Form D SEC Filing: Iou Financial $765691 Fundraising. David Kennedy Released Nov 28 SEC Form

Banking and Financial Services Iou Financial Inc. - David Kennedy

Iou Financial Financing

Iou Financial Inc., Corporation just had published form D about $765,691 equity financing. This is a new filing. Iou Financial was able to fundraise $765,691. That is 100.00% of the financing round. The total fundraising amount was $765,691. The financing document was filed on 2016-11-28. The reason for the financing was: CANADIAN DOLLARS CONVERTED TO U.S. DOLLARS AT AN EXCHANGE RATE OF CDN$1.00=USD$0.7565 (BANK OF CANADA NOON EXCHANGE RATE ON OCTOBER 13, 2016)..

Iou Financial is based in Quebec – Canada. The company’s business is Other Banking and Financial Services. The D form was filed by David Kennedy Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 1 Place Ville-Marie, Suite 1670, Montreal, A8, Quebec, Canada, H3b 2B6. Philippe Marleau is the related person in the form and it has address: 1 Place Ville-Marie, Suite 1670, Montreal, A8, Quebec, Canada, H3b 2B6. Link to Iou Financial Filing: 000169064616000001.

Analysis of Iou Financial Offering

On average, companies in the Other Banking and Financial Services sector, sell 60.00% of the total offering amount. Iou Financial sold 100.00% of the offering. Could this mean that the trust in Iou Financial is high? The average financing size for companies in the Other Banking and Financial Services industry is $1.58 million. The offering was 51.38% smaller than the average of $1.58 million. Of course this should not be taken as negative. Businesses get financed for different reasons and needs. The minimum investment for this fundraising is set at $0. 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 Iou Financial Also

The Form D signed by David Kennedy might help Iou Financial Inc.’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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