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Digiliti Money Group (OTCQB:CAFN) reported closing its private placement after a decrease in size and commitments
Change: offered -5% / raised -5% / placed 100%
XDATA - April 18th 2017
Digiliti Money Group reported in a document filed with the SEC decreasing its offering's size from $550,000 to $520,000. Commitments also decreased by 5%. At close, one investor was behind the $520,000 raised by the company. The private placement's expected net proceeds amounts to $484,000 which excludes $36,000 paid in brokerage fees. The company closed eight unregistered private placements which raised an estimated $25.93 million.
Digiliti Money Group trades under symbol OTCQB: CAFN
The company is a cloud-based, software-as-a-service (SaaS) technology provider serving the financial services industry with mobile money management and remote deposit capture solutions for web and mobile devices.
The company is headquartered in Minneapolis MN. Digiliti Money Group kept its revenues undisclosed.
The executive team includes Bruce Whitemore, Bryan Meier, Jeffrey Mack and Lawrence Blaney.
The board of directors includes Darin McAreavey, James Davis, James Spencer, Michael Hanson, Robin O'Connell, Rod Jardine and Ruth Owades.

The company has raised an estimated total of $26.45 million via private unregistered security offerings.
Offering recap
Status: Completed
Company: Digiliti Money Group
Industry: Other Technology
Amount offered: $520,000
Amount placed: $520,000
SEC filing: Source
First sale: 12-12-2016
Data as of: 04-18-2017
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Largest Transactions by Amount Raised : Finance Personal banking Products
 Entity NameOffer Date $ SoughtDelta $ Sought$ RaisedSecurity OfferedIndustryFiling Type/
SEC Source
 NerdWallet2015-01-3063,538,30063,538,30063,009,982EquityOther Technologyoriginal
 Nubank2015-12-2452,339,98652,339,98652,339,986EquityOther Technologyoriginal
 bankFacil2017-12-1055,000,00055,000,00042,470,906EquityOther Technologyoriginal
 Nvest2018-03-1440,000,00040,000,00040,000,000EquityOther Technologyoriginal
All dollar amounts are derived from filings lodged with the SEC by the company under current and previous names.
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