Form D To Observe: China Rapid Finance $57.78 million Fundraising. Andrew Mason Submitted Nov 21 SEC Form

Banking and Financial Services China Rapid Finance Ltd - Andrew Mason

China Rapid Finance Financing

China Rapid Finance Ltd, Corporation just released form D because of $57.78 million equity financing. This is a new filing. China Rapid Finance was able to finance itself with $25.50 million so far. That is 44.13% of the round of financing. The total private offering amount was $57.78 million. The offering form was filed on 2016-11-21. The reason for the financing was: unspecified. The fundraising still has about $32.28 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

China Rapid Finance is based in China. The filler’s business is Other Banking and Financial Services. The form D was signed by Andrew Mason Director. The company was incorporated more than five years ago. The filler’s address is: 5Th Floor, Building D, Benq Plaza, 207 Songhong Road, Changning District, Shanghai, F4, China, 200335. Zhengyu Wang is the related person in the form and it has address: 5Th Floor Building D Benq Plaza, 207 Songhong Road, Changing District, Shanghai, F4, China, 200335. Link to China Rapid Finance Filing: 000134661016000010.

Analysis of China Rapid Finance Offering

On average, firms in the Other Banking and Financial Services sector, sell 60.00% of the total offering size. China Rapid Finance sold 44.13% of the offering. The financing is still open. The average investment floor size for companies in the Other Banking and Financial Services industry is $1.58 million. The total amount raised is 1,518.80% bigger than the average for companies in the Other Banking and Financial Services sector. The minimum investment for this financing was set at $1. If you know more about the reasons for the financing, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For China Rapid Finance Also

The Form D signed by Andrew Mason might help China Rapid Finance Ltd’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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