CrowdFundMe, the Italian crowdfunding equity portal listed on Aim, has launched a call for SMEs in order to finance them through the issue of minibonds. The initiative is aimed at companies with a minimum turnover of $5.9 million (€5 million) per year, a debt not exceeding 3 times the Ebitda, and a positive Ebitda for at least two years.
CrowdFundMe was authorized last June by Consob to also place bonds. The debt securities have a limit set for each individual placement at $9.43 million (€8 million). The PMI sets the funding target, the duration of the security, and the terms of interest payments and repayment of the principal. After the placement period through the platform, the minibond can be listed on the ExtraMot Pro3 segment of Borsa Italiana, with the aim of giving greater prominence to the issuing company.
“To date, CrowdFundMe has demonstrated a successful track record in the equity field, raising more than $35.4 million (€30 million) for about 90 companies. We expect to replicate it also on the bond front. A few months ago, we launched our first two issues: Hal Service and i-Rfk. We are convinced that minibonds represent a real alternative source of financing to the traditional banking channel for SMEs seeking liquidity and an important element of portfolio diversification for investors,” said Tommaso Baldissera, CEO of the platform.
Find out how SMEs could also be financed through minibonds on the CrowdFundMe portal and read the latest finance news with the Born2Invest mobile app.
Hal Service’s minibond, which had a maximum collection target of $1.18 million (€1 million), is currently being refined
Hal Service S.p.A., active since 1990, is an IT and telecommunications company that designs, builds and manages infrastructure, applications and connectivity services. Moreover, it offers technological and organizational consulting to companies (both private and public) or institutions. Among other things, the company participates in the Top-IX consortium, which manages the Piedmontese Internet Exchange and the Wi-Pie network, an infrastructure of 900 km of optical fiber, 700 km of digital paths to bring the Internet even in the most peripheral areas, with wireless and satellite technology.
The placement of the minibond of i-Rfk, a startup investment holding company that last year made a record collection with equity crowdfunding also on CrowdFundMe, will expire next September 21st and, to date, has collected $1 million (€850,000) from 20 qualified investors.
Innovative RFK was listed on December 27th, 2019
Innovative-RFK is a holding company founded in 2017 by Paolo Pescetto, Massimo Laccisaglia and Andrea Rossotti, professionals with a solid background in extraordinary finance operations and business strategy. Innovative-RFK closed 2019 with the listing on the Euronext Paris stock exchange in crowd listing mode, confirming its connotation towards innovation.
To date, Innovative-RFK has invested $8.85 million (€7.5 million) in 5 subsidiaries involving more than 120 private and qualified investors to which the holding company aims to generate value through a careful and strategic selection of subsidiaries to be added to the portfolio. Since listing on the stock exchange on December 27th, 2019, the i-RFK share has increased from $1.4 to $1.49 (€1.19 to €1.26) (+5.9%) per share (price per share at 4-Giu-2020), reaching a market capitalization of $13 million (€11.1 million).
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