The Italian invoice financing platform CashInvoice launched, on March 9th, a crowdfunding equity campaign on CrowdFundMe. The company is aiming to raise a minimum of $226,910 (€200,000) and a maximum of $1.1 million (€1 million), based on a pre-money valuation of $8 million (€7 million). The minimum investment is $567 (€500).
Upon reaching at least $567,192 (€500,000) in funding, CashInvoice is expecting to grow to such an extent that it will self-finance its listing on the Stock Exchange as early as 2021. In addition, the company hopes to achieve economic results in excess of $850,807 (€750,000), develop further technological features, and expand its presence in Europe and worldwide.
Born2Invest is the leading news aggregator, offering important information from the emerging global industry of disruptive finance including investment crowdfunding, financial headlines, and stock markets.
CashInvoice’s turnover increased by 176%
CashInvoice operates in invoice trading and digital factoring, and boasts more than $170 million (€150 million) in transactions since the beginning of the activity, of which $91 million (€80 million) in 2019 distributed over 1,000 invoices and more than 3,000 companies registered (including both sellers and sold). CashInvoice’s turnover increased by 176%: from approximately $226,912 (€200,000) in 2018 and EBITDA of $13,618 (12,000) to $627,549 (€553,000) in 2019.
The fintech startup, based in Milan, is led by Luca Scali, a business angel and partner of Digital Magics (Italian incubator of innovative startups). SMEs is authorized by OAM (Agents and Brokers Organization) and has developed a proprietary technology, unique in its kind, which allows to compare factoring solutions (sale of entire packages of trade receivables) and invoice trading (sale of individual invoices) on the market, evaluating the offers of the best operators in the industry. Above all, it carries out, in a semi-automated way, the financial analyses and checks on the companies, individual shareholders and invoices, in order to avoid fraud attempts and speed up the factoring processes.
CashInvoice’s subsequent goal is to be listed on the stock exchange
If CashInvoice will reach its collection target of $567,305 (€500,000), it will be one of the startups financed with equity crowdfunding that in a short time will be financed with a subsequent round on the Stock Exchange, with a so-called crowd listing operation. In 2019, the company investing in startups and innovative SMEs, Innovative-RFK spa (i-RFK spa), landed on Euronext Access last December 27th after its equity crowdfunding campaign on the CrowdFundMe platform.
CrowdFundMe’s first issuer to be listed on the stock exchange was the leading Italian short-term rental management platform CleanBnB, which landed on Aim Italia in July 2019. Another crowd listing will be that of Cesynt Advanced Solutions, owner of the e-learning platform iSkilled, which at the beginning of January raised over $1.1 million (€1 million) on the Opstart platform, and is now preparing for listing on Euronext.
Another company that has conducted crowdfunding equity campaigns on CrowdFundMe and has just started the listing process is TrenDevice, an Italian company that reconditions high-end hi-tech devices such as smartphones and tablets. The company has also announced its intention to list the e-commerce of Winelivery wine on the stock exchange, which has several crowdfunding equity campaigns to its credit. Finally, Sixth Millennium, a venture capital fund specializing in high-tech startups based in Tel Aviv, launched an equity crowdfunding campaign on CrowdFundMe at the beginning of February, with the subsequent goal of being listed.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in BeBeez, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Oxxo enters the fintech ecosystem with its digital wallet Spin
On March 2nd, Oxxo presented Spin, a digital wallet through which it will be possible to manage, send and receive...
AEDESEO asks for €57,000 in crowdfunding to research a new treatment
AEDESO wants to start a clinical study and launched a crowdfunding campaign to raise the necessary money for it. Patients...
Mainz-based biotech company ActiTrexx receives €3.5 million in financing
The biotech company ActiTrexx has recently closed a Series A financing round, during which it raised $4.2 million (€3.5 million)....
Más Madrid proposes responsible cannabis legalization for adults
For Más Madrid, cannabis legalization, in addition to guaranteeing the freedoms of adult users and providing better tools to protect...
ESG investment: impact on the supply of financial products
The regulation promotes the incorporation of ESG criteria in its analysis and the redirection of its offer towards sustainable products...
Crowdfunding7 days ago
A crowdfunding campaign was launched by Biofarm, the first digital farm in Europe
Africa7 days ago
Burkina Faso validates a new project to increase access to energy in rural areas
Biotech6 days ago
VB Devices closes a €1.1 million round to consolidate its market entry
Business6 days ago
The multifaceted benefits of Augmented and Virtual Reality in education