Tagged: personal finance

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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Nubank reports $52.34 million investment round


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XDATA – January 8th 2016
nubankNubank raised $52.34 million as part of a fully subscribed non-brokered equity offering. The subscription, which started on December 24th, lured six investors. The company closed three previous unregistered private placements which raised an estimated $46.3 million.
The company is registered in a foreign jurisdiction indicating the amount offered reported may only represent the portion of the placement earmarked by the company for US investors.
Nubank develops on the Brazilian market a credit card service managed through a mobile application (app). The app provides users full control of their finances on their mobile phones. The company is backed by Sequoia Capital, Kaszek Ventures, QED Investors, and Founders Fund.
The company is headquartered in Sao Paulo, Sp Brazil. Nubank elected to keep its revenues undisclosed.
The executive team includes Cristina Zingaretti Junquiera, David Velez, Douglas Richard Scherrer and Manoj Pinnamaneni.

The company has raised an estimated total of $98.64 million via private unregistered security offerings.

Nubank is registered under the name Nu Pagamentos.

Offering recap
Status: Completed
Company: Nubank
Industry: Other Technology
Amount offered: $52.34 million
Amount placed: $52.34 million
SEC filing: Source
First sale: 12-24-2015
Data as of: 01-08-2016

Investment platform Acorns closes biggest financing round to date


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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


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