US Capital Global Securities Engaged by EQIBank to Facilitate $5MM Capital Formation
San Francisco-based private financial group engaged as lead placement agent by the parent of the world’s first global digital bank for businesses and high-net-worth individuals.
SAN FRANCISCO, MARCH 2020 – US Capital Global Securities LLC announced today that it has been retained by EQITrade Limited as lead placement agent to facilitate a $5 million capital formation. EQIBank, theleading digital bank for businesses and high-net-worth individuals, provides 24/7 cloud-based banking in multiple currencies to 180 countries, and unlike its competitors, its services are offshore and tax-exempt.
Combining a low-cost global banking network with real time insights, EQIBank offers clients personal and corporate accounts, card services, exchange, lending, custody, and wealth management. Its multi-channel and scalable core platforms provide 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.
“We are very pleased to have engaged US Capital Global Securities as we continue to take digital banking to a new level internationally,” said Jason Blick, CEO at EQITrade. “We believe the banking industry – with its old technology, local operating model, and expensive cash handling – is overdue for an overhaul, and EQIBank is leading the way. US Capital Global is a full-service global financial services group with a strong focus in the FinTech and RegTech arenas, making the group a perfect fit for EQIBank.”
“We are excited to be supporting a global, market-disruptive FinTech firm like EQITrade,” said Charles Towle, CEO at US Capital Global Securities. “The past few years have demonstrated the immense popularity of digital banking platforms, such as Monzo and Chime, but EQIBank’s vast global reach, tax-neutral status, and high-barriers to entry are a welcome evolution in this new approach to banking. In addition to serving as lead placement agent on an upcoming $5 million capital formation, we will be providing EQITrade with an initial tranche from our own balance sheet through our US Capital Global Business Credit Income Fund LP.”
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. 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 provides wealth management and capital raise services.