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Security Token Market

North America Neobank Fintech Senior Secured Term Notes Token

PC0000045

Price
$1.00 USD (0%)
24h Volume
0.00
Market Cap
$53,000,000
Last Trade
February 22, 2025
Last Trade
February 22, 2025
North America Neobank Fintech Senior Secured Term Notes logo

PC0000045 Market Cap & Volume

Source: STM.co

Financial Services Closed Fixed Income International Non-US

Trading History

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Terms

Fundraise Information

Total Raise $100,000,000 USD
Soft Cap -
Raise Status Closed
Minimum Investment $100,000 USD
Accepted Investors International Non-US
Exemptions N/A
Instrument Private Credit
Token Issuance Info N/A

Token Information

Price Per (PC0000045) $1 USD (0%)
Token Issuance Platform Tradable
Secondary Marketplace Tradable
Blockchains Available On ZKSync Era
Security Type Fixed Income
Asset Class Private Credit
Ratings -
Token Rights N/A

About

Overview

The Company is neobank offering checking products, personal loans, and credit cards. To date, The Company has originated ~$21 billion and has over 2 million customers. Card products offer various incentives for paying down debt and the Originator would finance product that is structured similarly to a personal loan with fixed amortization. The Company has several securitizations / forward flows / warehouses, and would originate ~$20 - 25 million per month.

Highlights

Details

  • Total Deal Size: $100M
  • Target Net Returns: 7.5–10%
  • Term: 3 yrs
  • Min Investment: $100K
  • Type: Debt
  • Rate Type: Floating
  • Maturity Date: Dec 22, 2026
  • Capital Call Type: Drawdown
  • Onchain Capital Call Type: Prefund
  • Day 1 Draw: $0

Rates

  • Cash Interest Rate: 7.5–10%

Fees

  • Management Fee: 1%
  • Performance Fee: 0%
  • Expense Fee: 0%
  • Origination Fee: 1%

Blockchain

Blockchain Contract Address Block Explorer
ZKSync Era 0xDb48396Bb882330A45C13DC832759BE0D1214F7F Click here