quebec-mobile-payment-developer-201803
Project Description:
Amount Funded: $500,000
Amount Funded: $500K - $1M
Industry: Software Development
Province: Quebec
Type of Facility: Bridge to equity
Days to Fund: 13
Use of Funds: This company had a signed term sheet, was burning cash and needed additional funds to continue to bring on additional investors, complete due diligence, and have the lawyers have time to close the round. The company took the bridge in 3 disbursements, each strategically timed to meet cash flow needs and ensure they avoid paying excess interest.
Company Background: This company enables people to accept money for anything, anywhere, from anyone using a cellphone – facilitating in-person, peer-to-peer, and micro-merchant transactions.
