Dream Payments Financing
Dream Payments Corp., Corporation just had published form D regarding $1.50 million debt financing. This is a new filing. Dream Payments was able to sell $1.00 million so far. That is 66.67% of the financing offer. The total offering amount was $1.50 million. The form was filed on 2016-12-01. The reason for the financing was: unspecified. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Dream Payments is based in Ontario – Canada. The filler’s business is Computers. The form D was submitted by Alex Walker Chief Financial Officer. The company was incorporated in 2014. The filler’s address is: 171 East Liberty St. Suite 201, Toronto, Z4, Canada (Federal Level), M6k 3P6. Alex Walker is the related person in the form and it has address: 171 East Liberty Street, Suite 201, Toronto, A6, Ontario, Canada, M6k 3P6. Link to Dream Payments Filing: 000163422016000002.
Analysis of Dream Payments Offering
On average, companies in the Computers sector, sell 85.30% of the total offering size. Dream Payments sold 66.67% of the offering. The fundraising is still open. The average investment floor size for companies in the Computers industry is $130,000. The total amount raised is 669.23% bigger than the average for companies in the Computers sector. The minimum investment for this offering was set at $0. If you know more about the reasons for the fundraising, 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 Dream Payments Also
The Form D signed by Alex Walker might help Dream Payments Corp.’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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