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).
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 Crowdfunding buzz, 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.
Three Applications Putting Augmented Reality in the Hands of Real Users
Augmented Reality (AR) is an exciting technology, especially now that we’re reaching an age where viable smartglasses are finally coming...
The State of Social Security: A Breakdown of the 2021 OASDI Trustees Report
The difficulties surrounding Social Security have not changed. It’s simply an equation of inflows and outflows. The glaring reality is that in...
Why the Number of Hedge Funds Active on the Crypto Market is Increasing
According to Francesco Filia, CEO of Fasanara Capital, cryptocurrencies often boost the performance potential of traditional hedge funds due to...
Hamburg-Based Neobank Tomorrow Raises €14 Million
So far, Tomorrow has lagged behind its own goals in some respects. In the past, an interim target of 1...
Virtual Reality in Exposure Therapy: XRApplied Making it a Reality
Virtual Reality is notoriously good at tricking our brains into believing that what we’re seeing is real. In fact, VR...
Cannabis2 weeks ago
Thailand Plans to Reap the Benefits of Cannabis Exports
Featured2 weeks ago
CRIF Invests in the Fintech Company Know Your Customer and Signs Strategic Partnership
Crypto2 weeks ago
Cardano Share Price Breaks Through $3 Mark After the Launch of Alonzo Test Net
Business2 weeks ago
Using SEO to Inform Your Website Content Strategy