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SNAPCARD unveils details on its $5.86 million unregistered offering
XDATA - November 8th 2016
After nineteen financial backers subscribed to 95% of its equity financing round, SNAPCARD disclosed initiating a first close after raising $5.55 million. The subscription to the $5.86 million non-brokered private placement started one month ago according to information filed with the SEC. Two previous unregistered financing rounds raised an estimated $4.2 million.
SNAPCARD markets and develops tools for merchants to accept digital currencies including Bitcoin, Litecoin, Dogecoin, and Ripple. Solutions encompass mobile point-of-sale tools as well as real-time analytics, fast deposits and simple refund system.
The company is headquartered in San Francisco CA. SNAPCARD elected to keep its revenues undisclosed.
The executive team includes Ioannis Giannaros and Michael Dunworth.
The board of directors includes James Gutierrez and Zhou Welli.

The company has raised an estimated total of $9.76 million via private unregistered security offerings.
Offering recap
Status: First close
Industry: Other
Amount offered: $5.86 million
Amount placed: $5.55 million
SEC filing: Source
First sale: 09-19-2016
Data as of: 11-08-2016
Similar transactions 2015 Map: Software Category
2018-05-30 POSaBIT filed $450,000 in additional commitments
Change: offered +30% / raised +44% / placed 100%
2018-03-30 Insite Software Solutions reported raising $1.55 million via private placement
2018-03-09 $5 million first close filed by Moltin Holdings
2017-09-12 Copia Global placed $4 million with one investor
2017-06-15 Late filer Digitzs Solutions files $3.6 million final close
Largest Transactions by Amount Raised : Payment Products
 Entity NameOffer Date $ SoughtDelta $ Sought$ RaisedSecurity OfferedIndustryFiling Type/
SEC Source
 First Data Holdings2014-06-193,500,000,0003,500,000,0003,500,000,000EquityOther Technologyoriginal
 Equian Parent2015-12-18252,965,960252,965,960252,965,960EquityOther Health Careoriginal
 Ceridian Holding II2016-03-31150,300,000150,300,000150,211,170EquityOther Technologyoriginal
 Stripe2016-11-22141,000,010141,000,010141,000,010EquityBusiness Servicesoriginal
All dollar amounts are derived from filings lodged with the SEC by the company under current and previous names.
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