Tagged: lending

$5.58 million raised so far by Kueski via private placement


www.XDATA.co
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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BTCjam reports $1.91 million investment round


XDATA – November 30th 2015
BTCjam raised $1.91 million as part of a fully subscribed non-brokered equity offering. The subscription, which started one month ago, lured six investors. Until this disclosure BTCjam had raised an estimated $1.22 million in unregistered securities via one previous financing round.
BTCjam markets and develops a peer-to-peer Bitcoin lending platform using a proprietary credit score. The company’s disruptive credit model is changing the way borrowers and investors connect, providing a new path to financial freedom for users from more than 200 countries around the world. It promotes lending without borders, where people can borrow and lend bitcoins, without having to worry about banks and other intermediaries. Investors include Foundation Capital, Ribbit Capital, 500 Startups, FundersClub, Bitcoin Investment Trust and Pantera Capital.
The company was registered in 2013 and has its headquarters located in San Francisco CA. BTCjam elected to keep its revenues undisclosed.
The executive team includes Celso Cardoso Pitta.
The board of directors includes Gustavo Reis Guida.

The company has raised an estimated total of $3.13 million via private unregistered security offerings.

BTCjam is registered under the name Ovo Cosmico.

Offering recap
Status: Completed
Company: BTCjam
Industry: Other Technology
Amount offered: $1.91 million
Amount placed: $1.91 million
SEC filing: Source
First sale: 10-29-2015
Data as of: 11-30-2015