Press Release: July 16, 2020
San Francisco-based US Capital Global Securities has increased the size of its private placement offering for a global digital bank, following strong investor interest.
San Francisco, California, USA., July 15, 2020 -- US Capital Global Securities LLC, an affiliate of US Capital Global, is increasing its convertible note offering for EQITrade Limited (“EQITrade”) to $2 million, in response to sustained interest in the opportunity, which led to the initial offering being over-subscribed.
EQITrade’s subsidiary, EQIBank Limited (“EQIBank”), is aleading digital bank for businesses and high-net-worth individuals, providing 24/7 cloud-based banking in multiple currencies to 180 countries and territories, and unlike its competitors, its services are offshore and tax-exempt. Combining a low-cost global banking network with real time insights, EQIBank provides multi-channel and scalable core platforms offering streamlined on-boarding, simple user interfaces, and end-to-end solutions with a strong focus on client experience.
Headquartered in San Francisco, US Capital Global is a full-service private financial group with an established track record in corporate finance, asset management, and capital formation services. All private placements, securities, and other related services are offered by the group’s FINRA-registered broker-dealer affiliate, US Capital Global Securities LLC.
“It’s immensely encouraging that the convertible note offering for EQITrade has been oversubscribed, and we are thankful to have US Capital Global Securities as our lead placement agent,” said Jason Blick, CEO at EQITrade Limited. “The additional financing being raised will allow us to channel more resources into further developing our services, as EQIBank continues to pursue its mission of ushering in a much-needed evolution in the global banking industry.”
“We are not surprised that EQITrade’s convertible note offering has attracted such a positive response,” said Charles Towle, CEO at US Capital Global Securities. “This market-disruptive FinTech firm is making waves in the international banking arena. EQIBank is the world’s first digital, tax-exempt global bank for businesses and high-net-worth individuals, and we feel very optimistic about its future and the positive changes EQIBank is bringing to the industry. The opportunity to participate in this $2 million convertible note offering is now open to eligible investors.”
About EQIBank Limited:
EQIBank is one of the world’s leading innovative banks and strives to provide more products to more countries than any other digital bank. EQIBank is the world’s first global digital bank aimed solely at businesses and high-net-worth individuals and provides offshore, tax-exempt, and tailored personal and corporate banking services to clients in 180 countries and territories. With 24/7 cloud-based access, real time insights, and high barriers to entry, EQIBank’s strategy is to accelerate simplification, using Open Banking Standards and Open APIs to create a new global standard of banking. www.eqibank.com
About US Capital Global:
US Capital Global Securities LLC is the FINRA-registered broker-dealer division of US Capital Global that acts as placement agent for growth-stage companies, projects, and investment funds. Since 1998, the US Capital Global team has been committed to providing small and lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to larger middle market companies and institutional investors, using the latest FinTech and RegTech innovation. US Capital Global entities manage direct investment funds and provide wealth management and capital raise services. US Capital Global Securities, LLC or its affiliates may provide advice to, be compensated by, or may from time to time acquire, hold or sell a position in the securities of, the issuers mentioned herein. Any such offer or solicitation shall be made only pursuant to the confidential private placement memorandum. View USCGS’ Form CRS at www.uscgs.com/crs.html.
To learn more about US Capital Global Securities, email Charles Towle, CEO, at email@example.com or call +1 415-889-1010.
US Capital Global
555 Montgomery Street, Suite 1501
San Francisco, CA 94111