Crowdfundme, Fundera and Frigiolini & Partners Support the Placement of iVision Minibonds

CrowdFundMe SpA , an alternative finance group listed on the Italian Stock Exchange, supports, together with Frigiolini & Partners Merchant and Fundera, the launch of the minibond with semi-annual coupon of i Vision Tech SpA .

iVision Tech is an innovative SME and Made in Italy company of excellence that designs and produces acetate eyeglass and sunglasses frames, as well as combined glasses.

Owner of the historic high-end French eyewear brands “Henry Jullien”, the company closed the 2023 financial year with sales revenues of €9.37 million, up 18.6% compared to the previous financial year, and now aims to accelerate its expansion.

iVision placement open to retail customers

The minibond has a maximum amount of €5,000,000, a 7-year amortizing maturity, with two years of pre-amortization.

The issue of iVision SpA, thanks to the provisions of the new European Regulation 2020/1503/EU which regulates the activity of Crowdfunding Service Providers, is also open to retail investors, subject to the necessary checks and for this reason it is a minimum unit cut of €10,000 was foreseen.

Due to a peculiarity of the Italian law (also in contrast with European rules), minibonds cannot also be subscribed by retail investors if issued by LLC companies. This is however possible if issued by a SpA as in the case of iVision.

The rate paid to subscribers is variable and the first gross coupon is set at 290 bpa above the average recorded in the observation period of the 6-month Euribor letter. The issuer intends to request admission to listing of the Minibond on Euronext Access Milan (Italian Stock Exchange).

The funds raised will be used by iVision Tech in order to accelerate the growth path, mainly regarding the opening of new foreign markets and the implementation of new products to complete the current range.

The collaboration between CrowdFundMe and Fundera-Frigioli & Partners

CrowdFundMe, as part of the agreement stipulated at the end of 2023 with the counterpart portal Fundera, controlled by Frigiolini & Partners Merchant, will convey its interested customers directly to the Fundera platform and potential subscribers, including retail ones , will be able to subscribe to the minibonds specially selected by CrowdFundMe on Fundera among those published, including that of -Vision.

This method, hinged between two portals recently authorized under the new European legislation, will allow CrowdFundMe customers, after having carried out the necessary checks required by law, to access bond instruments with a coupon yield, diversifying the portfolio and supporting the real economy.

The importance of the operation for iVision in stakeholder statements

Tommaso Baldissera Pacchetti, CEO of CrowdFundMe, declares: “We are proud to collaborate together with Frigiolini & Partners on this high-profile financial operation, supporting an SME that represents a reality of excellence for Made in Italy. Furthermore, thanks to this minibond, CrowdFundMe investors can use new coupon yield bond instruments to build a diversified portfolio, combining these opportunities with equity crowdfunding and, through our subsidiary Trusters, also with lending crowdfunding.”

Stefano Fulchir, CEO of iVision Tech, comments: “As declared at the time of the IPO and confirmed by the acquisitions of the historic French brand Henry Jullien and the IVILENS OOD ophthalmic lens manufacturer, iVision Tech continues its growth path through external lines. To do this, we have decided to make use of financial instruments such as minibonds which will allow us to increase resources to add other pieces of our development strategy and to give an acceleration boost for the ISEE project, the innovative project of glasses for the blind and visually impaired people on whom we are working hard with our R&D department.”

“We are honored to accompany I-Vision to the market – specifies Leonardo Frigiolini Founder of F&P Merchant and CEO of Fundera – and no less than the collaboration with the CrowdFundMe Portal, which has always been one of the best performing on the market. We believe that in full compliance with the new European regulation 2020/1503 which definitively came into force last November, the number of minibond investors will increase significantly and the progressive reduction of the minimum denomination will bring together new classes of investors who, in a perfect world (today it is not yet), they will even be able to invest in full exemption from taxation on the coupons received as these instruments are PIR Compliant.”

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(Featured image via Pixabay)

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