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Location: New York City, NY
Sector: Fintech .
Leading Alternative banking platform provides solution to consumers through its www.mangomoney.com brand to Small & Medium Business (SMB) through www.juiceforbusiness.com and to enterprise customers, using its Juice Financial Enterprise offering.
Bank disruption with digital solution is growing in double digits and will continue for the foreseeable future
Juice Financial technology and product offering in market leading and can be scaled with proper funding.
Since the recent change in its business model from enabler to complete solution, the company is raising funding in an affordable price, similar deals are made in much higher valuations. Good chance for significant value creation!
• Platform- Efficiency, Compliance
Our cloud base platform is unique, it combines booth financial and contextual data in one platform. That allows us to mange the issuance life cycle with extreme clarity and efficiency
• Fast on boarding
Our self service go to market platform is first of a kind, saves time and money. Think Square
We have implemented successfully more than 100 card schemes, many where market first, our organizational memory is loaded with experience and expertise that is hard to match.
We are bank agnostic and processor agnostic that unique cloud base approach allowed us to switch bank and processor recently and expand globally fast once we are funded.
Since our platform is in the cloud and agnostic ,we have no limitations on global expansion
Our system logic is set in such way that the logic is kept with it and not in the processor level, which allows us to introduce new features like, saving accounts, early access.
Global demand for alternative banking solutions is growing in double digits pace worldwide, an estimated 400B load volume and 8B in revenue potential in us alone and same in the rest of the world.
We built a cloud base issuing and management platform that address the need of consumers, SMB‘s and enterprise customers for a feature relevant banking solution. Our platform allows for a rapid and scalable deployment and cost effective and compliant management.
As a proven private label solution provider we enabled successfully government agencies, retail banking customers and consumers. our end to end solution is best used in use cases that represent high complexity, short time to market and when bank product is not core offering.
We found a path to scale the business, we have simplified the onboarding process to reach a significant competitive advantage in market we see potential in such as SMB.
Positive investment momentum and rich valuations
Q1 2018 was another record quarter for funding Fintech companies especially companies in our space like Chime,N26,Revolout and GreenDot.
Moshe Golomb, Founder & CEO
A Fintech pioneer with proven track record of developing and commercializing financial products. has 20 years of management, product development, business development and financial experience at early-stage technology companies and banks such as optimum interactive and First International Bank.
Moshe holds a BS in economics and business and an MBA in banking and finance from Tel Aviv University.
Morris Azulay, CFO
Morris has acted as CFO and COO at many tech startups over the last 20 years, and has significant experience in capital financing. Morris holds a BS in economics and accounting from Tel-Aviv University and an MBA from Herriot Watt University.
Dr. Ilan Perez, VP Technology & President
Dr. Ilan has over 20 years of experience in product & development management in technology companies such as SAP, Dr. Ilan was instrumental in developing the Juice enterprise program management system.
Barry Kessler, GM reloadable cards
Barry has over 25 years of delivering product innovation, development and operations management for prepaid and financial services industry in leading companies like Clarity and Total Systems
Mike Eller, VP of Sales
Mike has 15 years of business development and sales of financial services for the underserved consumer focusing in pre-paid and stored-value card programs for CompuCredit, NetSpendandIncom.
Eitan Ram, GM, Gift Cards
Eitan , has over 20 years of operations and systems experience in the stored value software and POS network industries. Former business unit manager at Retalix/NCR
Greg Johnson, VP card operations
Greg has over 10 years program management experience in the prepaid industry. Prior to joining Praxell in 2013, he worked as a Senior Relationship Manager for a Meta payment systems the largest Prepaid Issuing Bank.
John Walsh, Compliance Officer
John has over 20 years of experience planning and addressing risk management issues in the financial services industry, including roles at Wachovia Bank NC, Bank of America at Charlotte, NC, and Merrill Lynch
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Happy Loan Corp.
Location: Calgary, AB
Happy Loan Corp. is a non-bank short term lender that provides fast, same-day funding private mortgages and loans for those who cannot get financing through traditional sources. Our lenders are primarily individual private investors and we also lend our own capital out. Happy Loan Corp. is an additional product to serve homeowners looking to borrow less than $10,000.
Same day funding – We provide same day funding if we receive an application and supporting documentation before noon.
Experience in private lending – We have over 20+ years in the mortgage/private lending industry as brokers and as direct lenders.
In-house Real Estate services – At our office, we have an in house real estate associate (Realtor). He is related to the owner of the mortgage brokerage and is a vital part of the business. He is able to provide fast, efficient, and reliable selling/buying services to our clients as a bundle. He is also able to review appraisals and provide additional information on property values for our lenders.
Equity lending – As private lenders, borrowers with bad credit and poor income are typical. We have established an objective review process that ensures borrowers are able to service their debt. However, our main focus is on the collateral provided by the borrower. All of our mortgages are secured and in most cases loans are secured as caveats.
In-house collection services – We collect arrears in-house and have relationships with all top foreclosure/collection lawyers in the province. We are able to get short redemption periods and default judgements for our mortgages and loans. We also have the opportunity to secure our judgements on personal property and garnishing wages and bank accounts if necessary.
Small team of experienced associates and staff that understand issues (self employed, bad credit, etc.) – We have a small team of licensed mortgage associates that are able to competently qualify borrowers. We also have a small support team that is under direct supervision and have been trained to use our semi-automated CRM system. This ensures we provide a fast response to requests, quick turnaround times for funding, and exceptional follow up with leads/clients. With more than 20 years of experience in the mortgage and loan industry we understand how to analyze deals.
Risk management – 20+ years of underwriting experience in private lending and objective review processes allow us to manage risk with high risk borrowers.
Value proposition – Fast, same-day funding for people when they have an emergency.
Secured investment – Loans and Mortgages secured on title of the collateral.
Great customer service – Exceptional 24/7 customer service with problem solving mentality.
Zoltan M. Padar, Managing Partner
Immigrated to Canada in 1981 from Hungary. Worked in the steel industry as a welder for the first two years while learning English. Enrolled in Hotel and Restaurant Management for Diploma, finished the 4 years in 2 years. Developed entrepreneurial spirit and took position as manager at King Edward Hotel for 4 years, taking revenue from $6,000 to $36,000 per week. Purchased a laundromat in 1986, at same time started building own restaurant from scratch. Sold both laundromat and restaurant in 1991. Started a successful pre-owned vehicle sales business Trustworthy Auto Sales, opened a second location within 2 years, purchased real estate, flipped properties, and held rentals. Began financing own vehicles leading to huge account receivables in a few short years. Sold all remaining inventory and moved to the US in 2000 and opened new dealership. Returned to Canada in 2002 and started lending out own capital into mortgages. Founded Private Lender Inc. Invested in all types of real estate residential and commercial for various purposes e.g. mortgages, flipping, development, holding. Current net worth approximately $4,000,000 statement can be provided
Konstantin Kuligin, Managing Partner
Konstantin Kuligin is a seasoned mortgage broker, private lender, serial entrepreneur, and philanthropist whose innovation, compassion, and unique aptitude have earned him the reputation as a community leader and sought-after industry expert. Over the course of half a decade, he has garnered extensive knowledge within his field, specializing in not only private lending, but 2nd mortgages and commercial mortgages.
From establishing a lucrative auto company as a teenager, to launching three successful financial advisory and money lending companies, Konstantin has been a go-getter and consistent top achiever for as long as he can remember. Today, he serves as Private Lender & Commercial Mortgage Broker at Mortgage Pro Ltd. and the Managing Partner of Eclato Group Inc. and Best Capital Corp. while expanding his brand-new company, Happyloan.ca. Known for his outside-of-the-box mentorship, he conducts intensive coaching through CashflowBusiness.club.
Infinitely dedicated to giving back, Konstantin also volunteers for Kiva.org and has assisted hundreds of people since 2014. Chairman of Foundation for the Advancement of Entrepreneurship (www.FAE.ngo). In addition, he runs an exclusive, growing group of like-minded entrepreneurial spirits called The BEST CASHFLOW Club. At the end of the day, his vision is to simply create quality job opportunities and successful business owners that will shape Canada’s entrepreneurial landscape for years to come.
Immigrated from Russia to Canada in June 2010 with his lovely wife Maria. Konstantin Resides in Calgary, AB.
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Frontenac Mortgage Investment Corp.
Location: Sharbot Lake, ON
Sector: Financial Services .
Frontenac Mortgage Investment Corporation (the “Fund”) is a non-redeemable investment fund. The Common Shares are redeemable only once per year, on November 30th, or otherwise under certain limited circumstances (see “Redemption of Securities”). The Fund operates as a mortgage investment corporation and its objective is to generate income while preserving capital for re-investment. The Fund expects to derive its earnings principally from the receipt of interest payments on mortgages and subsidiarily from interest distributions on the cash reserves of the Fund. The Fund will achieve its investment objective by lending on the security of mortgages on real property located in Canada but primarily in the province of Ontario. The mortgage loans transacted by the Fund will generally not meet the underwriting criteria of conventional lenders and/or will involve borrowers in rural areas generally not well serviced by major lenders. As a result of the Fund’s investment in loans secured by non-prime mortgages, the Fund expects to earn a higher rate of interest than what can generally be obtained through more conventional mortgage lending activities.
The fundamental investment objective of the Fund is to generate as much income as possible while preserving capital for re-investment through the making of commercial and residential mortgage loans secured against real property located in Canada and principally in Ontario. As a mortgage investment corporation, the Fund expects to derive its earnings principally from the receipt of mortgage interest payments and, subsidiarily, from interest or interest-like distributions on the cash reserves of the Fund.
The Fund’s business consists in lending money, principally to individuals, for the purposes of acquiring, developing, maintaining or upgrading residential and other real property, against the security of a mortgage granted on such property. The purchase of a single security, namely, the Common Shares, allows an investor to participate with other investors in a common fund holding a variety of loans secured by mortgages.
The Fund, through the Administrator, works closely with retail mortgage brokers throughout Ontario in order to market itself as a lender of choice in the non-prime mortgage market segment. In this manner, it expects to be well positioned to receive referrals on mortgage lending opportunities that do not meet the criteria of the major lending institutions or that involve borrowers in rural areas typically not well serviced by major lenders. As a result, the Fund’s loans secured by non-prime mortgages are expected to earn a higher rate of interest than what is generally obtainable through traditional mortgage lending activities.
In furtherance of its strategy, the Fund:
(i) will make loans in amounts up to 80% of the fair market value of the mortgaged property, subject to certain restrictions, as more fully set out under “Investment Restrictions”, for initial terms of up to five years;
(ii) may engage in bridge financing activities including the financing of new home construction;
(iii) targets that at least 90% of the value of mortgages held will be first mortgages and no more than 10% of the value of mortgages held will be second mortgages;
(iv) allows for up to 25% of the value of mortgages held to be on commercial or mixed-use properties;
(v) intends to generally invest in open mortgages carrying a fixed rate of interest;
(vi) targets holding a cash position equal to approximately 5% of its total assets; and
(vii) will not buy or sell mortgages in the secondary market, hold a fractional interest in a mortgage or participate in mortgage syndications.
Longetivity – We have been successfully managing mortgage based investments for well over 30 years
Public Company, Not listed – You gain the transparency and professional management of a public company without the volatility of public markets.
No Leverage – We manage our cash position closely to ensure investment dollars are always working to their full capacity, while not putting investor equity at greater risk with the use of leverage.
Matthew Robinson, CIM – President (AR)
Matthew J. Robinson is the President, a director, and the controlling shareholder of the Manager. For the past three years, he has been actively involved in all aspects of the management and supervision of the business of the Fund including portfolio analysis and strategic asset allocation. Matthew J. Robinson is the eldest son of the Manager’s founder and former President, Wayne A. Robinson. Matthew holds a CIM (Certified Investment Manager) designation and is registered as an Advising Representative under the Manager’s Portfolio Manager registration. Matthew received his Bachelor of Science degree from Queen’s University on June 1, 2000 with the majority of his electives taken in Commerce. Prior to assuming full-time duties with the Manager, over the previous fifteen years, Matthew gained extensive experience and expertise in real estate analysis and finance as principal and broker of Lake District Realty Corporation, a real estate firm. Matthew Robinson is also a mortgage broker and director of the Administrator.
Kevin Cruickshank, CPA, CA – Executive Vice President & Chief Financial Officer
Kevin graduated from Wilfrid Laurier University with a Bachelor of Business Administration (Honours) with Distinction in 1990 and was admitted to the membership of the Institute of Chartered Accountants of Ontario in 1993.
After having worked for five years as a Chartered Accountant with Wilkinson & Company LLP in Belleville, Ontario, Kevin spent the next five years as the Vice-President of Finance for the Cooney Transport Group of Companies where he oversaw the financial affairs of a group of 19 companies involved in international trucking operations with a real estate network of seven terminals located in Ontario and Quebec.
In 2000, Kevin was appointed Chief Financial Officer of the Hanley Group of Companies, also in Belleville, Ontario, where he oversaw the financial affairs of several companies involved in quick food service operations and managed an investment company.
Having always wanted to own his own business, he became a partner in The Loon’s Call Campground & Cottage Resort, a seasonal resort operation located in Cloyne, Ontario.
After leaving the Hanley Group of Companies in 2004, Kevin continued his accounting practice, assisting clients with business planning and financial matters in addition to providing traditional accounting and taxation services until June 2012 when he joined W.A. Robinson Asset Management as its full-time CFO. He also holds the CCO (Chief Compliance Officer) title.
Debra Smith, CIM ® – Manager, Investor Services (AAR)
Debra manages the Investment Services Department and is the main touch point for our Advisor partners.
Debra is also responsible for our discretionary portfolio and group portfolio clients who have been with us from the early days of operations.
Debra, a Chartered Investment Manager (CIM ®), has been with the company since 2002 and has experience in corporate accounting, personal finance, and income tax preparation within W.A. Robinson Asset Management Ltd. as well as investment and management experience.
In addition to obtaining her CIM designation, Debra has completed several finance, tax and accounting courses through St. Lawrence College and the Certified General Accountants (CGA) program.
Actively involved in her community, Debra was a Scout Leader for 15 years, coached baseball for 10 years and was the Treasurer and Entertainment Chair for the Parham Agricultural Society.
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Canadian Lending Inc. (CLI) is one of the fastest growing private lenders in Canada.
Since 2011, CLI has provided investors access to private mortgage investment opportunities, with 150 million worth of private mortgages and a default rate of less than 1%. CLI has a team of over 40 employees across Canada that source, provide due diligence on, and underwrite mortgages.
A dedicated underwriting team that ensures all properties are properly appraised.
– CLI works with a team of lawyers to secure investors on title and ensure timely closings.
– Investors can select loan opportunities according to their risk profile. Yields historically range
from 6-14%, depending on borrower quality, appraisal amount, and other factors.
– Terms are typically 12 months.
– CLI offers a no-cost, turnkey services to all investors, offering a passive investing opportunity
to earn a return with no hands-on management required.
Alan acts as the principal broker for CMI. He has been involved in real estate in many capacities for over 35 years with expertise ranging from real estate brokerage, property management, real estate software consulting and development financing. He is the founder and CEO of the CMI group of companies with experience ranging in mortgage brokerage compliance, corporate oversight and management, development financing, commercial financing and TARION custom home construction.
Bryan has been the managing executive of the CMI group of companies since 2005. Starting out as a mortgage brokerage, the CMI Group has expanded to include multiple additional divisions which include Canadian Lending Inc (a direct private lender to the mortgage brokerage industry) and Canadian Servicing Inc (a licenced mortgage administrator). Bryan Jaskolka has also been involved with thousands of mortgages transactions & has expertise in residential and commercial financing.