Tagged: payment

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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POSaBIT disclosed its equity placement was 90% completed


Change: offered +0% / raised +38% / placed 90%
XDATA – June 13th 2017
According to the information disclosed by POSaBIT, subscription to its $1.5 million equity issuance increased by 38%. An additional $375,000 worth of securities was placed by the company with two investors since the company last released data almost six months ago. This brings to $1.35 million the amount raised from the fourteen backers who subscribed to the offering. The subscription is structured to close once the 10% left is fully subscribed or in six months at the latest. This is the first offering initiated by the company under regulation D of the Securities Act of 1933.
POSaBIT markets and develops a point-of-sale software solution that makes it simple for consumers to acquire cryptocurrency (bitcoin) at the point of sale and then use this currency to make purchases at the store or any place that accepts bitcoin.
The company, headquartered in Seattle WA, was registered in 2015. POSaBIT elected to keep its revenues undisclosed.
The executive team includes G Scott Greenburg, Jon Baugher and Ryan Hamlin.
The board of directors includes Jeff Dossett and Mike Markette.
Offering recap
Status: Intermediary close
Company: POSaBIT
Industry: Other Technology
Amount offered: $1.5 million
Amount placed: $1.35 million
SEC filing: Source
First sale: 12-21-2016
Data as of: 06-13-2017
Similar transactions
2017-02 BitPagos filed for first close after raising 84% of its financing round
2016-11 SNAPCARD unveils details on its $5.86 million unregistered offering
2016-06 iPayYou files offering’s details after placing 10%
2016-02 NetCents Systems files details on its $30,000 financing
2015-11 Late filer Bitcash sold $15,000 worth of securities

$38.51 million raised so far by Taulia via private placement


XDATA – December 30th 2015
Taulia disclosed selling 51% of its $75 million brokered equity offering to twenty-three investors. The sale started on December 15th according to the document filed at the SEC. $36.49 million in additional funding can be raised before December 2016 based on the placement’s structure. The private placement’s expected net proceeds will amount to $73.5 million excluding $1.5 million paid in brokerage fees by the company. A total of ten unregistered securities offerings closed by the company raised an estimated $78.36 million.
Taulia markets and develops cloud-based invoice, payment and discount management solutions for large buying organizations. The company is backed by Trinity Ventures, Matrix Partners, DAG Ventures, TELUS Ventures, QuestMark Partners, and SEB Private Equity.
The company is headquartered in San Francisco CA. Taulia elected to keep its revenues undisclosed.
The executive team includes Bertram Meyer, Cedric Bru, John Varughese and Markus Ament.
The board of directors includes Brian Matthews, Josh Hannah, Manu Gupta, Noel Fenton and Stuart Bagshaw.

The company has raised an estimated total of $116.87 million via private unregistered security offerings.
In addition, Taulia also disclosed issuing in the past an estimated $24,000 worth of securities in connection with an M&A transaction.

Offering recap
Status: First close
Company: Taulia
Industry: Other Technology
Amount offered: $75 million
Amount placed: $38.51 million
SEC filing: Source
First sale: 12-15-2015
Data as of: 12-30-2015