Fintech.TV is looking for growth capital, and it has enlisted the services of tZERO to help with the new funding round.
Earlier this year, CI reported on tZERO listing its first Reg CF [Regulation Crowdfunding] security offering as it aims to boost its primary issuance business. Under this exemption, any investor (retail and accredited) may participate in the securities offering. tZERO is perhaps best known as a digital asset platform that provides trading in securities – the company has been a trailblazer in the digital securities realm. tZERO aims to provide the full stack of securities exemptions for offerings, including Reg A+, Reg D 506c as well as Reg CF. Issuers will then have the option to trade the security on the regulated platform. Fintech.TV is now the second issuer to utilize Reg CF on tZERO to tap into the capital markets.
Fintech.TV was founded by CEO Vince Molinari, who is well-known in the securities crowdfunding world and an early proponent of the JOBS Act that legalized online capital formation. Fintech.TV aims to establish a global platform covering Fintech, including topics like blockchain, ESG and more.
As outlined in the offering information Fintech.TV hopes to raise the maximum allowed under the exemption – $5 million. According to the offering memorandum, Fintech.TV is offering up to 1,250,000 shares of its Class C Non-Voting Common Stock at a price of $4.00 per share. The minimum amount of the offering is 2,500 shares for a total of $10,000.00 in gross proceeds and a maximum amount of 1,250,000 shares for a total of $5 million in gross proceeds. In the past three years, the company has raised several million dollars in Reg D offerings.
Like many early-stage companies, Fintech.TV is generating a loss and needs to raise money to get it to profitability. The most recent financial statements are viewable here.
As the second Reg CF offering, tZERO CEO David Goone issued the following statement:
“We are excited to launch the FINTECH.TV crowdfunding campaign under our new tZERO Securities brand. The tZERO Securities brand reflects the broad scope of our offerings and our market-leading position.”
Molinari said they are incredibly excited to open up an opportunity for investors to buy into FINTECH.TV.
“This crowdfunding campaign with tZERO allows us to further democratize our ownership and invite our loyal audience and supporters to become stakeholders in our journey. We believe that by doing so, we can accelerate our mission to change the media landscape on a global basis.”
The offering is live for up to one year, and investors may participate in the offering at a minimum of $500. While the offering is listed on tZERO, it appears that the sale is being managed by Dealmaker technology, which can provide white-label services.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!