Tintra PLC, the Regtech firm building a global, borderless banking infrastructure to democratize payments for emerging markets, recently announced share issue details of the “latest receipt of a $2 million private funding round, valuing the company, in the private market at least, at $100 million, revealing the acute interest from private investors in buying into the company in its early stages.”
As noted in an update shared with Crowdfund Insider, the new investor has “purchased 297,022 shares at 504p – on similar terms of private placements that other investors have committed at the same price.”
The new investor also “receives 594,044 warrants.” These are options “for this investor to buy shares in the future once the market cap of the Company or a funding round price exceeds $250 million – which is indicative of private investors’ conviction in Tintra’s model.”
Tintra is publicly listed “at 174p per share (as of writing), representing a significant disparity between the public markets’ pricing and that of private investors, which presents an enticing opportunity for retail investors to invest in the company.”
Tintra, which is creating a new global banking infrastructure that will “utilize AI to remove human prejudice against emerging markets built on Web 3.0 technologies, has generated significant excitement with recent announcements of applications for banking licenses in the UK, Puerto Rico, and Qatar, as well as revealing its development of the world’s first built-for-purpose Web 3.0 bank.”
Richard Shearer, CEO of Tintra PLC, comments:
“This recent investment is a further validation of our model and a compelling indicator of the potential that some of the world’s shrewdest private investors have discerned in what we’re building.”
In delivering a decentralized technology platform that democratizes finance across the world, the team “wanted to give all investors, not just institutional or ‘big names’, access from the ground floor and from the outset.”
According to the firm, right now, the opportunity to publicly invest into Tintra “is quite extraordinary and certainly not something [they] were expecting.”
The team confirmed that they “are funding the Company through private placements from [their] own network at a valuation but the public quote still lags a long way behind.”
Over the past few years, Private Equity “has become a key, perhaps even the key, provider of capital to fast-growth companies.”
As noted in the update, this “has become the norm in the US where PE is driving deals and the markets are following – Elon Musk’s bid to take Twitter private being an example of this.”
As noted by the firm’s management, they “are running [their] model as a very US-style tech scaleup.”
Shearer added:
“With our clearly-set-out model and fast-moving achievements, I do wonder when the retail market will work out the scale of what we are doing.”
Tintra PLC is a London-headquartered Regtech firm that is “building a borderless banking infrastructure that will democratise trade and finance across emerging markets.”
Tintra’s integrated banking platform will “provide a regulation-first, scalable, API-innovative infrastructure, delivered via a strategic network of its own bank and E-money licenses across the world.”
Prejudice against emerging markets “is endemic in legacy banking systems.”
Tintra’s infrastructure will utilize patented end-to-end AI technology “to remove human bias from compliance and KYC/AML processes, and will be built upon Web 3.0 technologies and concepts, including metaverse and blockchain interoperability, transparency via dataless cryptographic mechanisms, and blockchain-based verification.”
Tintra has “a team of 30 staff working on its banking infrastructure across teams in London, the Gulf and the US, with more offices planned imminently.”
Investors include various family offices, private individuals in the US and the Middle East, and “a Ruling Family member from Asia.”
Tintra is also on the AIM market of the London Stock Exchange (LON:TNT).