Netwire is a payments processing company that leverages the power of the internet along with crypto currency to quickly process payment transactions. The company offers convenient, real-time payments using email or cell phone in any currency including crypto currency.
The COVID-19 economy is accelerating the shift to the digital economy and away from cash. According to PWC, there were almost 1 trillion global cashless payment transactions in 2020, and this is expected to triple by 2030. Meanwhile, revenue from alternative payment transactions is projected to grow from $78 billion in 2020 to $312 billion over the same time period.
Netwire charges a fee per transaction.
success to date
Netwire has developed its bill payment system and started processing transfers from our pilot network. The company has also negotiated an agreement for international payments.
- Using Netwire you can pay using the Mastercard network even if you don’t have a credit card
- Also can provide a one-time use Mastercard number to do a transaction if you don’t want to give out your credit card number
Use of Proceeds
If the offering's maximum amount of $106,999 is raised:
|Use||Value||% of Proceeds|
|General and Admin||$16,156||15.1%|
This is an offering of Common Units, under registration exemption 4(a)(6), in Netwire LLC. This offering must raise at least $10,000 by October 5, 2022 at 10:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. Netwire may issue additional securities to raise up to $106,999, the offering’s maximum.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
- Aug 5, 2022Primary offering of $0.68units at
- Aug 5, 2022
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