a week ago. $4.97 million in additional funding can be raised before June 2018 based on the placement’s structure. The company closed three previous unregistered private placements which raised an estimated $19.26 million.
Ingo Money markets and develops two business lines. Ingo Network Solutions, operated in conjunction with First Century Bank, is a consumer-direct network accessible via mobile and retail channels. Ingo Enterprise Solutions is an omni-channel commercial platform that enables independently licensed financial services firms to deliver immediate, non-provisional funding and payment services to their customers. Investors include Camden Partners, MissionOG, Spring Capital and CNF Investments. Matrix Partners and Ribbit Capital are also investors following the acquisition of Fuze Network.
The company is headquartered in Roswell GA. Ingo Money elected to keep its revenues undisclosed.
The executive team includes Drew Edwards and Rusty Pickering.
The board of directors includes Bailey Robinson, Dickson Chu, Gene Lockhart, Jennifer Hsin, John Collins and Vince Talbert.

The company has raised an estimated total of $26.29 million via private unregistered security offerings.
In addition, the company reported in the past issuing an estimated $7.05 million worth of securities as part of M&A transactions.

Offering recap
Status: First close
Company: Ingo Money
Industry: Other Technology
Amount offered: $12 million
Amount placed: $7.03 million
SEC filing: Source
First sale: 06-05-2017
Data as of: 06-15-2017
Similar transactions
2017-04 Digiliti Money Group (OTCQB:CAFN) reported closing its private placement after a decrease in size and commitments
Change: offered -5% / raised -5% / placed 100%
2017-04 Ezuza sells $700,000 worth of securities
2017-03 Allied Payment Network filed a first close at $13,000
2017-02 Tickmark reports successful placement of its mezzanine securities
2017-01 PayNearMe files for first close after raising 68%
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Bold Financial Technologies closed its equity security offering after increasing its fundraising cap


Change: offered +13% / raised +126% / placed 100%

XDATA – September 5th 2014

bold financial Bold Financial Technologies closed its unregistered equity offering after increasing the placement’s size by 13% to $2.17 million. The offer closed after the company raised $1.21 million from two additional investors within a little over six months. At closing, a total of ten investors had subscribed to Bold Financial Technologies‘ offering. This was the first offering under regulation D filed by Bold Financial Technologies.
The company rebranded. It raised money under the Yoyocard name in January.

Bold Financial Technologies develops a secure and convenient solution for instant, frictionless transacting in digital currency.

Sean Safahi (President) leads the San Francisco CA based company which was registered in 2012. Bold Financial Technologies elected to keep its revenues undisclosed.
The board of directors includes Alan Safahi, Christopher Gottschalk and Joyce Kim.

Offering recap
Status: Completed
Company: Bold Financial Technologies
Industry: Other Technology
Amount offered: $2.17 million
Amount placed: $2.17 million
First sale: 01-14-2014
Data as of: 09-05-2014


For more information visit www.XDATA.co

Investors buy $13.79 million worth of Nubank’s equity


XDATA – August 27th 2014

nubank Nubank disclosed placing 96% of its $14.3 million non-brokered equity. Based on the filing, four investors started to subscribe to the $13.79 million first close on August 13th. Until this disclosure Nubank had raised an estimated $2 million in unregistered securities via one previous financing round.
The amount offered reported to the SEC represents the portion of the placement earmarked by the company for US investors.

Nubank develops and markets a credit card controlled by a mobile application, that also provides users full control of their finances on their mobile phones. The company is backed by Sequoia Capital and Kaszek Ventures.

The company was registered in 2013 and has its headquarters located in Sao Paulo, Brazil. Nubank elected to keep its revenues undisclosed.
The executive team includes David Velez Osorno.

The company has raised an estimated total of $15.79 million via private unregistered security offerings.

Nubank is registered under the name Nu Pagamentos.

Offering recap
Status: First close
Company: Nubank
Industry: Other Technology
Amount offered: $14.3 million
Amount placed: $13.79 million
First sale: 08-13-2014
Data as of: 08-13-2014

For more information visit www.XDATA.co

Continuity Control closed its mezzanine security offering after increasing its fundraising cap


Change: offered +5% / raised +91% / placed 100%
continuity engineContinuity Control closed its unregistered mezzanine offering after increasing the placement’s size by 5% to $1.05 million. The offer closed after the company raised $500,000 from two additional investors within almost six months. At closing, a total of five investors had subscribed to Continuity Control‘s offering. The company closed three unregistered private placements which raised an estimated $5.99 million.
Continuity Control develops and markets a compliance management system (CMS) which has been engineered to reduce the regulatory impact (time, cost and risk) for community banks and credit unions. The single, unified system automates the entire regulatory lifecycle, managing regulatory updates, policies, procedures, risk, vendors, audit, business continuity and exam preparation along with compliance strategy and planning.
The company, headquartered in New Haven CT, is led by Andrew Greenawalt (CEO). Continuity Control kept its revenues undisclosed.
The board of directors includes Carl Blandino, Michael Nicastro and Peter Longo.The company has raised an estimated total of $7.04 million via private unregistered security offerings.Continuity Control is registered under the name Continuity Engine
 

Offering recap
Status: Completed
Company: Continuity Control
Industry: Other Technology
Amount offered: $1.05 million
Amount placed: $1.05 million
First sale: 12-23-2013
Data as of: 06-20-2014

For more information visit www.XDATA.co

CariCord’s offering lures eighteen backers


caricordSo far eighteen investors participated to CariCord‘s $500,000 non-brokered financing round. Financial backers bought, a few months ago, 90% of the offering or $450,000 worth of equity. The equity offering’s estimated net proceeds will amount to $400,000 which excludes $100,000 to be paid toward officers’ salaries. This is the first time CariCord is selling securities under a registration exemption.

CariCord offers private consumers cord blood and umbilical cord tissue banking services under pharmaceutical grade practices nationwide. The laboratory and repository are located at the University of Colorado’s Anschutz Medical Campus. Prices range from $795 for cord tissue banking to $2,790 for cord blood and tissue banking. Prices cover the collection kit, courier fees and processing. Prepaid storage pricing can go up to $3,750 for 20 years while year to year storage costs between $150 to $250.

Calvin Cole (President and CEO) leads the Irvine CA based company which was registered in 2013. Revenues on or below $1 million were reported by CariCord.
The executive team includes Brian Mcenroe, John Gabriel and Max Brandt.
The board of directors includes Brian Freed and Harry Kloor.

Offering recap
Status: First close
Company: CariCord
Industry: Other Health Care
Amount offered: $500,000
Amount placed: $450,000
First sale: 12-27-2013
Data as of: 03-26-2014