Alpha Blue Ocean, the family office and leading specialist in alternative financing founded by Pierre Vannineuse, has announced the signing of a new financing agreement of three million Euros through ADTHINK, recently renamed NFTY , via a new alternative innovative and unprecedented financing solution in France.
Latest Fintech Insights: Savvymoney Announces $45 Million Growth Investment Led By Spectrum Equity
Adthink, recently renamed NFTY, and Alpha Blue Ocean announced the signing of a financing contract in Bonds Convertible to Redeemable Shares, for a nominal maximum amount of €3M over 3 years.
The purpose of this financing agreement is to support the growth of the group over the next 3 years and to strengthen its diversification and its position as a major player in digital advertising in France.
Pierre Vannineuse, Chairman, CIO & Founder of Alpha Blue Ocean: “ABO is thrilled to diversify its portfolio with this new investment in France in an AdTech leader and a future leader in the market for NFTs(*). Our continuing quest to align the interests with all of the stakeholders of the companies in our portfolio and participations has led us to be the first to implement a financial instrument of this type on the French market.”
Browse The Complete News About Fintech : Financial Pressures Mount Amid Inflation for American Consumers
(*) Non Fungible Tokens are unique digital « assets » stored and registered on a distributed ledger technology such as the blockchain (most of which are on the Ethereum blockchain) and differ sensibly from other more well-known fungible tokens such as BitCoin Ethereum or, Dogecoin.”
Jonathan Métillon, CEO of Adthink: “This innovative financing solution will allow us to meet the specific needs of Adthink by aligning the interests of each party with the existing shareholders. The net product of the issue will be allocated to the general requirements of the group, to the Working Capital required for the growth of our advertising activities as well as the technical and sales growth of our new NFT marketing services”
Read More About Fintech News : Sellvia Gives an Opportunity to Start an Ecommerce Business for Free
[To share your insights with us, please write to sghosh@martechseries.com]
