Investment bank Entoro Capital, LLC announces a partnership with global payments platform LODE Payments International (LPI) to raise $10 million from Accredited Investors under the Securities and Exchange Commission (SEC) Reg D 506c offering.
LPI is offering a 9% per annum bond with quarterly payments on a 5-year term (non-renewable). The bond is redeemable once per quarter, up to 5% of the principal and interest of the bond, at the demand of the Bondholder. The bond is subordinated debt with no existing senior debt.
With payment giants attracting millions of annual active users, Entoro is always looking to provide Investors with new opportunities to tap into blockchain technology as it grows further in the financial industry.
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“This bond offering provides Investors with a smart way into investing in fintech and blockchain as LPI is primed to become the Paypal of stable assets,” noted James Row, Managing Partner of Entoro Capital. “Through its proprietary wallet application, LPI is enabling users to access, send, and spend stable digital assets globally and we are excited to be a part of advancing their mission.”
“We want to provide people with a payment system that works for them, allowing them to access stable assets that help them preserve wealth over time,” noted Nicholas Prouten, COO of LPI. “With the LODEpay Wallet, users can seamlessly manage their digital assets and fiat as they experience faster transaction speeds, lower fees, and massive growth opportunities globally. We’re excited to partner with Entoro to get more people on board with restoring stability to our economic system.”
